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 Set to Form Death Cross as Dollar Index Teases Golden Crossover

A death cross indicates a potential long-term bearish shift in momentum while a golden cross suggests the opposite.

Police do not cross tape at playground

Markets

Buy Ether Instead of Bitcoin to Ride ETF Momentum, Crypto Research Firm Says

There’s a high probability of approval on or before the SEC’s final deadline in mid-October for a decision on the first ether futures ETF in the U.S.

Timeline for crypto-related ETFs in October (Bloomberg/K33 Research)

Markets

Bitcoin Plumbs 6-Month Low Near $25K and Higher Oil Prices Suggest Further Pressure

"This is exactly what apathy looks like," said one crypto analyst.

Bitcoin plumbs multi-month lows (Adam Nowakowski/Unsplash)

Markets

First Mover Americas: Bitcoin Treads Water Below $26K

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

BTC Sept. 05 2023 (CoinDesk)

Markets

Deribit Sees 17% Growth in Crypto Derivatives Trading Volume in August, Led by Options

Deribit registered an increase in crypto derivatives trading volume even as global activity declined by 12.1% to around $1.6 trillion.

Top crypto exchanges: monthly derivatives volume trends (Coingecko, Deribit)

Markets

Bitcoin Bulls Face Setback as Monthly Stochastic Indicator Turns Lower: Analyst

At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastic, a signal that has previously marked market peaks.

The stochastic indicator is signaling a loss of upward momentum. (mark1657/Pixabay)

Markets

First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies

The latest price moves in crypto markets in context for Sept 4, 2023.

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Markets

Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan

For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.

Grayscale ad (Nikhilesh De/CoinDesk)

Markets

Bitcoin's Use as Margin Collateral in Crypto Futures Trading Is Growing

Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.

bag of coins

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