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.

Institutional ownership and changes in crypto financing may reduce bitcoin's vulnerability to severe downturns, Siebert Financial analyst Brian Vieten argues. He sees expanding stablecoin payments as a catalyst for the cryptocurrency's next advance.

Analyst Sees Bitcoin Beyond $175K as Market Structure Shifts

Dogecoin

Ethereum

Leading cryptocurrencies sank alongside stocks on Wednesday as higher-than-expected consumer inflation raised rate hike odds. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:28 p.m.

Bitcoin, Ethereum, XRP and Dogecoin Slide After Hotter-Than-Expected CPI: Analyst Says 'Decisive' BTC Breakout Soon

Bitcoin could advance toward $90,000 once near-term economic uncertainty clears, according to 21shares strategist Matt Mena. He points to last week's selling and historically positive returns after hotter core inflation prints as support for his outlook.

21shares Strategist Sees Bitcoin Path to $90K After Hotter CPI Report

Bitcoin slipped toward $80,000 after a hot CPI print, but the real pull on its direction is investors' six-month to two-year cost-basis levels

Which Way Will Bitcoin Break? Cost-Basis Levels May Hold the Answer

Nasdaq-listed Strive bought 2,822 BTC for about $235M on Oct. 12-13 and reported $369.2M in expected warrant proceeds, taking holdings to about 35,595 BTC.

Strive Buys 2,822 Bitcoin, Reports $369M in Expected Warrant Proceeds

Aave

A formal Aave Request for Comment (ARFC) has been published on the Aave governance forum proposing the integration of native Bitcoin as collateral for Aave V4.

Aave Governance Proposes Native Bitcoin Collateral Integration for V4 via Babylon Trustless Vaults

'The White House Is Exploring Ways To Acquire Bitcoin Through Existing Federal Government Fund Inflows To Expand The U.S. Strategic Bitcoin Reserve' - Binance

The Bureau of Labor Statistics said core inflation held at 2.6% as oil jumped 9.1%, with futures markets pricing near-even odds of an October Fed hike.

Hot September CPI Pushes Bitcoin Below $82K as Fed Odds Shift

Sberbank now holds both custody and exchange status under Russia's new crypto law, and plans to bring Bitcoin, Ethereum and USDT to apps used by 110 million retail clients.

Russia's Biggest Bank Sberbank Wins Approval to Trade Bitcoin

Standard Chartered will let eligible UAE clients trade Bitcoin and Ether directly through their bank accounts, under a VARA license and with Zodia Markets.

Standard Chartered Launches Bitcoin, Ethereum Trading for Affluent UAE Clients

On Wednesday, the banking giant managing nearly $1 trillion in assets, Standard Chartered, revealed it is making new moves inroads in the United Arab Emirates (UAE). The bank explained that it is making it possible for wealthy clients in the UAE to buy and sell bitcoin and ether directly through their regular bank accounts.

Standard Chartered Brings Bitcoin Trading and Custody to Affluent UAE Clients

Bitcoin (CRYPTO: BTC) fell to $82,000 Wednesday as hotter-than-expected U.S. inflation data fueled concerns over additional Federal Reserve rate hikes. U.S. headline CPI accelerated to 3.7% year-over-year, exceeding the 3.6% consensus estimate and rising from the previous 3.4% reading.

Bitcoin Dips to $82,000 on Inflation Scare: Where Does BTC Go Next?

Bitcoin holds near $81,500 after falling 2% over the past 24 hours as hotter-than-expected CPI data fueled expectations of further Federal Reserve rate hikes.

Bitcoin, Ethereum, XRP, Dogecoin Lose Over 2% in Cross-Market Selloff

Bitcoin's price tapped an intraday low of $81,500 per coin on Wednesday, Oct. 14, as hotter-than-expected U.S. inflation data rattled financial markets and triggered a wave of leveraged liquidations. Roughly $331 million in cryptocurrency positions vanished over 24 hours, with bullish traders absorbing most of the damage.

Bitcoin Price Slips as Saylor's Bull Market Call Meets Reality

The British bank won Dubai regulatory approval to let affluent clients buy BTC and ETH straight from their bank accounts, with custody and settlement kept in-house.

Standard Chartered Opens Bitcoin and Ethereum Trading to Wealthy UAE Clients

A British software engineer wants 324.8 BTC back from Bitmex, claiming the cryptocurrency exchange had no legal authority to offer him derivatives trading in the United Kingdom. His demand, worth approximately $26 million using today's exchange rates, targets more than 1,000 losing trades.

Bitmex Faces $26 Million Claim Over 1,053 Losing Bitcoin Trades

Coinbase, which says it safeguards roughly 5% of all bitcoin, has laid out the technical and operational hurdles bitcoin must clear before quantum-resistant security can become practical. Its message is clear: swapping in a new signature algorithm will not be enough.

Coinbase Maps Bitcoin's Quantum Risks While Safeguarding 5% of BTC

Bitcoin dropped below $82,000 after September's core CPI beat forecasts as analysts weigh price targets and an October hike.

Bitcoin falls below $82,000 as hotter core CPI revives Fed hike concerns

The service allows affluent clients to buy bitcoin via their bank accounts.

Standard Chartered Debuts Bitcoin Trading For Wealthy UAE Clients

In a detailed technical post, the exchange argued Bitcoin's multi-year migration to quantum-resistant cryptography must begin before any “Q-Day,” laying out requirements spanning block space, custody and dormant coins.

'It Can Take Years': Coinbase Presses for Bitcoin Quantum Migration to Start Now

Steve Neamtz of Yorkville America on what gold has that bitcoin is still building.

Crypto Long & Short: Why gold and bitcoin belong in the same portfolio

Strive just leapfrogged MARA in the corporate bitcoin rankings, snapping up another 2,822 BTC for $235 million, barely a day after revealing a $280 million purchase. The back-to-back buying spree pushed its holdings to 35,595 BTC, worth nearly $3 billion.

Strive Buys $235M in Bitcoin, Knocks MARA Out of Fourth Place

September CPI hit 3.7%, above forecasts, sending Treasury yields higher and dragging crypto down with stocks.

Bitcoin Falls as Hot Inflation Puts a Fed Hike Back on the Table

Bitcoin fell about 2% after hot US inflation data lifted the odds of an October Fed rate hike to 47%, a smaller drop than the Bitwise CIO had expected.

Why Did Bitcoin Only Fall 2% on Hot Inflation Data?

Strive acquired 2,822 bitcoin for $235 million following $369.2 million in gross proceeds from traditional warrant exercises.

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