Bitcoin

Bitcoin is a new electronic payment system that removes the need for third party financial institutions. It speeds up transactions while reducing costs and minimizing the potential for fraud. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.

Bitcoin’s concept was first introduced in 2008 when a person going by the pseudonym Satoshi Nakamoto shared a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” In January 2009, the Bitcoin blockchain was launched. 

A new electronic payment system called Bitcoin removes the need for third-party financial institutions. It speeds up transactions while reducing costs and fraud-risk. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.   

Bitcoin has a finite supply of 21 million, which is expected to be reached by the year 2140. Currently, 18.8 million are circulating in the market. Note that Bitcoin represents the concept of the network, while bitcoin (lower-case ‘b’) represents the currency.

Bitcoin is one of the most well-known cryptos as it was the first decentralized currency. 

Currently, BTC’s dominance is above 40%. Bitcoin Dominance is a measure of how much of the total market cap of crypto is made up of Bitcoin. Bitcoin’s influence in the crypto ecosystem could be vulnerable to competition as alternative coins grow in popularity and utility.

The funds came from a task scam that paid people to fake product sales and reviews, then demanded deposits before releasing their pay.

Scammer Lost $4.8M in Bitcoin to Tampered Ledger Wallets: Chainalysis

Plus, crypto majors rebound despite hot PPI and Saylor's Strategy is at risk of removal from a major index.

Morning Minute: Google Clears a Major Quantum Hurdle, Bitcoin Still Safe

Nine crypto companies launched the Quantum Alliance to jointly prepare for quantum attacks, but they disagree on when the threat will arrive and whether vulnerable BTC should be frozen.

Quantum Alliance forms amid warnings 6.4 million bitcoin face future quantum threat

A wallet tied to Hut 8 has pushed nearly 2,000 BTC toward exchanges and trading desks in seven days, emptying itself by early Friday. Following the Coins The trail starts in custody, and Arkham labelled the source addresses as Hut 8's Coinbase Prime custody wallets.

Hut 8 Funnels $161 Million in Bitcoin to Exchanges

Chainalysis says a fraudster who tricked people through fake online jobs became one of the biggest victims of the compromised hardware wallets.

Scammer gets scammed in Ledger spy-chip exploit, loses almost $5 million in bitcoin

Zcash

Crypto bounced a day after bitcoin's brief drop under $80,000, but investors kept pulling money from ether, SOL and ZEC funds.

Live updates: Bitcoin back above $82,000, ZEC jumps 11% as ETF outflows continue

The company attributed roughly €67.5 million ($75.9 million) of the loss to an additional bitcoin impairment charge.

Capital B posts wider H1 net loss of $78 million on bitcoin impairment charge

Big buyers caught bitcoin at $80,000 on Thursday, but Glassnode's order book data shows the bids under that level are getting thinner. A Day on the Order Book Glassnode posted a heatmap of resting orders on the Binance BTC/USDT spot book from Oct.

Bitcoin's $80K Safety Net Held Once but Glassnode Says It Is Eroding

Bitcoin tore back to $82,500 within two hours of dipping under $80,000, and chipmakers in Seoul recovered from their worst close since April.

Bitcoin buyers snap up a brief drop below $80,000 as Asian stocks rebound

Bitcoin developer Olaoluwa Osuntokun has unveiled Layertree, a proposal that could squeeze millions of bitcoin owners into a single blockchain output without surrendering control of their money. The catch? Bitcoin's existing rules don't yet allow the technology to work. One Bitcoin Output, Millions of Individual Owners On Oct.

New Tree-Based Bitcoin Scaling Proposal Targets Millions of Users

Dogecoin

Ethereum

Leading cryptocurrencies held on to their gains on Thursday as the market digested back-to-back hot inflation readings and higher chances of rate hikes.

Bitcoin, Ethereum, XRP Gain, but Dogecoin Slips Amid Spike in Rate Hike Odds: Analyst Says Everything Is ‘Fine' for BTC if It Trades Above This Key Level

Bitcoin prices recovered on Thursday, October 15, bouncing back as broader macro pressures and leveraged positions fueled gains.

