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.

Fed's wait-and-see posture may usher in months of sideways markets—and room for bitcoin to shine, analysts say.

Bitcoin stays flat amid seasonal drag, as Fed rate cut hopes shift to September

Bitcoin ETFs notched their 8th consecutive day of inflows, posting a strong $390 million net gain as Blackrock and Fidelity led the charge. Ether ETFs also remained in the green, closing with a $19.1 million net inflow for their 3rd straight positive session.

Bitcoin ETFs Record 8th Straight Inflow Day With $390 Million Surge

Donald Trump has said the Senate passing a key piece of stablecoin legislation will lead to “massive” bitcoin and crypto investment

Trump Confirms ‘Massive' Crypto Price Game-Changer As ‘Trillions' Predicted To Hit Bitcoin Market

By James Van Straten (All times ET unless indicated otherwise) Bitcoin BTC remains stable around $105,000 after the Federal Reserve held interest rates steady, as expected. It hasn't traded below the psychological threshold of $100,000 since May 8, a full 42 days ago, even though the Israel-Iran conflict — now coming up for a week — would have been expected to weigh on risky investments, crypto among them.

Crypto Daybook Americas: Bitcoin Shrugs Off Fed, Mideast War, but Derivatives Flash Caution

The pro-Israel hacker collective Gonjeshke Darande released the full source code of Iranian crypto exchange Nobitex, just a day after orchestrating a $100 million exploit across multiple blockchains as the war between the two countries nears the end of its first week.

Nobitex's Source Code Released a Day After Hackers Steal Tokens Across Bitcoin, EVM, Ripple Networks

Ethereum

U.S. spot Bitcoin ETFs' recent net inflow streak has extended to eight days, totaling $2.4 billion, despite relatively subdued price action.

Bitcoin ETFs notch $2.4 billion in eight-day inflow streak; Ethereum ETFs' catch-up phase appears to stall, analyst says

BitMEX co-founder Arthur Hayes believes the Federal Reserve is primed to inject massive liquidity into the US economy.

US Government Will Print $9,000,000,000,000, Says Arthur Hayes – Why He Believes Wave of Cash Will Flow Into Bitcoin and Crypto 2020

The French National Assembly has decided not to discuss the subject of bitcoin mining as a possible destination for the French energy surplus. The recently introduced amendment was rejected on procedural grounds, which means the measure's intent was not fully discussed.

France Rejects Bitcoin Mining Proposal

K33 AB has announced a directed share issue to raise at least $8 million (SEK 85 million) for the strategic purchase of up to 1,000 BTC, aimed at boosting its balance sheet and scaling its institutional brokerage services.

K33 Plans Major Bitcoin Acquisition With $8 Million Share Issue

A $45 million Bitcoin donation from a convicted darknet operator set off a political crisis and brought the Czech government to its knees.

Bitcoin Scandal Fails to Topple Czech Government in No-Confidence Vote

Bitcoin's BTC bull market has stalled, and how.

Who's Selling Bitcoin Above $100K and Holding Back the Price Rally?

Bitcoin prices have put in some very robust support near $100,000, according to analyst Tim Enneking.

Bitcoin Has Developed Very Strong Support At $100,000, Says Analyst

The bill, which seeks to grant crypto users and miners certain rights, now moves on to the Ohio State Senate.

Ohio House Approves Bill Exempting ‘Bitcoin Users' From Minor Tax Burden

Analytics platform Glassnode says one Bitcoin investor cohort is suddenly selling the most BTC for realized gains. According to the analytics platform, those holding onto Bitcoin between six and 12 months are abruptly locking in massive gains at a rate exceeding all other cohorts, raking in a $904 million profit on Monday.

This Bitcoin Investor Cohort Locked in $904,000,000 in Realized Gains, Driving BTC Sell Pressure, According to Analytics Firm Glassnode

Singapore-based Bitcoin miner Bitdeer is raising funds, but not to buy up BTC. The firm's shares continued falling following the move.

Bitdeer Stock Falls as Bitcoin Miner Aims to Raise $330 Million

Bitdeer Technologies Group priced an upsized private offering of $330 million in convertible senior notes due 2031. The Singapore-based bitcoin mining company increased the offering size from an initially announced $300 million. Bitdeer Upsizes Convertible Note Offering The 4.875% notes, maturing July 1, 2031, were sold to qualified institutional buyers.

Bitcoin Miner Bitdeer Aims to Secure $330M via Convertible Notes for Expansion

Bitcoin Magazine ‘Ancient' Bitcoin Supply Now Outpacing Newly Mined BTC: Fidelity Report Over 17% of all bitcoin has remained untouched for a decade, while 27 public companies hold more than 800,000 BTC combined. This post ‘Ancient' Bitcoin Supply Now Outpacing Newly Mined BTC: Fidelity Report first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

‘Ancient' Bitcoin Supply Now Outpacing Newly Mined BTC: Fidelity Report

Three major Chinese bitcoin mining rig manufacturers—Bitmain, Canaan, and MicroBT—are relocating their production to the United States. This move allows them to circumvent the punitive tariffs imposed on Chinese imports. Chinese Trio Dominate Global Mining Rig Market In what will be seen as a vindication of U.S.

Trump's Tariffs Just Reshaped Bitcoin's Backbone

The Fed's decision didn't significantly impact bitcoin's price, but it will likely disappoint U.S. President Donald Trump who earlier in the day called Fed Chairman Jerome Powell “stupid” for not cutting rates. No Surprise, No Spike: BTC Relatively Flat Following Fed's Decision to Maintain Rates The U.S.

Bitcoin Mostly Steady After Fed Leaves Rates Unchanged

As Bitcoin clings to support levels and geopolitical shocks ripple across risk assets, there's an altcoin keeping things interesting.

Bitcoin Might Be Flat, But Traders Have Their Eyes on This Shiny New Token: Analysis

A closely followed crypto analyst says Bitcoin (BTC) could be on the cusp of its next explosive rally, as two key macroeconomic indicators with a track record of accurately predicting bull runs flash green.

‘Next Parabolic Move' for Bitcoin Approaching As Two Historically Reliable Macro Indicators Flash Green, According to Analyst

The largest cryptocurrency by market value has been trading about 5% under its all-time high set last month.

Bitcoin Shrugs Off Fed Decision to Keep Rates Unchanged

Bitcoin exchange-traded funds (ETFs) notched their seventh straight day of inflows, closing with a $216 million net gain thanks to Blackrock's massive inflow. Ether ETFs also stayed in the green with a $11.09 million net inflow, despite sizable exits from Fidelity and Grayscale.

Bitcoin ETFs Post $216 Million Net Inflow as Blackrock Offsets Outflows From Fidelity and Ark 21shares

Dogecoin

Tron

An Israeli group of hackers is reportedly taking credit for major cyberattacks against an Iranian bank and a crypto exchange. The Israeli hacking group Predatory Sparrow is claiming responsibility for the cyberattack against Iran's Bank Sepah that has left customers unable to access their funds, reports Axios.

Hackers Shut Down Bank, Then Target Crypto Exchange for $81,700,000 in Bitcoin, DOGE, Tron and More

Bitcoin Magazine The Trolls Are Coming: Defending Bitcoin Mining from Patent Trolls The clash between Malikie Innovations and Bitcoin miners exemplifies a classic conflict between open innovation and legacy fiat intellectual property rights. This post The Trolls Are Coming: Defending Bitcoin Mining from Patent Trolls first appeared on Bitcoin Magazine and is written by Colin Crossman.

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