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

Metaplanet Buys Another 1,004 Bitcoin, Lifts Holdings to Over $800M Worth of BTC

The average purchase price for this latest tranche was $103,873 per bitcoin, according to a Monday disclosure.

Tokyo, Japan (Jaison Lin/Unsplash)

Markets

Bitcoin Nears Golden Cross Weeks After 'Trapping Bears' as U.S. Debt Concerns Mount

BTC nears golden cross, as Moody's downgrade validates bond markets' concerns about the sustainability of the U.S. fiscal debt.

BTC nears bullish golden cross. (Pixabay)

Markets

Over $5B Pouring into Bitcoin ETFs – Thanks to Bold Directional Bets

The 11 spot ETFs have attracted over $5.61 billion since early April, according to SoSoValue.

Directional bets drive inflows into bitcoin ETFs. (kalhh/Pixabay)

Policy

Alabama Man Sentenced for Hacking SEC’s Social Media to Post Fake Bitcoin ETF News

The hack in January 2024 briefly sent bitcoin’s price surging $1,000 before crashing back down minutes later.

U.S. SEC headquarters in Washington (Jesse Hamilton/CoinDesk)

Markets

Crypto Miners Soar on OpenAI-CoreWeave Deal; Galaxy Jumps in Nasdaq Debut

Asset prices across markets largely shrugged off surging Inflation expectations, with crypto prices consolidating sideways.

OpenAI's Sam Altman, who has proposed Universal Basic Compute as a fix for automation-driven global equality. (Village Global/Flickr)

Markets

Bitcoin Adoption News: Top Win Rebrands, Steak N Shake Accepts BTC, Galaxy's Nasdaq Debut

Galaxy Digital shares started trading on Nasdaq today, but the listing will have to jostle for the crypto sphere's attention.

Heading of Bitcoin Whitepaper

Finance

CoinDesk Analyst Advises UK Crypto Firm to Set Up Bitcoin Treasury

Coinsilium raised £1.25 million to help establish the BTC treasury, amid record trading volume.

UK-based Coinsilium to set up bitcoin treasury (Cj/Unsplash+)

Markets

Wisconsin Sells Entire $350M Spot Bitcoin ETF Stake

The move came after the state investment board doubled its exposure to spot bitcoin ETFs late last year as markets fell.

Wisconsin sign

Markets

Bitcoin Bulls Face $120M Challenge in Extending 'Stair-Step' Uptrend

BTC has chalked out a controlled stair-step price rally from $75,000 to $104,000.

The marble staircase at the Palace of Justice of Brussels. (LVER/Pixabay)

Markets

Bitcoin Holds Above $100K, Altcoins Slide as Analyst Sees Crypto Rally Into Summer

After testing the $100,000 level early Thursday, bitcoin reversed to above $103,000.

Bitcoin (BTC) price on May 15 (CoinDesk)

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