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 Test of All-Time Highs Means Old Miners Are Cashing Out

Early miners are sending their old block rewards to exchanges, contributing to selling pressure as bitcoin retreats from testing all-time highs.

ASIC Miners (Sandali Handagama/CoinDesk)

Markets

Bitcoin ETFs Smash $10B Trading Volume Record Amid Wild BTC Price Action

Last week's volume record coincided with strong ETF inflows, but Tuesday's action could indicate heavy profit-taking, with traders perhaps deciding to sell shares to lock in gains.

Scrabble letters spelling ETF arranged a rack

Finance

Bitcoin Soared to an All-Time High. So Why Aren't Miners Blasting Off, Too?

One explanation: Investors are pouring money into spot ETFs while avoiding miners due to risks related to the Bitcoin halving.

16:9CROP Miners (Library of Congress)

Markets

Bitcoin/Euro Suffers Flash Crash on Coinbase

The tumble occurred shortly after bitcoin hit a record high of $69,325.

BTC/EUR trading pair on Coinbase (TradingView)

Markets

Bitcoin Soars to a Record – but What's the Price? And What Was the Old All-Time High?

From Coinbase to Reuters and CoinDesk, there's disagreement over BTC's price.

What's the all-time high for bitcoin's price? (Uday Mittal/Unsplash)

Tech

Jupiter’s Perpetual Crypto Trading Falters as Bitcoin Hits Record

The Solana-based trading platform was experiencing issues with its price feed infrastructure.

Planet Jupiter and its great red spot

Markets

Bitcoin Tumbles 10% After Hitting Record High; Triggers $1B Crypto Liquidations

Bitcoin's new all-time high Tuesday quickly turned into a bloodbath, flushing out overzealous leveraged traders.

Bitcoin price action on March 5 (CoinDesk)

Markets

Bitcoin Hit a Record High. Here's What Might Happen Next

More than $84 million of derivatives have been liquidated in the past four hours, mostly long positions.

Bitcoin price (CoinDesk data)

Finance

Bitcoin Bridge OrdiZK Suffers Apparent $1.4M Rug Pull, Token Crashes to Zero: CertiK

The OrdiZK website and social media accounts are also offline.

OrdiZK appears to have suffered a rug pull. (Clint Patterson/Unsplash)

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