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


Finance

Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long

The transaction fees debacle might have provided a short-lived revenue bump for the miners but gives a glimpse of the future for the industry.

By Eliza GkritsiMay 11, 2023

(Rachel Sun/CoinDesk)

Tech

Threshold Network Goes Live With Wormhole to Bridge Bitcoin to 20 Blockchains

Using bitcoin on other networks previously required users to rely on centralized bridges, which increased risks for token holders.

By Shaurya MalwaMay 11, 2023

Prime Protocol to eliminate need for cross-chain bridges (Charlie Green/Unsplash)

Markets

Long-Term Bitcoin Holders Boost Their Stash as BTC Prices Decouple From Nasdaq

Long-term holder wallets are witnessing net accumulation at the fastest pace since October 2021.

By Omkar GodboleMay 11, 2023

Bitcoin: Long term holder net position change (Glassnode)

Tech

Developers Deploy Uniswap Contracts on Bitcoin as BRC20-Based SHIB, PEPE Gain Popularity

Tokens issued on Bitcoin ran to a cumulative market capitalization of as much as $1.5 billion earlier this week before sharply correcting.

By Shaurya MalwaMay 11, 2023

Red arrows moving upon wooden blocks, Business concept Growth, Conceptual Business Finance Growth (Sakchai Vongsasiripat)

Markets

First Mover Asia: Expect Bitcoin to Hit $25.2K Soon: Strategist

ALSO: Bitcoin needs a compelling narrative to break from its current range, but that likely will not occur until next year, says the CEO of Web3 bond-market platform Umee.

By Sam Reynolds, James RubinMay 11, 2023

Deutsche Bank's survey of retail investors see bitcoin (BTC) price dropping below $20K by year-end (Meg Boulden/Unsplash)

Markets

Bitcoin Roller Coaster Ride Wednesday Underlines Its Vulnerability but Also Its Resilience

Bitcoin and ether rose on mildly favorable inflation data, sank amid rumors of a U.S. government sell-off of BTC and then climbed again as investors shrugged off the tumult.

By Glenn Williams Jr.May 10, 2023

(Chris De Tempe/Unsplash)

Opinion

Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin

Several crypto lenders, exchanges and funds that used customer assets to grow rapidly had a crash course in the limits of digital scarcity in 2022.

By Christopher CalicottMay 10, 2023

(Edge2Edge Media/Unpslash)

Opinion

If Bitcoin Can’t Handle a Few JPEGs, How Can It Handle the World?

Network congestion from ordinals and BRC-20s is a stress test – and Bitcoin is failing.

By David Z. MorrisMay 10, 2023

(Getty Images)

Markets

Bitcoin Dips Below $27K, Reversing Post-CPI Rally

The BTC/USD trading pair on Coinbase was trading as low as $26,800 before regaining some ground.

By Jocelyn YangMay 10, 2023

Red arrows pointing down falling drop (Getty Images)

Finance

Bitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets

Liquidity across bitcoin trading pairs has slumped and failed to recover since the collapse of FTX in November.

By Oliver KnightMay 10, 2023

(Mohan Murugesan/Unsplash)
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