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

CME on the Cusp of Replacing Binance as Top Bitcoin Futures Exchange

With a notional open interest (OI) of $3.54 billion, CME is now the second-largest bitcoin futures exchange.

(Shutterstock)

Markets

Bitcoin's 14% Weekly Gain Signals 'End of an Era' as Big Tech Dumps, Analyst Says

Bitcoin's advance this week coupled with gains across all digital asset sectors, highlighting the breadth of the crypto rally.

BTC price on Oct. 27 (CoinDesk)

Policy

Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'

Dozens of mining firms came to Washington to steer the policy narrative away from negative environmental claims and make a case for mining as an economic and security boon.

Perianne Boring, CEO of the Chamber of Digital Commerce, led a group of crypto miners to meetings with members of the U.S. House of Representatives this week. (Scott Moore/Shutterstock/CoinDesk)

Markets

Bitcoin Catches Market Cap of Elon Musk's Tesla Amid ETF-Fueled Rally, but Traders Cautious Ahead of Fed Meeting

The Fed is widely expected to hold rates steady next week but traders will be watching for signals about future policy moves.

Elon Musk (Daniel Oberhaus/Flickr)

Videos

Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10

The SEC decided not to appeal its court loss against Grayscale, which means GBTC’s conversion to a spot BTC ETF is likely on its way. And multiple spot Bitcoin ETF applications appear to be inching closer to approval. James Seyffart, market analyst at Bloomberg Intelligence, and Matt Hougan, chief investment officer at Bitwise Asset Management, feel quite certain a spot Bitcoin ETF will launch in the next few months.

Unchained

Markets

First Mover Americas: Bitcoin and Ether Options Activity Hits $20B

The latest price moves in crypto markets in context for Oct. 26, 2023.

GMX tokens are serving as a proxy bet for Arbitrum investors. (Jason Briscoe/Unsplash)

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