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

Tech

Bitcoin Could See Growth in Layer-2 Ecosystem, Drawing on Ethereum's Experience: Report

The report by Singapore-based blockchain investment Spartan Group and Kyle Ellicott details how these auxiliary networks have drawn a page from the Ethereum blockchain's playbook, and could spring up as demand grows for blockspace on Bitcoin.

By Jamie CrawleyJan 18, 2024

Markets

First Mover Americas: dYdX Beats Uniswap, Bitcoin Outlook Dour

The latest price moves in crypto markets in context for Jan. 18, 2024.

By Lyllah Ledesma, Omkar GodboleJan 18, 2024

Markets

BlackRock's Bitcoin ETF Hits $1B AUM in One Week

IBIT’s holdings consist of 99% bitcoin, and nearly $60,000 in fiat, data shows.

By Shaurya Malwa, Ian AllisonJan 18, 2024

BlackRock's corporate office in New York, New York. (Jim.henderson/Wikimedia Commons)

Markets

Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say

Several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards, one firm said.

By Shaurya MalwaJan 18, 2024