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.

A pair of Bitcoin treasury firms added to their stash on Monday.

Bitcoin Buying Sprees Accelerate as Metaplanet, Semler Stack More BTC

Bitcoin Magazine Canadian Company LQWD Technologies Acquires More Bitcoin to Its Treasury The Canadian Bitcoin firm now holds 181 Bitcoin with a 10 Bitcoin purchase. This post Canadian Company LQWD Technologies Acquires More Bitcoin to Its Treasury first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Canadian Company LQWD Technologies Acquires More Bitcoin to Its Treasury

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Elon Musk's new political party to support bitcoin over ‘hopeless' fiat, Strategy pauses BTC buying spree, and more

Strategy (NASDAQ:MSTR) on Monday announced the launch of a $4.2 billion ATM stock offering, aiming to scale its Bitcoin (CRYPTO: BTC) holdings and enhance capital flexibility. What Happened: The offering involves the sale of its 10.00% Series A Perpetual Stride Preferred Stock (STRD), as unveiled during an investor presentation by CEO Phong Lee and Executive Chairman Michael Saylor.

Strategy Launches $4.2 Billion Offering To Fuel Further Bitcoin Accumulation

Bitcoin Magazine Strategy Announces $4.2 Billion STRD Stock Offering To Buy More Bitcoin Strategy has announced plans to raise up to $4.2 billion through sales of its 10.00% Series A Perpetual Stride Preferred Stock (STRD) to fund additional Bitcoin purchases, marking another major capital raise as institutional Bitcoin adoption accelerates.

Strategy Announces $4.2 Billion STRD Stock Offering To Buy More Bitcoin

Ethereum

Bitcoin exchange-traded funds (ETFs) wrapped the first trading week of July with a net inflow of $769.60 million, marking their fourth consecutive week of gains. Ether ETFs also held firm, extending their green streak to eight weeks with $219.19 million in net inflows.

ETF Recap: Bitcoin and Ether ETFs Extend Inflow Streaks With $988 Million Weekly Haul

Bitcoin Magazine Murano Takes Seat as First Member of Chairman's Circle, Pioneering Corporate Bitcoin Strategy Murano joins Bitcoin for Corporations' Chairman's Circle as its first member, pioneering a bold new standard for corporate Bitcoin strategy. This post Murano Takes Seat as First Member of Chairman's Circle, Pioneering Corporate Bitcoin Strategy first appeared on Bitcoin Magazine and is written by Nick Ward.

Murano Takes Seat as First Member of Chairman's Circle, Pioneering Corporate Bitcoin Strategy

Listed companies are rapidly transforming into bitcoin treasury vehicles, raising capital to buy BTC and hold it on their balance sheets. With bitcoin increasingly seen as a potential global reserve asset, gaining institutional traction and strong price expectations, this trend might seem sound.

Without Operational Alpha, Bitcoin Treasury Company Premiums Will Collapse

The deal is expected to close by the end of this year.

AI Giant CoreWeave to Buy Bitcoin Miner Core Scientific in $9B Deal

Bitcoin Magazine CoreWeave Acquires Bitcoin Mining Company Core Scientific for $9 Billion The all-stock deal gives CoreWeave control of 1.3 GW of data center capacity, marking a shift from Bitcoin to AI infrastructure. This post CoreWeave Acquires Bitcoin Mining Company Core Scientific for $9 Billion first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

CoreWeave Acquires Bitcoin Mining Company Core Scientific for $9 Billion

In the race for AI supremacy, North America is now learning important lessons from the bitcoin (BTC) mining industry about building large-scale infrastructure close to sustainable energy sources, according to serial entrepreneur Kevin O'Leary.

Kevin O'Leary: U.S. Must Learn From Bitcoin Miners to Win ‘AI Wars'

Strategy holds more than 593,000 Bitcoin with a current value of roughly $65 billion.

Strategy Reveals $4.2 Billion Stock Sale After Missing First Weekly Bitcoin Buy in 3 Months

Bit Digital (BTBT) is now the owner of more than 100,000 ether (ETH) after swapping out its bitcoin stack along with a $172 million capital raise for even more of the world's second-largest crypto.

