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

Institutions Are Primed for MicroStrategy's Preferred Stock Sale, Say Analysts

A "near perfect" instrument is how Bitwise's Jeff Park described the new offering.

MicroStrategy Executive Chairman Michael Saylor (Credit: CoinDesk/Danny Nelson)

Markets

M2 Money Supply Approaches All-Time High, Bullish Signal for Crypto: Van Straten

The U.S. M2 money supply continued to increase in December a bullish catalyst for risk-on assets.

M2 Money Supply Continues to Grow (Shutterstock)

Markets

Japan’s Metaplanet Plans to Buy 21,000 Bitcoin by 2026

The “21 Million Plan” comprises the issuance of 21 million shares via moving strike warrants and represents Asia’s largest-ever equity capital raise for Bitcoin with a target of 16.65 billion yen.

japanese yen (Pixabay)

Markets

Czech Central Bank Governor to Propose Adding Bitcoin to Reserves: FT

The governor will present a BTC investment plan to the board Thursday, according to an interview published by the Financial Times.

Prague. (rainhard2/Pixabay)

Markets

Essential Insights to Monitor During Wednesday's 'No Change' Fed Meeting

The Fed is expected to keep rates unchanged while sticking to December's hawkish forward guidance. BTC and risk assets could take cues from Powell's take on key issues like mass deportations and shelter inflation.

Rolls of dollar bills of varying denominations.

Markets

Tom Lee Calls Monday's Market Plunge a Great Buying Opportunity After AI, Crypto-Led Rout

On Monday, NVIDIA had the largest single-day market cap loss in history, erasing $465 billion in market cap.

KULR adds more bitcoin to treasury (Shutterstock)

Markets

Short-Term BTC Holders Quit, CME Open Interest Slid by Record During Monday's Price Drop

As observed by many metrics, Monday's capitulation in bitcoin looks like a textbook local bottom.

Chart of one-day change in CME bitcoin open interest. (Glassnode)

Markets

Metaplanet Announces Largest Raise by an Asian-Listed Firm to Buy Bitcoin

Metaplanet issued 21 million shares through 0% discount moving strike warrants raising 116 billion yen ($745 million) to increase bitcoin treasury.

Japanese Yen (Shutterstock)

Markets

Mad Money's Jim Cramer Says 'Own Bitcoin, Not MicroStrategy'

In January 2024, Cramer said that bitcoin was likely topping out and called for an exit. The asset has surged more than 100% since.

CNBC's Jim Cramer

Markets

Bitcoin Mining Stocks With AI Ambition Battered 20%-30% Lower as Nvidia's Plunge Grips Crypto

The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana's SOL, which endured a double-digit pullback, one analyst said.

Core Scientific facility in North Carolina. (Core Scientific)

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