Bitcoin

Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person



Markets

Bitcoin's Price Recovery Faces Nonfarm Payrolls Test

Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.

BTC's price chart (CoinDesk)

Finance

Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others

The company announced the news alongside its first quarter earnings report on Thursday afternoon.

Jack Dorsey speaks at Consensus 2018 (CoinDesk)

Markets

Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says

Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.

(Shutterstock)

Policy

U.S. Senate's Warren Warns National Security Chiefs About Iranian Crypto Mining

In a letter to top officials, Sens. Elizabeth Warren and Angus King flagged Iran's reliance on cryptocurrency mining as a way to evade sanctions pressure.

Sen. Elizabeth Warren is demanding to know what U.S. authorities are doing about Iranian crypto mining. (Kent Nishimura/Getty Images)

Markets

First Mover Americas: BTC Stabilizes Around $58K Following Yesterday's Rout

The latest price moves in crypto markets in context for May 2, 2024.

BTC price FMA, May 2 2024 (CoinDesk)

Markets

Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity

The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.

Bitcoin volatility is falling. (Shutterstock)

Markets

Bitcoin 'Call Writing' Back in Vogue as Cash And Carry Strategy Loses Shine

Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.

Calculator, scientific. (kaboompics/Pixabay)

Markets

BlackRock's Bitcoin ETF Posts First Day of Outflows, Leading Record $563M Exit From U.S. Spot Products

Fidelity's FBTC, not GBTC, led outflows on Wednesday in what may be an alarming development for the bulls.

Net inflows into U.S.-based spot BTC ETFs. (CoinGlass)

Pageof 865