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

Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System

The project formerly known as "Taro" has been rebranded "Taproot Assets" after Lightning Labs was hit with a trademark infringement lawsuit. The new offering, now on a testnet, comes with a "core set of features to bitcoinize the dollar," according to the firm.

(Donald Iain Smith / Getty Images)

Markets

Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations

Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default.

WASHINGTON, DC - OCTOBER 06: U.S. Treasury Secretary Janet Yellen (C) listens to President Joe Biden during a hybrid meeting with corporate chief executives and members of his cabinet to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building on October 06, 2021 in Washington, DC. Each of the meeting participants spoke in dire terms about the negative national and global economic reaction to Congress failing to raise the limit and the U.S. defaulting on its debt. (Photo by Chip Somodevilla/Getty Images)

Videos

Bitcoin-Ether Correlation Dips Below 80% for First Time Since 2021

The positive relationship between bitcoin (BTC) and ether (ETH), the world's top two cryptocurrencies by market value, has weakened this year, signaling an impending regime change in the market. The 30-day rolling correlation between changes in bitcoin and ether prices dipped to 77% Monday, the lowest since 2021 and notably weaker than 96% seen two months ago, according to Kaiko data. "The Hash" panel discusses what this means for the future of bitcoin, ether, and the crypto markets at large.

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Markets

Bitcoin Volatility and Trading Volume Continue to Decline

The compression in BTC’s trading range implies that market participants are playing things safely for the moment.

Jakob Braun (Unsplash)

Finance

Peter Thiel Backs Bitcoin Startup River in $35M Round

The Series B funding for the Bitcoin financial services provider was led by Kingsway Capital.

River Financial CEO Alex Leishman at BTC 2022. (Danny Nelson/CoinDesk)

Markets

Bitcoin's Realized Price on Cusp of Flashing Major Bullish Signal

The crypto's realized price looks set to cross above the average on-chain acquisition price of long-term holders, indicating a prolonged bullish period ahead.

(Shutterstock)

Markets

Bitcoin-Ether Correlation Weakest Since 2021, Hints at Regime Change in Crypto Market

As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two cryptocurrencies will continue to diverge, one observers said.

Correlación móvil de 30 días entre los precios del bitcoin y ether (Kaiko).

Tech

One Million Individual Wallets Now Hold a Whole Bitcoin

A major bump in such wallets came after the implosion of crypto exchange FTX between November and January.

Wallet lying on the ground (Getty Images)

Markets

First Mover Asia: Bitcoin, Ether Prices Stuck in 'Wind Tunnel'

There all sorts of indicators traders can use to get a sense of where sentiment is heading in crypto markets. A key metric is funding rates on perpetual futures on bitcoin and ether.

(Shutterstock)

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