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

MicroStrategy Adds Almost 9,000 Bitcoins to Its Holdings in Third Quarter

The company’s bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.4 billion.

MicroStrategy CEO Michael Saylor

Videos

Bitcoin Outflows Aren't the Bullish Signal You Think They Are

As billions of dollars worth of bitcoin flow out of exchanges, the price of bitcoin is shooting up. Still, conventional wisdom suggests when considerable amounts of bitcoin exit exchanges, the hodlers are storing away coins in their cold-storage hoards, presumably forever. So who is hoarding bitcoin? "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

Videos

Why Miners Are Accumulating Bitcoin for Collateral

Elite Mining CEO Justin Podhola discusses how his firm is accumulating bitcoin as collateralization amid an emerging mining industry trend. In what situation would miners unravel their crypto holdings and begin putting them back on exchanges? Plus, an update on the hashrate and outlook for bitcoin.

Recent Videos

Markets

Do Cryptocurrencies Have a Dirty Little ESG Secret?

There’s a common argument that bitcoin and other cryptocurrencies are environmentally dirty – but that’s not necessarily true. Advisors need to be aware that the worlds of ESG and crypto are continuing to intersect in new ways.

(Raimond Klavins/Unsplash)

Markets

Why Bitcoin’s Volatility Is a Feature, Not a Bug

Many investors see bitcoin’s price volatility as problematic, but it’s actually beneficial.

(Jakob Owens/Unsplash)

Finance

El Salvador ‘Buys the Dip,’ Acquires 420 Additional Bitcoin

El Salvador’s President Nayib Bukele said in a series of tweets, “It was a long wait, but worth it. We just bought the dip!”

El Salvador Pres. Nayib Bukele

Markets

Shiba Inu Jumps 70% to Surpass Market Value of Robinhood – Where It’s Not (Yet) Listed

The “dogecoin killer” now has a market value of more than $39 billion; HOOD’s market cap is at $29 billion.

A Shiba inu, the dog breed that inspired both DOGE and SHIB, is getting a ride in cryptocurrency markets. (Unsplash, modified by CoinDesk)

Markets

Market Wrap: Bitcoin Dips Below $60K as ETF Enthusiasm Fades

“We may see significant price erosion,” said one trader.

Bitcoin support and resistance levels (CoinDesk, TradingView)

Videos

Valkyrie Exec on Filing to Offer Leveraged Bitcoin Futures ETF

Only days after launching one of the only bitcoin exchange-traded funds (ETF) to make it past U.S. regulators, Valkyrie Investments filed Tuesday to offer a 1.25x leveraged bitcoin futures ETF to U.S. investors. Valkyrie's Head of Research Sean Rooney shares insights into the launch and the SEC's stance on crypto regulation. Plus, why he predicts bitcoin could breach $100K by year's end.

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