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 Surge Blasts $170M in Bearish Shorts as BTC Price Targets $48K

Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on Monday.

Arbitrage trade opens up on TX (Alexander Grey/Unsplash)

Markets

Key Metrics Show Crypto Traders Turning to Ether From Bitcoin

Futures and options market metrics suggest traditional finance players and sophisticated market participants may soon rotate money into ether from bitcoin.

Trader. (Tumisu/Pixabay)

Markets

Bitcoin Inscriptions Divide BTC Community Amid Network Congestion, but Are 'Unstoppable'

As unconfirmed transactions on the Bitcoin blockchain rise, Luke Dashjr, a prominent developer pledges that Ordinal Inscriptions are a 'bug' that will be fixed.

Traffic (Creative Commons)

Finance

This Bitcoin Rally Feels Different. FOMO and YOLO Seem to Be Back

BTC just touched $45,000 days after topping $40,000 for the first time since early last year – and crypto-skeptics are taking another look.

Is bitcoin going to the moon again? (NASA)

Markets

Bitcoin Blasts to $44K on Coinbase, Could Run Toward $48K Resistance: LMAX Analyst

The sharp move higher from $42,000 Tuesday prompted $73 million in liquidations, mostly from leveraged positions betting on lower prices.

Bitcoin price is up almost 5% over the past 24 hours (CoinDesk)

Markets

Bitcoin ETFs Got BTC Surging, but Tumbling Interest Rates Have Helped, Too

The abrupt recent turn in expectations for Federal Reserve monetary policy has helped asset prices across the board.

Lower rates may be behind bitcoin's big move (© Eugene Mymrin)

Finance

BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF

BlackRock’s amended filing included clarifications on topics such as the Trust’s structure and potential regulatory impacts on it.

BlackRock HQ

Videos

Bitcoin Ecosystem Developments in 2023 as BTC Hits Fresh 2023 High

The Bitcoin ecosystem is under a renewed spotlight as the price of the largest cryptocurrency hovers around $42,000 for the first time since April 2022. Trust Machines CEO Muneeb Ali, along with Swan CEO Cory Klippsten, reflect on the developments for the Bitcoin network this past year and where BTC's price could be headed next.

CoinDesk placeholder image

Markets

First Mover Americas: BlackRock Received $100K Seed Funding for Its Spot BTC ETF

The latest price moves in crypto markets in context for Dec. 5, 2023.

BlackRock HQ

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