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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.

Republican Senator Cynthia Lummis, a staunch supporter of cryptocurrency, recently grabbed the crypto community's attention with a cryptic post. On Monday, she posted on X, "₿ig things are in store this week.

Bitcoin As A Reserve Asset? Senator Cynthia Lummis Fuels Speculation

The State of Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK 21Shares Bitcoin ETF , it disclosed in a regulatory filing on Friday.

Michigan state pension fund makes $6.6 million bitcoin ETF investment

“I want to hear [Trump] give a bold statement on the future of crypto and spark up what we all want," one person said.

Trump Speaks Saturday at the Bitcoin Conference. Here's What Attendees Like 'The Crypto Patriot' Hope He Says.

The Bitcoin emoji hashtag on Twitter is no more, just days after Elon Musk said he pushed to kill the broader feature.

So Long Bitcoin Hashtag Emoji: Elon Musk Axes 'Special' Hashtags on Twitter

The Executive Chairman of MicroStrategy spoke Friday at Bitcoin 2024.

Bitcoin to Account for 7% of Global Wealth, Be Worth $13M in 21 Years: Michael Saylor

Bitcoin (BTC) is in an accumulation phase, according to the chief executive of CryptoQuant. Ki Young Ju tells his 356,900 followers on the social media platform X that 358,000 BTC moved to permanent holder addresses in the past month. The CEO notes global spot exchange-traded (ETF) inflows in July were only 53,000 BTC.

Bitcoin Whales Accumulating BTC at ‘Unprecedented Level,' According to CryptoQuant CEO

A widely followed crypto analyst says that Bitcoin (BTC) could have further upside after rebounding off a major support zone. In a new strategy session, crypto trader Rekt Capital tells his 483,300 followers on the social media platform X that the crypto king could shoot up past $71,000 over the Labor Day weekend.

Bitcoin Could See More Upside After Bouncing From Major Support Zone, According to Trader – Here Are His Targets

According to the latest U.S. Securities and Exchange Commission (SEC) 13-F filing from Ark Invest's and 21shares' ARKB fund, the State of Michigan Retirement System (SMRS) acquired approximately $6.59 million in ARKB shares.

Michigan Retirement System Invests $6.59M in Ark Invest's Bitcoin Fund

VP Harris' team reaches out to crypto, bitcoin gains ahead of Trump speech, BlackRock says there won't be a "long list" of crypto ETFs and more.

The Daily: Kamala and crypto, Bitcoin's price surge, ETHE, Ledger Flex and more

Former U.S. President Donald Trump is set to speak for 30 minutes onstage at Bitcoin's biggest gathering. Here's what you need to know.

What to Expect From Trump's Bitcoin Nashville Speech

Bitcoin (BTC) is poised for substantial price increases in the coming years, according to a recent survey by Finder. The survey, conducted in July 2024, gathered insights from 32 crypto industry specialists, predicting that bitcoin could reach $87,169 by the end of 2024 and surge to $383,514 by 2030.

Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

Ethereum

Crypto trader and analyst CrediBULL Crypto predicts a possible downturn for Ethereum (CRYPTO: ETH), while Bitcoin (CRYPTO: BTC) demonstrates strength. What Happened: CrediBULL Crypto noted that Ethereum is halfway to its downside target, while Bitcoin is showing obvious strength against the altcoin.

Bitcoin Showing 'Obvious Strength Against Ethereum,' Trader Foresees 'Major Opportunity' Ahead Of $100K

A recent rumor about Vice President Kamala Harris considering an appearance at Bitcoin 2024, a major industry conference, has sparked discussions about a possible shift in the Democratic party's approach to crypto. What Happened: While the rumor was ultimately debunked, sources close to the matter told Fortune that Harris' team had given the invitation “serious consideration.

Vice President Kamala Harris Reportedly Gave Bitcoin Conference 'Serious Consideration'

The price of Bitcoin (BTC) has continued its upward trend after falling above the $64,000 support level on July 25.

Bitcoin Begins Ascent But Faces The Barrier Of $68,000

The New Jersey gubernatorial candidate told The Block he is investing in bitcoin ETFs to counter the increasing cost of living.

Jersey City mayor and NJ gubernatorial candidate Fulop sees bitcoin as an ‘inflation hedge'

The crypto industry is closely watching to see how a potential Kamala Harris presidency might impact bitcoin and the wider crypto sector.

How a Kamala Harris presidency might impact bitcoin and the wider crypto sector

Based on Thursday's data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday's increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock's IBIT, although the amount would have been higher if not for the reduction seen by Grayscale's GBTC.

US Bitcoin ETFs Report $31.16M Inflows on Thursday

Digital asset technology company Marathon Digital (MARA) is stocking up its Bitcoin (BTC) holdings. In a statement, the Florida-headquartered firm says it just bought $100 million worth of the flagship cryptocurrency and currently holds over 20,000 BTC on its balance sheet, which is currently worth over $1.3 billion.

Bitcoin Mining Giant Marathon Digital Buys $100,000,000 Worth of BTC, Announces New ‘Full HODL' Strategy

Rootstock verified the SNARK using BitVMX, which is Rootstock's modified version of BitVM

Bitcoin Layer 2 Rootstock Verifies Zero-Knowledge SNARK

The Michigan agency follows the State of Wisconsin Investment Board and Jersey City in adding spot bitcoin ETF as a pension fund investment.

State of Michigan Retirement System owns nearly $6.6 million worth of ARKB spot bitcoin ETF

Emojis associated with Bitcoin (CRYPTO: BTC) and other cryptocurrencies have disappeared from the Elon Musk-owned social platform X (formerly Twitter), which is home to some of the largest active crypto communities. What Happened: The removal of these emojis was not announced by X's social media accounts or press pages as of Friday morning in Europe.

Elon Musk's X Axes Bitcoin, Crypto Emojis From Hashtags

Mezo, a Bitcoin scaling network built by venture studio Thesis, has raised $7.5 million in a strategic funding round.

Bitcoin scaling network Mezo raises $7.5 million in new funding

Before former President Donald Trump's appearance at the Bitcoin 2024 conference in Nashville, the price of bitcoin (BTC) climbed to an intraday peak of $67,991 per unit. This increase led to the liquidation of approximately $55.21 million in bitcoin short positions, out of a total of $79.

Bitcoin Peaks at $67,991 Ahead of Trump's Bitcoin Conference Appearance

The ongoing Bitcoin 2024 conference, one of the largest gatherings in the cryptocurrency industry, is once again highlighting the persistent gender imbalance in the sector. What Happened: According to data compiled by DL News, only about 13% of the conference's speakers are female-presenting, a decrease from approximately 17% five years ago.

87% Of Bitcoin Conference Speakers Are Men — Why Are There So Few Women?

Maga Memecoin (CRYPTO: TRUMP) is rallying ahead of the Bitcoin (CRYPTO: BTC) conference in Nashville this weekend. What Happened: Sistine Research predicted a “massive” breakout for the meme coin from its 150-day range.

News for Bitcoin Crypto (BTC)