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

CME Sees Record Open Interest in Bitcoin Futures Ahead of ETF Debut

Record open interest on the CME represents increased institutional participation

Bitcoin CME futures open interest (bybt)

Markets

Bitcoin Futures ETFs May Boost Cash and Carry Yields

These ETFs could prompt more investors to buy futures. That would drive the futures curve further into contango.

Bitcoin ETF probabilities (Bloomberg Intelligence)

Markets

Bitcoin Mining Is Decentralizing – Here’s Proof

Mining has moved out of China. Is this good for bitcoin? Based on one metric at least, the answer is a resounding yes.

(Brett Zeck/Unsplash)

Markets

Grayscale Reiterates Plans to Convert Bitcoin Trust to Spot ETF

Once the application is made, the SEC will have 75 days to review it.

Grayscale CEO Michael Sonnenshein speaks at Consensus: Invest 2018. (CoinDesk archives)

Markets

Market Wrap: Bitcoin Reaches $61K as SEC’s ETF Deadline Nears

Bitcoin is inching closer to an all-time high as anticipation builds the U.S. regulator will finally approve one of the many applications it has received.

U.S. Securities and Exchange Commission (Shutterstock)

Learn

What Is a Bitcoin ETF?

The SEC is expected to decide on Jan. 10, 2024, whether to approve bitcoin ETFs from the likes of BlackRock, Fidelity and others, which would give investors exposure to the biggest cryptocurrency without having to actually buy it.

(Shutterstock)

Videos

Will Bitcoin Hit Its All-Time High of Just Under $65K?

CoinDesk’s Brad Keoun and George Kaloudis discuss where bitcoin could be headed next week as Wall Street banks warn inflation may not be transitory, which could be driving BTC’s price higher.

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Videos

Week in Review: The US Bitcoin ETF Race Heats Up

It’s been a big week for bitcoin, soaring past $60,000 for the first time in almost six months. The “All About Bitcoin” panel reviews events that helped bring BTC to this point, including the fierce U.S. bitcoin ETF race as the first bitcoin futures ETFs will reportedly clear the SEC next week.

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