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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
Key Driver Behind Bitcoin's Price Spike; California's Crypto Licensing Bill Signed Into Law
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the factors that caused bitcoin to briefly spike to $30,000. When will a crypto licensing bill signed by California Governor Gavin Newsom take effect? Plus, Tether freezes accounts linked to terrorism and warfare in Israel and Ukraine.
First Mover Americas: Bitcoin Spot ETFs Inch Closer to Reality in U.S.
The latest price moves in crypto markets in context for Oct. 16, 2023.
Bitcoin Gains Spark Bullish Call of ‘$15T Asset;’ BTC Forks Jump
One bull said bitcoin is “more valuable than gold” and will become a $15 trillion asset.
Grayscale 'GBTC Discount' Narrows to Near 2-Year Low as SEC Misses ETF Appeal Window
The narrowing of the discount likely represents increased likelihood that Grayscale will be able to convert its close-ended bitcoin trust into a spot-based exchange-traded fund.
Bitcoin Jumps to Near $28K as Bulls Bet on ETF Approval
Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.
Protocol Village: Binance Invests in Modular Rollup Network Initia
The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 9-16, with live updates throughout.
SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF
Bitcoin’s price immediately shot up after the news came out.
