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

Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin

The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries, the software company behind layer 2 Ethereum zero-knowledge rollup scaling system StarkNet.

(Boris SV/Getty Images)

Markets

First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard

Plus: Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around?

Hong Kong (Unsplash)

Markets

Bitcoin Sinks Below $27K After CFTC Files Suit Against Binance

BTC dropped to its lowest level since March 17 after the agency sued the crypto exchange for alleged regulatory violations. The Binance coin (BNB) price declined by 5%.

Bitcoin price chart showing the price drop on Monday. (CoinDesk)

Markets

Asset Managers’ Bitcoin Exposure Rises, Reversing Recent Trend

Following three consecutive weeks of reducing long positions, asset managers add 975 long futures contracts, the Commitment of Traders report shows.

BBitcoin faces headwinds (Pixabay)

Markets

Binance's Bitcoin Trading Volume Hits Lowest Level in 8 Months Following Termination of Zero-Fee Trading

Zero-fee trade volume accounted for 66% of Binance’s trading volume in mid-March prior to the decision to eliminate the promotion.

(Danny Nelson/CoinDesk)

Finance

MicroStrategy Pays Off Silvergate Loan, Buys More Bitcoin

The company borrowed $205 million from Silvergate Bank last March.

Michael Saylor, executive director, MicroStrategy (Marco Bello/Getty Images)

Markets

First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank

The latest price moves in crypto markets in context for March 27, 2023.

(Smith Collection/Gado/Getty Images)

Markets

Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley

Traders on Binance now set the daily price for BTC with the crypto exchange’s share of trading volume reaching 80%, the bank said.

Brevan Howard Digital was among the backers for Puffer's $5.5 million round. (Pixabay)

Markets

First Mover Asia: Bitcoin Is Ready for a Consolidation Phase

ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders' current caution, but at least one stakeholder is optimistic that the situation will change.

Decentralized derivatives platforms have a liquidity problem, Sam Reynolds writes. (Unsplash)

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