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



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Coinbase Backs NYSE Arca’s Push for Grayscale Bitcoin Trust Conversion to ETF

In a letter to the U.S. Securities and Exchange Commission (SEC) Tuesday, crypto exchange Coinbase urged the agency to approve NYSE Arca’s application to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF). CoinDesk’s Nikhilesh De discusses the potential outcomes and the likelihood of the first U.S. bitcoin spot ETF being approved.

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GlobalBlock CEO: ‘$500K Bitcoin in 5 Years’

GlobalBlock CEO Rufus Round discusses his bullish outlook for bitcoin as he maintains the cryptocurrency could blast beyond $500,000 per coin in the next five years and $75,000 per coin before 2022.

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Bitcoin Whales Buying the Dip During Market Correction

Since bitcoin’s all-time high of $69,000, Bitcoin Purpose ETF has added over 6,300 bitcoins in assets under management, representing an over 26% increase in coin holdings. New data reveals institutional interest is prevalent at these prices, and whales are buying up bitcoin supply during this correction.

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8 Trends That Will Shape Bitcoin Mining in 2022

CoinDesk’s first-ever year-end survey of crypto miners reveals a competitive but mature business with the potential for merger activity to accelerate. CoinDesk Managing Editor of Technology Christie Harkin breaks down the findings, sharing insights into the top trends that will shape the bitcoin mining industry in 2022.

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Bitcoin's Supply Getting Tighter?

Fred Pye, CEO of Canadian crypto fund manager 3IQ Digital Assets, discusses his outlook for bitcoin and the wider crypto markets amid central banks around the world beginning to taper pandemic-era stimulus. "We're definitely rangebound, but ... what we do know is the supply is getting tighter and tighter," Pye said. Plus, the state of bitcoin ETFs in Canada.

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Bitcoin’s Decline Suggests Fed’s Hawkish Policy Shift Is Priced In

Bitcoin appears to have digested the U.S. Federal Reserve's impending hawkish, or anti-inflation, policy adjustment with a significant decline in recent weeks. Analysts said the cryptocurrency could see a relief rally after the Fed decision, due later Wednesday. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Valkyrie Launches ETF to Track Bitcoin Balance Sheet Stocks

Crypto manager Valkyrie has launched a new exchange-traded fund (ETF). Balance Sheet Opportunities ETF, trading as VBB on Nasdaq, ​invests in companies with big bitcoin bags, but steers clear of bitcoin futures, sticking only to equities that invest in the coin. Valkyrie CEO Leah Wald shares insights into the ETF and hopes for a bitcoin spot ETF in the U.S.

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