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

A Wild Few Minutes Drive Bitcoin Above $35,000 as ETF Excitement Starts to Thaw the Crypto Winter

BTC hasn't seen these lofty levels since May 2022, when the cryptocurrency industry was just starting to get pummeled by scandals.

(Clay Banks/Unsplash)

Markets

Crypto Traders Suffer Over $100M of Short Liquidations as Bitcoin Hits 3-Month High Over $31K

BTC surged past $31,000 and other cryptocurrency prices soared sharply Monday, too, taking many leveraged traders by surprise.

Crypto liquidations over the past 24 hours (CoinGlass)

Markets

Bitcoin Tops $35K, Hitting 16-Month High; Options Positioning Suggests Price Has Further to Run

Traders have gotten very optimistic that a bitcoin ETF will get approved in the U.S.

(Getty Images)

Markets

Michael Saylor's $4.7B Bitcoin Bet Back in the Green

MicroStrategy, the software company led by Saylor, began buying the crypto more than three years ago and at last check held more than 158,000 bitcoins.

MicroStrategy Executive Director Michael Saylor (CoinDesk)

Markets

First Mover Americas: Bitcoin Gains as Trading Volume Surges

The latest price moves in crypto markets in context for Oct. 23, 2023.

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Finance

Bitcoin Miner Bit Digital Diversifies Into AI for 'Substantially Higher Margin' Than Mining

The firm is looking for a "reliable income stream ... that is uncorrelated to bitcoin prices."

robot hand holding dollar bills

Markets

Bitcoin Eyes $31K as Gold Offers Bullish Cues

Interest rate-sensitive assets, such as Gold, are seeing bullish momentum in a positive sign for bitcoin, one observer said.

BTC 30K updated

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