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 Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points

The U.S. central bank has indicated it will begin cutting the fed funds rate at its mid-September meeting, but the size and speed of the easing cycle is up for debate.

Bitcoin falls despite coming rate cuts (Unsplash)

Finance

Crypto for Advisors: Bitcoin and Gold, Stores of Value

The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept.

(Alex Shuper/Unsplash+)

Markets

First Mover Americas: BTC Erases Gains From Wednesday's Brief Rally

The latest price moves in crypto markets in context for Sept. 5, 2024.

BTC price, FMA Sept. 5 2024 (CoinDesk)

Markets

Bitcoin Retraces Below $57K as 'Sell-on-Rise' Action Continues

Crypto weakness may be a red flag for traditional risk assets, one analyst said.

BTC's price bounce. (CoinDesk).

Markets

Bitcoin Posts Negligible Bounce, but Extreme Fear Suggests Larger Rebound in Store

The Crypto Fear & Greed Index has plunged to levels that previously have presaged a sizable move higher in bitcoin prices.

(Art Institute of Chicago/Unsplash)

Tech

Protocol Village: Food DePIN Bistroo Moves to Peaq, ApeChain Releases 'The Blueprint'

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 29-Sept. 4.

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

Finance

Switzerland’s Fourth-Biggest Bank ZKB Offers Retail Customers Bitcoin and Ether

ZKB’s new service also allows other Swiss banks to offer customers the trading and custody of cryptocurrencies, with Thurgauer Kantonalbank being the first partner bank to use the service.

(Shutterstock)

Markets

First Mover Americas: Bitcoin Drops to Lowest Since August as U.S. Stocks Slide

The latest price moves in crypto markets in context for Sept. 4, 2024.

BTC price, FMA Sept. 4 2024 (CoinDesk)

Markets

Illiquid Bitcoin Is Now Record 74% of BTC's Circulating Supply. That's Bullish

According to ETC Group, the new high is a sign that the halving-induced supply shock is intensifying.

BTC illiquid supply. (ETC Group, Glassnode)

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