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

Global Investment Giant Capital Group Reaches 5% Stake in Bitcoin Holder Metaplanet

Capital Group is also the second-largest shareholder in MicroStrategy, trailing only Michael Saylor.

stacking coins (structuresxx/Shutterstock)

Markets

MicroStrategy Added 2,530 Bitcoin for $243M, Bringing Holdings to 450K BTC

During a presentation in Orlando on Monday, Saylor told executives to invest in bitcoin instead of bonds, which he labeled as "toxic."

MicroStrategy Executive Chairman Michael Saylor

Markets

Bitcoin Difficulty Hits All-Time High, Adjusts Positively for 8th Consecutive Time

When bitcoin typically puts in these many consecutive positive adjustments it has marked near cycle tops and bottoms.

BTC Difficulty Adjustment (Glassnode)

Markets

Bitcoin Under Pressure as Goldman Trims Fed Rate Cut Expectations, BofA Sees Potential Hike After Blowout Jobs Report

Risk assets trade weak as investment banks pare back Fed rate cuts in the wake of Friday's hotter-than-expected U.S. jobs report.

Battered BTC bulls pin hopes on the Fed. (JamesQube/Pixabay)

Markets

Why High Net-Worth Investors Are Super Bullish on Bitcoin Right Now

The difference in outlook between traders and high net-worth individuals has never been greater, according to David Siemer, CEO of Wave Digital Assets.

KULR expands bitcoin holdings to 510 BTC (Jacco Rienks, Unsplash)

Tech

Babylon Labs Brings New Momentum to Bitcoin ZK Tech Through Bridge to Cosmos Chains

Babylon, developer of the largest BTC staking protocol, is teaming up with Bitcoin developers Fiamma to build a trust-minimized bridge using BitVM2

Bridge (Charlie Green/Unsplash)

Markets

U.S. Added 256K Jobs in December, Blowing Past 160K Estimate

Crypto markets have fallen sharply over the past few days as stronger than expected economic data sent interest rates surging and called into question the idea that the Fed will continue easing monetary policy.

The U.S. released January jobs numbers Friday morning (Ernie Journeys/Unsplash)

Markets

China's Central Bank Halts Bond Purchases to Support Yuan, BTC Holds Under $95K

The PBOC on Friday suspended bond purchases to stall the slide in bond yields and CNY

China. (Excellentcc/Pixabay)

Markets

The Bitcoin Iceberg: Buyers Await Beneath The Bearish Surface

The market depth shows dominance of buy orders at levels away from the going market rate.

The BTC order book shows buyer dominance at depths. (NaomiBooth/Pixabay)

Markets

Market Fears of Potential Selling Pressure From Possible Silk Road Sale is Overblown: Van Straten

Since September, the market has absorbed over 1 million bitcoins, while the price has gone from around $60,000 to over $100,000.

Department of Justice (Shutterstock)

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