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

First Mover Americas: BTC Little Changed, on Course to End August Down 8%

The latest price moves in crypto markets in context for Aug. 30, 2024.

By Jamie CrawleyAug 30, 2024

Podcasts

Rhodium Files for Bankruptcy, Mining Farm Acquisition Season, Public Miner AI Updates, and Bitcoin’s Maddening Energy Debate

By William FoxleyAug 30, 2024

Wealth Optimization Strategies For Bitcoiners

Markets

Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time

U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market.

By Shaurya MalwaAug 30, 2024