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



Finance

Hilbert Capital Will Manage $200M Bitcoin-Denominated Hedge Fund, Xapo Bank to Add Funds

The fund, set for launch in September, will be available to corporates, businesses and professional investors

Hedge fund. (viarami/Pixabay

Markets

Crypto Market Has Struggled Since Spot Ether ETFs Started Trading: Citi

Demand for digital assets has dried up in recent weeks and both bitcoin and ether ETFs have seen net outflows in the last month, the report said.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Markets

First Mover Americas: Bitcoin Consolidates at $64K Before Next Push Higher

The latest price moves in crypto markets in context for Aug. 26, 2024.

Bitcoin price on Aug. 26 (CoinDesk)

Markets

Bitcoin ETFs Log $250M Net Inflows, Highest Since July, After Rate Cut Signal at Jackson Hole

Trading volumes for the eleven ETFs crossed $3.12 billion to mark their highest level since July 19, SoSoValue data shows. BlackRock’s IBIT led trading activity and inflows at $1.2 billion and $83 million, respectively.

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

Markets

AI Tokens Lead Crypto Market Ahead of Nvidia Earnings, Bitcoin Under $64K

Analysts polled by FactSet are expecting Nvidia to hit earnings of 65 cents per share, up 141% year-over-year.

(Markus Winkler/Unsplash)

Markets

Bitcoin Surges to Nearly $64K, Adding to Gains as RFK Jr. Endorses Trump

The independent candidate is suspending his campaign for president and removing his name from the ballot in ten "battleground" states.

Bitcoin price 8/23 (CoinDesk)

Markets

Fed Chair Jerome Powell: Time Has Come for Policy to Adjust

Bitcoin rose in the immediate aftermath of his remarks at the Fed's Jackson Hole conference.

Jackson Hole (Joshua Earle/Unsplash)

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