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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
Bitcoin Tops $47K, Ether and Grayscale's GBTC Jump After SEC Approves Spot Bitcoin ETFs
Now, attention turns to how much demand these investment vehicles will attract.
Protocol Village: EOS Network Ventures Invests $2.4M in NoahArk Tech Group
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Jan. 4-10.
Bitcoin ETF Chaos Memorialized on Blockchain, With Nod to 'Chancellor on the Brink' Reference
Jokester pays $2.97 to record the one-liner "SEC Chairman on the brink of second ETF approval" on the blockchain.
First Mover Americas: Ether, Lido DAO, Arbitrum Gain on Possibility of ETH ETF
The latest price moves in crypto markets in context for Jan. 10, 2024.
BTC Supply in Profit Nears 90% as Price Rallies on Expected Bitcoin ETF Approval
Just under half of the bitcoin supply was in profit at the start of last year.
Bitcoin Traders Seek Protection From Price Declines as ETF Deadline Looms: Deribit
Puts are overbought and calls [are] being sold, Deribit's CCO Luuk Strijers told CoinDesk, noting the decline in the bitcoin implied volatility index.
Fake Bitcoin ETF Approval Tweet Causes $90M in Liquidations
Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. It then fell as low as $45,400 as the tweets were found to be fake.
Bitcoin Jumps, Then Dumps to $45K as Fake News About Spot Bitcoin Approval Liquidates $50M
The immediate price reaction showed that bitcoin's price might be capped if a real approval arrives, one analyst noted.
Spot Bitcoin ETF Approval Will Trigger 'Selling Pressure' on CME Futures Market: K33
Bitcoin futures' open interest on the Chicago Mercantile Exchange surged to an all-time high Tuesday as institutions piled into the asset, speculating on a spot bitcoin ETF approval.
