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

Bitcoin Gets Yet Another Bullish Signal as Prices Near $70K

A widely-tracked momentum indicator has flipped positive for the first time since April.

Traffic, green light. (Alexas_Fotos/Pixabay)

Markets

Bitcoin Isn't at a Record Like Gold and S&P 500, but an Overlooked Catalyst Suggests a Coming Change

The downtrend in the yen has resumed in strong fashion, a good sign for risk assets, crypto among them.

Bulls (Delphine Ducaruge /Unsplash)

Markets

First Mover Americas: BTC Flirts With $68K Amid ETF Inflows

The latest price moves in crypto markets in context for Oct. 18, 2024.

BTC price, FMA Oct. 18 2024 (CoinDesk)

Markets

Global Bitcoin ETPs Register Biggest Seven-Day Inflow Since July

In the past four trading days, Bitcoin ETFs have purchased around 48 days of the mined bitcoin supply.

Bitcoin ETP Inflows (Bold.Report)

Tech

Jailhouse Block: Elvis Digital Art Collection Will Inscribe on the Bitcoin Network

A digital art collection of Elvis Presley, "Elvis Side $Btc," will be inscribed on the Bitcoin blockchain by OrdinalsBot and IP project Royalty.

Elvis Presley performs in concert at the Milwaukee Arena on April 27, l977, in Milwaukee, Wisconsin. (Photo by Ronald C. Modra/ Getty Images)

Markets

Four Reasons Elon Musk’s Tesla May Have Moved $760M of Bitcoin

The electric carmaker moved its stash of BTC to new wallets earlier this week, sparking speculation on why it may have done so.

Tesla CEO Elon Musk (Getty Images, modified by CoinDesk)

Markets

Ongoing Profit-Taking Could Slow Bitcoin's Move to Record High

Historical data suggests when the bitcoin circulating supply in profit is over 94% we tend to see a sell-off due to profit-taking.

Bitcoin: Realized Profit and Loss (Glassnode)

Markets

First Mover Americas: Bitcoin Recedes to $67K as Crypto Market Sees Slight Dip

The latest price moves in crypto markets in context for Oct. 17, 2024.

BTC price, FMA Oct. 17 2024 (CoinDesk)

Finance

Crypto Exchange Kraken Launches Wrapped Bitcoin Token kBTC

The token will be available on both Ethereum and OP Mainnet.

Kraken Crypto App

Markets

Coinbase Says Bitcoin Liquidity on Exchange Unfazed After SEC's Lawsuit Against Cumberland

Paris-based Kaiko pointed to a notable drop in 2% BTC market depth on Coinbase in a report early this week.

Coinbase CEO Brian Armstrong (CoinDesk)

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