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

Grayscale’s High ETF Fee Keeps the Cash Flowing In Even as Investors Withdraw

Grayscale’s fee revenue from GBTC is nearly five times higher than BlackRock’s from IBIT even after a 50% decline in assets under management.

Grayscale advertisement (Grayscale)

Markets

Bitcoin Regains $61K in Worst Start to Most Bullish Month as Israel-Iran Tensions Rage On

Global equities and risk assets such as bitcoin took a hit Tuesday as Iran launched missiles on key Israeli locations, with the latter threatening retaliation in the coming days.

(Eduardo Castro/Pixabay)

Markets

Bitcoin Crumbles to $60K, Giving Up Most Post-Fed Rate Cut Gains

The S&P 500 and the Nasdaq also fell on a report that Iran was preparing an imminent missile attack on Israel.

Gráfico de índices del mercado de acciones subiendo y bajando. (Megamodifier/Pixabay)

Opinion

How the Crypto Retail Market Has Changed

Retail investors may not be as plentiful in the current cycle, but they've become increasingly sophisticated, says CoinDesk senior analyst James Van Straten.

(Andriy Onufriyenko/Getty Images)

Markets

Bitcoin Bull Run in Question as Balances on OTC Desks Rise to 410K

The amount of bitcoins on OTC desks has doubled over the past five months to the highest level since May 2022.

Bitcoin: Total OTC Desk Balance (CryptoQuant)

Markets

First Mover Americas: BTC Is Little Changed Following Muted Asia Trading

The latest price moves in crypto markets in context for Oct. 1, 2024.

BTC price, FMA Oct. 1 2024 (CoinDesk)

Markets

Bitcoin Mining Profitability Fell for Third Straight Month in September: JPMorgan

Daily block reward gross profit fell to the lowest "on recent record" last month, the report said.

(Shutterstock)

Markets

Bitcoin Retail Inflows Hold Steady as Whales Pile In at Start of Historically Bullish October

Data from crypto exchanges OKX and Binance, popular with retail traders, show subdued activity relative to the bull markets of 2021 and 2022 and less even than the 2019-2020 bear market.

Trading (Pixabay)

Markets

Bitcoin $100K Bullish Bet Draws Nearly $1B Open Interest on Deribit

The $100,000 call is the most popular bitcoin option on Deribit.

BTC Options: Distribution of open interest across all expirations. (Deribit)

Markets

Metaplanet Buys Another 107 Bitcoin, Pushing Stock-BTC Ratio to 20%

The firm now holds over 500 bitcoin after a first tranche of purchases in April.

Japan (Su San Lee/Unsplash)

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