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

Inverse Correlations, FOMC Action, and a Possible Spot Bitcoin Trust

Bitcoin and ether end the week higher, following the announcement of BlackRock’s Bitcoin trust application.

(Getty)

Opinion

BlackRock’s Bitcoin ETF Would Be a Big Deal

And it doesn’t really matter if it’s technically a trust.

BlackRock's corporate office in New York, New York. (Jim.henderson/Wikimedia Commons)

Markets

Bitcoin Recrosses $26.3K to Hit Highest Level in a Week Amid BlackRock Optimism

Markets surged for a second time in the less than 24 hours following the fund management giant’s announcement that it had filed paperwork for the formation of a spot bitcoin ETF.

Bitcoin daily chart (CoinDesk)

Finance

BlackRock May Have Found Way to Get SEC Approval for Spot Bitcoin ETF

The asset management giant included a surveillance-sharing agreement in its proposal, which could eliminate the risk of market manipulation related to bitcoin.

BlackRock headquarters in New York (Jeenah Moon/Bloomberg via Getty Images)

Markets

First Mover Americas: BlackRock Files for a Spot Bitcoin ETF

The latest price moves in crypto markets in context for June 16, 2023.

(Messari)

Markets

Bitcoin Shorts Lose $16M as BlackRock ETF Filing Sparks Bullish Outlook

Total crypto market capitalization rose, with dogecoin (DOGE) leading gains among major tokens.

(Getty)

Markets

First Mover Asia: Hong Kong as Crypto Hub? The City's Strict Banking Requirements May Be an Obstacle

A Hong Kong-based entrepreneur says that while the digital assets regulation is "overall friendly," banking regulations will make the industry's growth there difficult. ALSO: Bitcoin surges post-BlackRock iShares ETF filing but the rally sputters.

(Ruslan Bardash/Unsplash)

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