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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
Total Institutional Activity in Blockchain and Crypto at Record High
A new report from KPMG reveals investment in blockchain and crypto in the first half of 2021 exceeded the total for each of the previous three years. This is a sign of the evolving nature of investors, with more institutional money flowing as awareness and knowledge of the space proliferates. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
eToro Exec: 'Crypto Is a Global Phenomenon'
Bitcoin is up 50% over three weeks on the back of strong institutional and retail demand. eToro US Managing Director Guy Hirsch discusses his long-term bullish assessment of bitcoin despite some suggesting the U.S. Senate's $1 trillion infrastructure bill could be bearish for crypto. "Crypto is a global phenomenon," Hirsch said. "Even if the world's only superpower, the U.S., is taking some adverse measures against the industry... this is a global market, and overall, things are looking optimistic." Plus, the latest with eToro's expansion in Miami.
What’s Behind Bitcoin’s Price Movement?
CoinDesk Director of Data and Indexes Galen Moore discusses the impact of whale movements, signals, and behaviors in the bitcoin market as BTC is now up over 59% year to date. Plus, his reading of trading activity in stablecoin tether and outlook for crypto regulation.
‘Bitcoin Is A Rocket Ship,’ Says Tech Industry Veteran
Guy Gotslak, President & Co-Founder of crypto investment platform My Digital Money, discusses bitcoin’s next move as it remains in a long-term uptrend. “We might see a little resistance, but I believe long-term, it’s a rocket ship,” Gotslak said. Plus, why he doesn’t think crypto regulation has a significant impact on market activity.
Coinbase Posts $1.9B in Q2 Transaction Revenue, Beating Estimates
Coinbase posted $1.9 billion in transaction revenue in the second quarter of 2021, surpassing analyst estimates for $1.57 billion in its second-ever earnings report as a public company. The crypto exchange also noted ether was traded more than bitcoin in Q2 for the first time. CoinDesk's Nate DiCamillo digs into the report and reveals about the outlook for Coinbase and the wider industry. Plus, his insights into the latest Consumer Price Index (CPI) numbers.
'Bitcoin's Going to 7 Figures', Says Crypto Trader
Crypto Trader Scott Melker discusses his bullish outlook for bitcoin as it climbs 20% over the past week, despite some claiming the U.S. Senate's $1 trillion infrastructure bill could be bearish for the crypto markets. "Well, [the] price hasn't reacted bearishly," Melker said. "Bitcoin's going to seven figures. It's going to be a multi-million dollar figure."
Bitcoin Upside Stalls, Lower Support at $38K-$40K
Bitcoin is roughly flat over the past 24 hours as the rally near $45,000 appears exhausted. Short-term overbought signals could encourage profit-taking, although buyers will likely return around the $38,000 to $40,000 support zone. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
AMC Will Soon Accept Bitcoin for Tickets and Concessions
AMC Entertainment Holdings, America's largest movie theater chain, will begin accepting bitcoin payments for tickets and concessions by the end of the year, CEO Adam Aron said on Monday's Q2 earnings call. "The Hash" squad discusses the practicality of AMC embracing crypto and whether it is just a play to appease its online fan community by way of Reddit's Wall Street Bets movement.
Bitcoin Blasts Through $46K as Senate Poised for a Final Vote on $1T Infrastructure Bill
VictoryShares and Solutions President Mannik S. Dhillon discusses his assessment of bitcoin jumping to a three-month high of $46,000 and whether this price rally is likely to sustain, despite some saying the U.S. Senate's $1 trillion infrastructure bill could have disastrous implications for the crypto industry if formally introduced as is. "Bitcoin getting the attention of lawmakers is a great thing for the asset class," Dhillon said.
Sen. Lummis Presents New Amendment to $1T Infrastructure Bill on Senate Floor
Sen. Cynthia Lummis (R-Wyo.) discusses the compromise amendment to a contentious crypto provision in the $1 trillion infrastructure bill she presents on the Senate floor Monday afternoon. “What we tried to do with this amendment is to remove some of the unintended consequences of the definition of “broker,” Lummis said.