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

First Mover Asia: Crypto Market Is on ‘Standby’ as Release of June Inflation Data Nears

PLUS: Chinese Yuan-backed stablecoins are an impossibility.

Bitcoin daily chart. (CoinDesk Indices)

Markets

Bitcoin Quiets Down in July After a Tumultuous First Half of 2023

While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.

Bitcoin's price has been in the doldrums. (Pixabay)

Finance

Tim Draper Still Thinks Bitcoin Can Reach $250K – Just 2 Years Later Than He Expected

The billionaire investor predicted that the cryptocurrency would reach $250,000 by June 2023, but he said he wasn’t expecting the U.S. to be so aggressive in its enforcement actions.

Tim Draper during the opening day of Web Summit 2018 at the Altice Arena in Lisbon, Portugal (Photo by Seb Daly/Web Summit via Getty Images)

Opinion

The Big Robert F. Kennedy Jr. Bitcoin Nothingburger

The candidate isn’t necessarily biased just because he owns BTC.

US presidential candidate Robert F Kennedy Jr.

Finance

BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level

An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address.

BlackRock HQ

Markets

First Mover Americas: GBTC Discount Narrows to Lowest Since May 2022

The latest price moves in crypto markets in context for July 11, 2023.

Grayscale CEO Michael Sonnenshein (CoinDesk)

Markets

Marex Unveils Bitcoin, Ether-Linked Long Strategy With Dollar Index as Hedge

"The dollar index futures act a robust complement to the long-only portfolio from both a thematic and empirical perspective," Marex's Mark Arasaratnam said.

Dollar rate (geralt/Pixabay)

Markets

Bitcoin NFTs Back in Spotlight as Ordinals Cross 350K Daily Inscriptions

Bitcoin Ordinals, a method of generating non-fungible tokens (NFTs) through a process called inscribing, debuted in January, bringing the NFT and smart contract narrative to the Bitcoin blockchain.

Ordinals inscriptions: new count (Glassnode)

Markets

Crypto Catalyst Watch: June CPI, PPI Readings Hold the Spotlight

The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month.

(Getty Images)

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