Bitcoin Bounces Back As Macro Pressures And Leverage Fuel Gains

Russians have until July 1, 2027 to buy and sell crypto directly with each other. After that, every trade runs through a broker or exchange approved by the Bank of Russia.

Russia Will Soon Ban Peer-to-Peer Bitcoin Trading, Central Bank Confirms

Grayscale research shows that bitcoin's realized volatility is in the same range as a number of S&P 500 stocks.

Bitcoin's Volatility Has Fallen Within S&P 500 Ranks, Study Shows

Bitwise executive Matt Hougan says every path the AI economy could take, boom, bust or nothing dramatic at all, ends with Bitcoin (CRYPTO: BTC) higher. Hougan wrote in a Wednesday note that he's been fielding an unusually wide range of questions at conferences lately, from whether Fed rate decisions trigger a recession to whether AI leads to infinite abundance or human extinction.

Bitcoin Wins Whether AI Booms or Busts, Bitwise Exec Says: ‘All Roads Lead to Bitcoin'

Crypto liquidations topped $939 million in 24 hours as Bitcoin fell below $80,000 before rebounding, with longs making up 84% of the losses, CoinGlass said.

Crypto Liquidations Hit $939M in 24 Hours as Bitcoin Rebounds

Google has announced a major quantum computing breakthrough, demonstrating a technique that reduces errors by a factor of 40 and could help make powerful quantum computers more practical. The advance comes as researchers increasingly warn that future quantum machines could undermine the cryptography securing bitcoin and other digital assets.

Google Touts ‘Magic' Quantum Breakthrough as Bitcoin Q-Day Threat Looms

In a note to investors, Matt Hougan used a “Choose Your Own Adventure” framework to argue that superabundance, an AI bust or a muddle-through economy all ultimately funnel to the same place: Bitcoin higher.

Boom or Bust, Bitcoin Wins the AI Trade, Bitwise CIO Says

Bitwise Chief Investment Officer Matt Hougan argued in a Wednesday memo that BTC will rise whether AI delivers a boom, a bubble burst, or something in between.

Bitwise CIO Matt Hougan Says Every Macro Path Leads to Bitcoin

Bitcoin rebounded to $82,000 as the 10-year U.S. Treasury yield fell sharply to 5.09% after surging to 5.36% following yesterday's hotter-than-expected CPI report. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $82,061 Ethereum (CRYPTO: ETH) $2,435 Solana (CRYPTO: SOL) $105.95 XRP (CRYPTO: XRP) $1.34 Dogecoin (CRYPTO: DOGE) $0.08091 Shiba Inu (CRYPTO: SHIB) $0.055111 Notable Statistics: Coinglass data shows 173,758 traders were liquidated in the past 24 hours for $929.17 million.

Bitcoin at $82,000, Ethereum, XRP Stabilize on $1B Short Squeeze

Chainalysis research shows that the U.S. is HODLing hard.

US Hoovers up Bitcoin While the World Runs on Its Digital Dollars: Report

Even after FTX questions remain linked to roles of government and investors for seized crypto holdings

Bitcoin Seizures Are Raising A $5 Billion Question Linked To Who Should Benefit From The Gains

Bitcoin staged a rapid recovery Thursday, climbing back above $82,000 to trade slightly higher over 24 hours with a market cap near $1.65 trillion. BTC Rebounds Above $82K After CPI Volatility Bitcoin appeared to recover from a morning rout Thursday after it reclaimed $82,000 just hours after sliding below $80,000.

Bitcoin Price Rebounds Above $82K After Brief Dip Below $80K

Bitcoin mining difficulty is set to rise about 6.7% on Friday, the most since June, with BTC about 3% below the $85,000 JPMorgan estimates it costs to mine.

Bitcoin Mining Difficulty Set for Biggest Jump Since June as Price Trails Production Cost

Solana

Bitcoin (CRYPTO: BTC) rebounded to $82,000 after dipping below $80,000 on Thursday, while several major altcoins flashed technical buy signals. Where Bitcoin's Liquidation Clusters Sit Glassnode posted on X that Bitcoin is sitting on support, but a large cluster of long liquidations sits just below current levels, with another cluster near $75,000.

News for Bitcoin Crypto (BTC)