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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
Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin
The firm bought over 12K bitcoin for $347 million in the last two months.
Crypto Miners Sent Over $1B Bitcoin to Exchanges Over Two Weeks: CryptoQuant
Miners usually sell bitcoin at favorable prices to keep their extensive computing operations running.
Bitcoin Bulls Getting Ready for Seasonal Surge: Matrixport
The largest cryptocurrency by market cap tends to rally in the month of July, the report said.
First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’
ALSO: Singapore ranked second in CoinDesk's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again.
As Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets
The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets.
Jack Dorsey Questions Apple's Tim Cook Over Bitcoin Support as Damus Deplatforming Looms
The former Twitter CEO posted a tweet asking Cook why Apple Pay doesn’t support Bitcoin, following the news that the smartphone maker was threatening to eject the Bitcoin-friendly app Damus from the App Store.
First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut
The ETF saw about $500K worth of trades in the first 15 minutes.
Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report
Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.
Bitcoin Prices Topping $31.9K Would Confirm Long-Term Bullish Bias: Fairlead Strategies
The Ichimoku cloud, created by Japanese journalist Goichi Hosoda in the late 1960s, is used by traders and analysts to monitor momentum and trend direction.
