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

Podcasts

Crypto Update | Bitcoin ETPs Remain Hot, Nasdaq Halts Plan for Crypto Custody Service

By George KaloudisJul 19, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Finance

Bitcoin Miner Bitfarms Expands Operations in Paraguay After Securing 2 Hydropower Contracts

The company will be able to add up to 150 megawatts of energy capacity through the two agreements.

By Andrés EnglerJul 19, 2023

Bitcoin miners at work (Eliza Gkritsi/CoinDesk)

Markets

First Mover Americas: Investors Pile Into Bitcoin ETPs Following BlackRock ETF Filing

The latest price moves in crypto markets in context for July 19, 2023.

By Lyllah Ledesma, Omkar GodboleJul 19, 2023

Talos provides technology that supports digital asset trading to financial institutions. (Shutterstock)

Policy

RFK Jr. Vows to Back Dollar With Bitcoin, Exempt BTC From Taxes

The Democratic presidential hopeful also reiterated a May stance defending the right to self-custody bitcoin, run blockchain nodes at home and promising industry-neutral energy regulation.

By Camomile ShumbaJul 19, 2023

US presidential candidate Robert F Kennedy Jr.

Markets

First Mover Asia: Bitcoin Lingers Below $30K, While XRP Continues Its Rally

PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.

By James Rubin, Sam ReynoldsJul 19, 2023