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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.

Bitcoin Core's Optech Newsletter #306 is recommending users to, “to upgrade to Bitcoin Core 25.0 or higher within the next two weeks, with the latest version being 27.0.” A new policy was discussed by several Bitcoin Core project members concerning disclosures of vulnerabilities.

Bitcoin Core's Latest Optech Newsletter Urges Upgrade to Version 25.0, Discusses New Vulnerability Disclosure Policy

Corbin Keegan, a U.S. national who self-proclaimed himself as the first citizen of Bitcoin City, has temporarily left El Salvador after waiting over two years for the state to build the settlement. President Nayib Bukele first announced this infrastructure proposal for Bitcoin City in November 2021.

‘First Citizen' of Bitcoin City Leaves El Salvador After Waiting Over 2 Years for Its Construction

Dogecoin

Ethereum

Leading cryptocurrencies maintained sideways movement Sunday evening as investors eyed the Fed's interest rate decision and inflation data for guidance. Cryptocurrency Gains +/- Price (Recorded 8:30 p.m.

Bitcoin, Ethereum, Dogecoin Move Sideways Ahead Of Fed's FOMC Meet: Analyst Says 'Only A Matter Of Time' Before King Crypto Hits $74K

David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants.

Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining

Glassnode's latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders displaying increased engagement.

Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery

Bitcoin's hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees.

Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice

After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea's Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC) saw its infamous premium in South Korea drop below 1% after nearly hitting 10% in mid-April.

Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand

Cardano

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano partners with an Argentine province, and Argentina launches a VASP registry.

Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine Province

This week was a rollercoaster ride in the world of finance and cryptocurrency. From 50 Cent‘s Bitcoin (CRYPTO: BTC) earnings to Ark Invest's Cathie Wood's prediction about King Crypto, and Roaring Kitty's YouTube live stream resulting in a surge in a cat-themed cryptocurrency, there was no shortage of action.

This Week In Crypto: 50 Cent's Bitcoin Bonanza, Cathie Wood's Prediction, Kitty-Themed Crypto Surge, And More

The price of Bitcoin (BTC) has dropped twice after reaching the $72,000 resistance level. Price analysis by Coinidol.com.

Bitcoin Resumes Its Range But Holds Above $69,000

The Oslo Freedom Forum, held annually by the Human Rights Foundation, has become a worldwide cornerstone for human rights activists. This year, the 16th edition of the forum was centered around the theme "Re-claim Democracy.

Reclaiming Democracy With Bitcoin At The Oslo Freedom Forum

BitMEX co-founder Arthur Hayes says that a shift in policy from the central banks is about to boost crypto assets into a new bullish phase.

Arthur Hayes Says Central Banks About To Catapult Bitcoin and Altcoins to New Heights – Here's Why

Standard Chartered expects bitcoin to climb to $100,000 as the U.S. presidential election approaches and potentially reach $150,000 if former U.S. President Donald Trump wins. The bank's head of digital asset research cites Trump's perceived crypto-friendly stance as key for this bullish outlook for bitcoin.

Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wins

Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets.

Bitmex Founder Arthur Hayes Advises to ‘Go Long on Bitcoin' as G7 Central Banks May Slash Rates

Bitcoin (CRYPTO: BTC) is nearing a significant technical breakout, potentially reaching a milestone of $100,000, according to an analyst. What Happened: Bitcoin is on the cusp of a significant technical breakout if it surpasses its previous peak of about $73,800.

Analyst Predicts Bitcoin To Reach Groundbreaking $100,000 Milestone

U.S. spot bitcoin exchange-traded funds (ETFs) marked their 19th straight day of inflows on Friday, gathering $130.99 million. Blackrock's IBIT was once again at the forefront, with net inflows amounting to $168 million. Consistent Inflows for U.S. Spot Bitcoin ETFs The inflow trend for U.S. spot bitcoin ETFs continued, adding another day of positive movement.

Blackrock's IBIT Leads as US Spot Bitcoin ETFs Enjoy 19th Day of Inflows

Amid Friday's downturn, following bitcoin's decline to $68,450, the latest Commitments of Traders (COT) report from the Commodity Futures Trading Commission (CFTC) indicates that hedge funds are placing substantial bets against bitcoin.

Bitcoin Hedge Fund Shorts Reach New High Amid Price Fluctuations

Following bitcoin's dip in price, QCP Capital highlighted a “doubly strange session” overnight, driven by unexpected economic data and a widely viewed Roaring Kitty livestream. Analysts Highlight Market Chaos Following Bitcoin Dip and Gamestop Decline Three days ago, Singapore-based QCP Capital envisioned a new bitcoin (BTC) all-time high in June.

BTC's ‘Strange' Session: Economic Data, Roaring Kitty Livestream Drive Market Fluctuations, Says QCP Capital

Bitcoin ETFs bring in a new investor who bucks the 'HODL' culture and rebalances as bitcoin soars

A widely followed crypto analyst believes Bitcoin (BTC) may be just days away from an explosive rally based on historic precedence. Pseudonymous crypto trader Rekt Capital tells his 475,500 followers on the social media platform X that Bitcoin could soon enter a phase of the market cycle that in 2020 and 2021 saw massive gains.

Bitcoin Is on the Cusp of a ‘Historic Breakout,' According to Crypto Analyst – Here's What He Means

Bitcoin has swung wildly this week as U.S. president Joe Biden and former president Donald Trump were warned there's "only one way to save the dollar."

‘A Very Big Opportunity'—Crypto Suddenly Braced For A ‘Tremendous' China Earthquake After Bitcoin, Ethereum And XRP Price Boom

Bullish talk around ETFs helped Bitcoin and Ethereum rise over the past several days—but they tumbled at the finish line.

This Week in Coins: Bitcoin and Ethereum Pump—Then Dump—Amid Roaring Kitty Rush

The U.S. government successfully shut down the Liberty Dollar, a private currency created by Bernard von NotHaus, while Bitcoin, established by the mysterious Satoshi Nakamoto, continues to thrive outside governmental control. This discrepancy highlights the stark differences between the centralized creation of the Liberty Dollar and the decentralized nature of Bitcoin.

Liberty Dollar vs. Bitcoin: Why the US Government Shut Down One but Not the Other

Solana

Cryptocurrency analyst and trader Michaël van de Poppe believes that one Solana (SOL) challenger may be gearing up to witness a bullish reversal. Van de Poppe tells his 719,300 followers on the social media platform X that a “new round of upwards momentum seems inevitable” for Sei (SEI).

Analyst Michaël van de Poppe Says One Solana Rival's Upward Momentum ‘Inevitable,' Updates Outlook on Bitcoin

The CEO of digital asset custodian BitGo, Mike Belshe, believes Bitcoin (BTC) could rally by up to 94% over the next six months. Belshe says in a new Kitco News interview that Bitcoin “will be somewhere around $125,000 to $135,000″ by the end of this year. Bitcoin is trading at $69,470 at time of writing.

News for Bitcoin Crypto (BTC)