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

Ether Tumbles 5.8%, Leading Large Crypto Losses, With Bitcoin Sliding Below $71K

Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.

Bitcoin (BTC) price on Oct. 31 (CoinDesk)

Tech

Bitcoin Rollup Citrea Aims to Make BTC a Programmable Asset With ZK Proofs, Raises $14M Series A

The goal of allowing greater utility on the Bitcoin blockchain is one of almost existential importance, according to Citrea.

A photo of Citrea's four co-creators (Citrea)

Markets

First Mover Americas: Bitcoin Returns to $72.5K in Muted Market Activity

The latest price moves in crypto markets in context for Oct. 31, 2024.

BTC price, FMA Oct. 31 2024 (CoinDesk)

Markets

Bitcoin Prices Take Breather as BTC ETFs Record Another Day of Monster Inflows

Strong net flows into bitcoin exchange-traded funds indicate robust institutional demand as BTC dominance rises at the expense of ether, one trader noted.

Ethereum ETFs drew in inflows despite ETH's plunge on Monday.(Shutterstock)

Finance

Michael Saylor's MicroStrategy Plans to Raise $42B to Buy More Bitcoin Over Next 3 Years

The company reported its third quarter earnings results after the close of trading on Wednesday afternoon.

MicroStrategy Executive Chairman Michael Saylor (Credit: CoinDesk/Danny Nelson)

Markets

Institutional Investors Position for Bitcoin Volatility Into the U.S. Election

Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.

(Paul Kenny McGrath/Unsplash)

Markets

Degens Are Searching for Further Leverage on MicroStrategy and Winning Massively

The T-REX 2X long MSTR Daily Target ETF (MSTU) has rallied 235% since its introduction six weeks ago, an annualized equivalent return of 57,000%, according to Bloomberg analysis.

Michael Saylor at Bitcoin 2024 in Nashville, Tennessee

Tech

Protocol Village: Starknet Claims to Shatter Transaction Speed Record Among Ethereum Layer-2 Networks

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 24-30.

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

Tech

Leading Bitcoin Layer 2 Picks Optimism's Red-Hot Superchain to Link to Ethereum

BOB, which is trying to make Bitcoin a DeFi hotbed, aims to create bridges between itself and layer-1 blockchains like Ethereum.

BOB team (BOB)

Markets

First Mover Americas: Bitcoin Little Changed After Teasing All-Time High

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

BTC price, FMA Oct. 30 2024 (CoinDesk)

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