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 Little Changed This Week as Broader Crypto Gauge Sheds 1.6%

The theme of relatively flat prices continued as July turned to August.

(Getty Images)

Finance

Miami Mayor Francis Suarez to Accept Presidential Campaign Donations in Bitcoin

The move is part of a "process of developing technologies that are going to create democratizing opportunities for wealth creation," Suarez said in an interview on CoinDesk TV on Friday.

Miami Mayor Francis Suarez will accept bitcoin donations for his presidential campaign. (CoinDesk TV)

Finance

U.S. Added 187K Jobs in July, Missing Estimates for 200K, Bitcoin Slips to $29,100

The unemployment rate fell to 3.5% versus forecasts for 3.6%.

(Unsplash)

Markets

Bitcoin Holdings on OTC Desks Decline 33%: Glassnode

Over-the-counter desk balances are widely considered a proxy for institutional activity. Still, caution is warranted when drawing conclusions.

BTC OTC desk balance (Glassnode)

Markets

Crypto Options Volume on CME Rose to Nearly $1B in July: CCData

The increase suggests that institutions might be hedging their positions.

(Shutterstock)

Policy

ProShares, Bitwise File for Bitcoin and Ether ETFs

If approved, the fund will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts."

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

Markets

First Mover Asia: Bitcoin Remains Calm Above $29.1 K, but Is Higher Volatility in Its Future?

PLUS: A decrease in bitcoin supply active a year ago indicates that long-term holders have reduced their bitcoin exposure. Is hodling starting to wane?

Bitcoin's monthly chart (CoinDesk Indices)

Markets

Bitcoin Wobbles at $29K as XRP Leads Altcoin Losses; SHIB, Helium Gain

Cryptocurrency markets sold off Friday afternoon as equity markets gave up early gains and closed the day in red.

Bitcoin returns to $29K (CoinDesk Indices)

Markets

Bitcoin Remains Unmoved by Rise in Jobless Claims, Treasury Rates

Treasury yields hit 10-year highs, sounding a note of potential caution for risk markets, cryptocurrencies, but bitcoin continued to be unstirred by macro events.

(Getty Images)

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