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

Arca CIO: Bitcoin ‘Either Worth $0 or $1M Per Token’

Jeff Dorman, CIO of fund manager Arca, discusses his long-term outlook for bitcoin’s price after the cryptocurrency failed to keep heading higher and remains in a tight range between $46,000 and $50,000. “It’s either worth $0 or it’s worth probably $1 million per token,” Dorman said.

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Videos

Key Upsides to El Salvador’s Bitcoin Law

Edan Yago, a contributor to decentralized bitcoin trading and lending platform Sovryn, discusses his take on the potential positive impact of El Salvador rolling out bitcoin as legal tender despite growing skepticism and local protests just a week ahead of the move taking effect.

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Videos

El Salvador Approves $150M Bitcoin Trust Amid Anti-Bitcoin Protests

In El Salvador, hundreds of protesters have raised their voices against President Nayib Bukele's Bitcoin Law, making bitcoin legal tender in the country beginning September 7. Meanwhile, the Finance Commission of the Legislative Assembly of El Salvador agreed to create a $150 million bitcoin trust to facilitate exchange between BTC and U.S. dollars. "The Hash" panel discusses the possible bumps on El Salvador's road to bitcoin adoption.

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Finance

El Salvador to Create $150M Bitcoin Trust to Facilitate Exchange to US Dollars

The trust will instantly convert bitcoin to dollars, allowing local merchants to offset their exposure to bitcoin.

El Salvador President Nayib Bukele

Markets

Bitcoin Rangebound, Holding Support Above $46K

The cryptocurrency is roughly flat over the last week.

Bitcoin four-hour price chart shows short-term support and resistance levels with RSI.

Markets

‘Rare Pepe’ Steeped in Bitcoin History Fetches $500K on NFT Market OpenSea

Frog-themed digital collectible cards from the mid-2010s are getting retooled for fast sales in the white-hot NFT market.

An early blockchain-based digital collectible card combined the Pepe the Frog meme with the likeness of Dorian Satoshi Nakamoto, reported (controversially) in 2014 to be Bitcoin's founder. Now it's an NFT.

Videos

Is Bitcoin Too Big to Fall?

Quantum Economics analyst Jason Deane discusses his outlook for the Bitcoin network, explaining why he believes there's "too much value" and "too much at stake" for it to fall. "It's very, very difficult to stop something that has a full network effect," Deane said. Plus, insights into the global growth of BTC users, the impact of China's mining crackdowns on the hashrate, institutional interest in crypto.

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Videos

Premium of Bitcoin Futures to Spot Prices Shrinking on Major Exchanges

A new chart reveals a narrowing spread between futures prices of bitcoin and those of the spot market. It can be tied back to a reduction in leverage in the market as exchanges for futures and other derivatives have reduced the amount by which traders are allowed to borrow to fund their speculative bets.

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Markets

Market Wrap: Bitcoin Consolidates as Altcoin Season Heats Up

Bitcoin’s rally is taking a breather as altcoins outperform.

Bitcoin 24-hour chart, CoinDesk 20

Markets

Investors Add to Altcoin Funds as Bitcoin Outflows Mount

Digital-asset funds focused on Cardano and other altcoins have attracted fresh capital.

Chart shows total AUM and net new assets of crypto funds.

Source: CoinShares

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