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

Valkyrie Counters BIS, Says Concern on Bitcoin ETF Front-Running Is Misplaced

Bitcoin’s volatility makes front-running the ETF monthly rolls unviable, one observer said.

Bitcoin CME futures: Longer-dated contracts draw higher prices than short-dated ones (TradingView)

Markets

First Mover Asia: Crypto Rally Fizzles Amid Widespread Inflationary Concerns

Bitcoin falls along with major stock indexes; spot trading volume is sluggish.

Crypto's still in a bear market. (Christof Koepsel/Getty Images)

Markets

Market Wrap: Altcoins Outperform as Ether Rises Toward $4K

Bitcoin was down about 2%, while ether was roughly flat over the past 24 hours compared with a 4% rise in SOL and a 7% rise in LUNA.

Bitcoin dominance rate declined as altcoins outperformed (Damanick Dantes/CoinDesk, TradingView)

Layer 2

Behind the Scenes of El Salvador’s Bitcoin Bond With the Man Who Designed It

Samson Mow reveals the fast-moving process behind a radical financial experiment.

Construction workers, who are paid in Bitcoin, work on a building outside the Bitcoin Beach office in El Zonte, El Salvador, on Monday, June 14, 2021. El Salvador has become the first country to formally adopt Bitcoin as legal tender after President Nayib Bukele said congress approved his landmark proposal.

Markets

Bitcoin Oversold Near $46K Support; Resistance at $55K

The cryptocurrency could see a brief price bounce, although sellers remain in control.

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

Policy

It Can’t Be ‘Decentralization or Bust’

Decentralization seems to describe a simple concept, but defining it and determining why it matters and how to regulate it is challenging.

Binance to Ditch Decentralized HQ Concept?

Markets

Bitcoin Holds Steady as BOE Hikes Interest Rate, ECB to Reduce Crisis-Era Stimulus

Institutional interest is prevalent and whales are buying bitcoin during this correction, one analyst said.

ECB image via Shutterstock

Finance

India’s Biggest Crypto Exchange Saw 17-Fold Jump in Trading Volume in 2021

Crypto adoption is booming in semi-urban and rural areas of India despite lingering regulatory deadlock.

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