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's Unique Volatility Profile in Focus as VIX and MOVE Spike

Bitcoin's implied or expected volatility remains positively correlated with its price as traditional market fear gauges spike amid broad-based risk aversion.

(sergeitokmakov/Pixabay)

Finance

Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says

Miners will be faced with substantial cost increases as a result of the halving, with electricity and bitcoin production costs almost doubling, the report said.

(Hitesh Choudhary/Unsplash)

Markets

Bitcoin Layer 2 Coins, STX, ELA, SAVM, Outperform BTC After Halving

Top Bitcoin Layer 2 coins have risen 5% to 20% since halving, leaving BTC behind, according to data source CoinGecko.

STX's price. (CoinDesk)

Markets

Bitcoin Transaction Fees Come Crashing Down Post Halving

After the halving, fees spiked to $146 for a medium-priority transaction and $170 for a high-priority transaction.

(data.hashrateindex.com)

Finance

Grayscale's Planned Mini Bitcoin ETF Will Have a 0.15% Fee, the Lowest Among Spot Bitcoin ETFs

Grayscale said it will contribute 10% of Grayscale Bitcoin Trust (GBTC) assets to the Bitcoin Mini Trust.

Grayscale advertisement on stairs (Grayscale)

Markets

Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving

Bitcoin had slumped to as low as $59,685 on Friday morning, then rebounded heading into the event.

BTC chart (CoinDesk data)

Tech

The Bitcoin Halving Is Here, and With It a Giant Surge in Transaction Fees

The launch of Casey Rodarmor's new Runes protocol sent fees surging as users rushed to etch new digital tokens that can be launched atop the Bitcoin blockchain.

Screenshot of livestreamed watch party hosted by Tone Vays (YouTube)

Consensus Magazine

Bitcoin Pioneer Hal Finney Posthumously Wins New Award Named for Him

The Human Rights Foundation has set aside 33 bitcoin to honor individuals who contribute to Bitcoin's advancement.

(Hal Finney)

Markets

Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound

IntoTheBlock data shows that the largest bitcoin investors added nearly 20,000 BTC to their holdings as the top crypto briefly buckled below $60,000 on fears of military escalation between Iran and Israel.

Whales feeding (Shutterstock)

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