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

Hong Kong Bitcoin and Ether ETFs Have Soft Debut

The volume of crypto exchange-traded funds came in at just over $11 million.

Hong Kong harbor skyline view into Kowloon

Finance

MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord

The broker cut its price target on the firm to $1,590 from $1,810, while maintaining its buy rating.

MicroStrategy Executive Chairman Michael Saylor (Getty Images)

Markets

Bitcoin Set to Become More Dominant Even as BTC Stares at First Monthly Loss Since August

Bitcoin's dominance rate has risen past key level, signaling further upside, according to Fairlead Strategies.

BTC's first monthly loss since August. (TradingView/CoinDesk)

Markets

Coal Miner Alliance Resource Dabbles In Crypto Mining, Mines 425 BTC

The $2.8 billion coal giant said that it is mining bitcoin with the excess power it generates.

(16:9 CROP) A file photo of a coal mine (Dominik Vanyi/Unsplash)

Markets

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

Bitcoin price on April 29 (CoinDesk)

Finance

MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M

To this point, the company has not adopted fair value accounting for its bitcoin stack, resulting in the first quarter write-down despite a major rally in prices.

Michael Saylor, executive chairman of MicroStrategy (Michael.com)

Markets

First Mover Americas: Bitcoin, Ether Sink Amid U.S. Stagflation Fears

The latest price moves in crypto markets in context for April 29, 2024.

BTC Price FMA April 29 (CoinDesk)

Markets

Bitcoin Trades At Slight Premium in Yen Terms Amid Suspected BOJ Intervention

The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention.

Japan (Su San Lee/Unsplash)

Finance

Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein

Investment platforms will take some time to establish the necessary compliance framework to sell bitcoin ETF products, the report said.

Time on clock stop by nail delay concept. (Dimj/Shutterstock)

Markets

Chart Veteran Who Predicted Bitcoin’s 2018 Collapse Says the Bull Market May Be Over

Brandt's latest view is based on a statistics concept called "exponential decay."

Down Arrow spray painted on a brick wall (Shutterstock)

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