Crypto Miner Bit Digital Up 26% After Swapping Bitcoin for Ether

Bitcoin Magazine BBVA Launches Bitcoin Trading For All Retail Customers In Spain BBVA, the second-largest bank in Spain, has officially launched Bitcoin trading and custody services for all retail customers in the country. The offering is now live within the BBVA mobile app, allowing customers of legal age to buy, sell, and hold Bitcoin and crypto.

BBVA Launches Bitcoin Trading For All Retail Customers In Spain

Bitcoin Magazine Japan's Metaplanet Acquires 2,205 More Bitcoin, Total Holdings Reach 15,555 BTC The Japanese company continues accelerating its Bitcoin treasury strategy with a ¥34.487 billion purchase. This post Japan's Metaplanet Acquires 2,205 More Bitcoin, Total Holdings Reach 15,555 BTC first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Japan's Metaplanet Acquires 2,205 More Bitcoin, Total Holdings Reach 15,555 BTC

Threshold Network's tBTC, an ERC-20 token backed 1-to-1 by bitcoin (BTC), debuted on Sui on Monday as Threshold looks to expand BTCFi in the Sui ecosystem.

Threshold's Bitcoin Backed tBTC Debuts on Sui, Unlocking $500M in Liquidity

Semler's latest bitcoin acquisitions used proceeds from the issuance and sale of common stock via its at-the-market program.

Semler Scientific stacks another 187 bitcoin for $20 million, bringing total holdings to 4,636 BTC

AI infrastructure firm CoreWeave (CRWV) has agreed to buy bitcoin (BTC) miner Core Scientific (CORZ) in an all-stock deal valuing CORZ at approximately $20.40 per share, based on recent closing prices.

Core Scientific, Bitcoin Miners Tumble on CoreWeave Buyout; Jefferies Says Price in Expected Range

Senior Bitcoin developer Jon Atack was arrested in El Salvador over the weekend following a dispute with a neighbor, sparking an online flurry of concern before he was freed about an hour later.

Bitcoin Developer Jon Atack Briefly Arrested in El Salvador After Neighborly Dispute

After launching its bitcoin treasury strategy in April, The Smarter Web Company's stock soared nearly 20,000% before correcting.

The Smarter Web Company hits 1,000 BTC treasury milestone with another $24 million bitcoin buy

The acquisition positions CoreWeave among the largest holders of U.S. data-center power at a time when demand for AI compute far outstrips supply.

Core Scientific shares slide as CoreWeave agrees to $9 billion all-stock acquisition for the bitcoin miner

Strategy intends to use the proceeds for general corporate purposes, including the acquisition of bitcoin.

Strategy plans $4.2 billion STRD preferred stock sale via ATM program to fund more bitcoin purchases

Michael Saylor-led Strategy (MSTR) expects to report a second quarter $14.05 billion gain on its bitcoin holdings of more than 500,000 coins as the price of BTC rose from around $82,000 to $108,000 during the three months ended June 30.

Strategy Books $14B Q2 Bitcoin Profit, Sets $4.2B STRD Preferred ATM Offering

A wallet security upgrade could be the reason why a long dormant Satoshi-era wallet moved over $8 billion worth of bitcoin (BTC) last week, according to on-chain analytics firm Arkham.

Satoshi Era-Whale's $8B Bitcoin Move Could Be Linked to Wallet Security Upgrade: Arkham

Dogecoin

Six-time NBA champion and crypto advocate Scottie Pippen has once again shared his top crypto picks, placing Bitcoin (CRYPTO: BTC) at the top of his list. What Happened: Pippen's current watchlist includes a mix of major altcoins and meme coins, featuring Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), BNB (CRYPTO: BNB), XRP (CRYPTO: XRP), Cardano (CRYPTO: ADA), Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB) and Chainlink (CRYPTO: LINK).

News for Bitcoin Crypto (BTC)