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



Marchés

2020′s Bull Redux? CME Improves Its Ranking in Biggest Bitcoin Futures Exchanges List

CME jumps from last month’s fourth place, while Binance retains the top spot.

CME is the second-biggest bitcoin futures exchange by open interest

Finance

Pro-Crypto Senator Lummis Discloses Bitcoin Purchase Worth Up to $100K

Lummis executed her latest purchase on Aug. 16 from the brokerage firm River Financial, according to a filing on Thursday.

Sen. Cynthia Lummis helped draft an amendment to a controversial tax provision in the infrastructure bill.

Finance

Colombian Fintech Movii Raises $15M in Series B Round

Movii said that it was targeting some of the funding to develop a bitcoin purchasing service.

Hernando Rubio, CEO and co-founder of Colombian fintech company Movii.

Juridique

Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis

In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.

(Carlos Becerra/Bloomberg via Getty Images)

Marchés

Highlights From CoinDesk’s Bitcoin for Advisors 2021

Notable keynote speakers including Ric Edelman, Michael Kitces, Michael Sonnenshein, Tyrone Ross, Dani Fava and many more offered their perspectives on all things bitcoin for financial professionals.

Jonas Jacobsson/Unsplash

Marchés

Market Wrap: Analysts Bullish on Bitcoin as Trading Volume Rises

Historically, bitcoin produces positive returns in the fourth quarter, underpinning bullish price estimates.

Bitcoin 24-hour chart (CoinDesk)

Marchés

Revolution, Macro and Micro: Three Ways to Look at a Bitcoin Investment

Understanding the three main investment theses of bitcoin will help you not only allocate to it for clients but also parse through cryptocurrency news, analysis and commentary.

CoinDesk placeholder image

Marchés

How Advisors Can Add Value to Clients With Crypto

Being a crypto-competent advisor can help to differentiate yourself from other financial professionals and add value to your client relationships and practice.

(Andrew Neel/Unsplash)

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