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

Onramp and Arch Launch Bitcoin-Backed Lending Service

The new lending product allows Bitcoin holders to access liquidity without selling their assets.

CoinDesk

Markets

Strategy Set for Another $2B in Bitcoin Buying Power as it Prices Latest Capital Raise

The convertible note offering is expected to close tomorrow.

Michael Saylor at Bitcoin 2024 in Nashville, Tennessee

Tech

Blockchain Bridging Protocol LayerZero to Connect With Bitcoin Sidechain Rootstock

Rootstock's aim is to end Bitcoin's "isolation" from other chains due to its lack of native smart contracts.

Tree roots (StockSnap/Pixabay)

Markets

Metaplanet Now Holds 2,100 Bitcoin, Purchases 68 More BTC

Metaplanet reaches a milestone of 0.01% of the total bitcoin supply.

FastNews (CoinDesk)

Markets

Bitcoin Could Drop to $86K as Demand, Network Activity Falter: CryptoQuant

Bitcoin entered the final stretch of its weekly cycle and could bottom soon, a well-followed trader said.

Risks of a deeper pullback are growing for BTC (mana5280/Unsplash)

Markets

Bitcoin Rewards App Fold Volatile in Wall Street Debut

The firm, which holds 1,000 BTC, went public on the Nasdaq Wednesday via a SPAC merger.

Fold bitcoin reward app (Fold)

Markets

Bitcoin Not to Be 'Lumped Together' With Crypto: Czech Central Bank Chief Michl

Ales Michl had previously proposed the Czech National Bank consider bitcoin as a reserve asset.

Czech National Bank's Ales Michl

Markets

Semler Scientific Q4 EPS Jumps to $3.64 After Marking Up Bitcoin Holdings

The medical-devices company currently holds 3,192 bitcoin after boosting its holdings earlier this month.

Bitcoin, Semler Scientific

Markets

Strategy Raising Another $2B to Buy More Bitcoin

The price of bitcoin rose modestly as the news hit just after the U.S. stock market close on Tuesday.

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

Markets

Bitcoin Slumps Below $94K, but One Analyst Says $500K Forecast Remains in Play

Recent U.S. regulatory filings are show a broadening in the base of buyers for bitcoin ETFs.

Crypto plunges in quick fashion (Unsplash)

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