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



Videos

Investment Firm Republic Raises $150M in Series B Funding Round

Republic, an investment firm that includes a crypto arm, announced Tuesday a $150 million Series B funding round led by Valor Equity Partners. Republic’s Head of Crypto and Tokenization Andrew Durgee discusses the raise, crypto markets outlook, and memecoins.

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Markets

Bitcoin Dips Below $59K as Leverage Ratio, SHIB Rally Signal Excess Speculation

SHIB’s parabolic run has again coincided with a pullback in bitcoin’s price.

Bitcoin estimated leverage ratio

Markets

Bitcoin Holds Support, Bounces to $61.4K

A potential technical breakdown would expose a support level near $54,000.

Bitcoin's four-hour chart (TradingView)

Finance

Brazilian Ride-Hailing Giant 99 to Enable Bitcoin Trading

Users of the 99Pay digital wallet will be able to sell and buy bitcoin commission-free starting next week.

Brazilian flag (Mateus Campos Felipe/Unsplash)

Markets

Market Wrap: Long-Term Bitcoin Holders Trim Positions as Rally Stalls

Still, blockchain data show bitcoin holder positioning is consistent with the early stage of a bull market, one firm says.

Bitcoin 24-hour price chart (CoinDesk)

Markets

CME Leveraged Funds Raise Bets Against Bitcoin to Record High as Futures Premium Spikes

Earlier this month, analysts had warned of renewed interest in cash and carry arbitrage.

CME bitcoin futures: Leveraged funds (Skew)

Videos

CME Leveraged Funds Raise Bets Against Bitcoin to Record High as Futures Premium Spikes

Leveraged funds on the Chicago Mercantile Exchange (CME) raised their bets against bitcoin, rising to a record high in the week ended Oct. 19, possibly to profit from the widening gap between futures and spot markets prices. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Videos

Bank of Spain Opens Registry for Crypto Service Providers

The Bank of Spain has issued instructions on registering with the central bank to offer crypto-related services in the country. Head of Market Insights at Genesis Global Trading Noelle Acheson discusses the significance of the move, outlook for bitcoin following the launch of three U.S. bitcoin futures ETFs, and institutional interest in crypto. Plus, insights into the European markets.

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