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

BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish

Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.

Bitcoin price today (CoinDesk)

Markets

Mysterious $1.2M Bitcoin Transaction to Satoshi Nakamoto Sparks Speculations

The wallet receiving the hefty payout is the address that mined the Bitcoin network's first-ever block reward some 15 years ago, commencing the start of the blockchain.

Satoshi Nakamoto published the Bitcoin white paper on Halloween Day in 2008. (Jonathan Borba/Unsplash, modified by CoinDesk)

Finance

In Bitcoin ETF Battle, Grayscale Is Bringing 'a Gun to a Knife Fight'

The Grayscale Bitcoin Trust's (GBTC) $27 billion of bitcoin and $350 million of daily volume gives Grayscale an advantage versus BlackRock and other wannabe rivals, according to Bloomberg's Eric Balchunas.

Michael Sonnenshein (CoinDesk)

Markets

First Mover Americas: It’s ETF Deadline Week

The latest price moves in crypto markets in context for Jan. 8, 2024.

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Finance

Grayscale Announces 1.5% Fees for Its Proposed Bitcoin ETF Uplist

Grayscale, which has some $27 billion in assets under management (AUM), said it was adding Jane Street, Virtu, Macquarie Capital and ABN AMRO Clearing as authorized participants (APs), in an updated S3 filing on Monday.

Michael Sonnenshein (CoinDesk)

Markets

After Bitcoin ETF Decision, U.S. Debt Announcement May Be Pivotal for Crypto Traders

The Treasury's next quarterly debt announcement may not turn out as much a tailwind for risk assets as the previous one did.

U.S. Treasury Secretary Janet Yellen at American University (Jesse Hamilton/CoinDesk)

Markets

Bitcoin ETF Approval Odds Raised to Over 90% by Bloomberg Analysts, Drop on Polymarket

Two influential analysts have tipped odds at over 90% ahead of the Securities and Exchange Commission decision.

Gary Gensler's SEC must now decide what to do about multiple applications for BTC and ETH ETFs (Jesse Hamilton/CoinDesk)

Markets

Bitcoin, Asian Stocks Drop as Traders Pare March Fed Rate Cut Bets

Friday's payrolls will likely compel the Fed to maintain flexibility in its policy decisions going forward, one observer said.

BTC's price (CoinDesk)

Markets

Arthur Hayes Foresees 30% Bitcoin Crash Amid 'Vicious Washout.' Here's Why

Markets may relive last year's U.S. banking crisis as a crucial funding program is set to expire, Hayes said.

Arthur Hayes (CoinDesk)

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