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

Bitcoin Price Flash Crash on Binance.US Attributed to Trader Algorithm Bug

It all happened in a blip, and an exchange official says the institutional trading customer has since fixed the issue.

Bitcoin’s 1-minute price chart shows drop to $8,200 at 11:34 UTC. (TradingView/CoinDesk)

Markets

Bitcoin Tumbles to $63K in Quick Retreat From All-Time High

Despite bullishness among many analysts, the largest cryptocurrency cedes ground after this week’s ETF-fueled rally.

Bitcoin's price chart over past month shows dropoff on Thursday after hitting a new all-time price near $67,000. (CoinDesk)

Videos

Chris Giancarlo: 'Crypto is A Solution to Old, Expensive, Exclusive Existing Legacy System'

As bitcoin hits a 6-month high following the first U.S. bitcoin futures ETF "BITO" rising since its Tuesday trading debut, Chris Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), discusses where BITO fits among the larger regulatory picture in the U.S. within the SEC, CFTC, and Congress. Plus, his views on stablecoins, state issues around crypto lenders, and more.

Recent Videos

Videos

Bitcoin Hits All-Time High, Lotte World Opens in Metaverse

Bitcoin hits all-time high. Korea’s Lotte World opens in the metaverse. Hong Kong-based Animoca Brands closes $65 million capital raise. We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast.

Recent Videos

Videos

Jacobi Asset Management Wins Approval to Launch Bitcoin ETF in Guernsey

Newcomer digital assets manager Jacobi Asset Management has won approval from regulators on the island of Guernsey to launch a physically backed bitcoin ETF. CEO Jamie Khurshid shares insights into the prospective listing, this week’s crypto market activity, and outlook for bitcoin.

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Finance

Houston Firefighters Pension Fund Makes Bitcoin, Ether Purchase

The fund has invested $25 million in crypto in what appears to be a first for a U.S. public pension plan.

fire

Markets

Crypto Market Cap Surges to Record $2.7T

The record high comes as the world’s two largest cryptocurrencies continue to rally.

(CoinGeko)

Markets

How Does Crypto Fit Into a Passive Investment Strategy?

And how should advisors approach it as an investment for their clients?

(Frank Busch/Unsplash)

Markets

Bitcoin Futures ETFs Are Here. Is a Physical ETF Soon to Follow?

The bitcoin ETF marketplace is rapidly evolving, with a futures-based ETF most recently receiving SEC approval. When can investors expect a physical ETF?

(Aditya Vyas/Unsplash)

Finance

Crypto Miner Hut 8 Buys 12,000 New MicroBT Miners for $58.7M

The company expects to start taking delivery in January 2022.

Hut 8 plant

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