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.

Billionaire venture capitalist Chamath Palihapitiya argued on Sunday that bitcoin bulls face a two-front squeeze, with speculative money migrating to prediction and equity markets while the energy that powers mining is worth more redirected to artificial intelligence (AI).

Chamath Palihapitiya Sees 2 Problems Facing Bitcoin Bulls: Here's His Argument

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said on Sunday that Bitcoin's (CRYPTO: BTC) long-term price performance is primarily a measure of how much people “fear” inflation. ‘Structural' Problems With Bitcoin Armstrong responded to venture capitalist Chamath Palihapitiya's take on the “structural” headwinds impacting Bitcoin.

Coinbase CEO Brian Armstrong Says Bitcoin Will 'Mostly' Be a Measure of Inflation Fears in the Long Term

War drives oil up, the Kimi selloff drags chips down, and bitcoin sits between them.

Live markets: Oil bounce and lingering AI selloff pushes bitcoin under $64,000

Ethereum

A major crypto exchange has introduced streamlined options contracts aimed at unlocking broader adoption in the derivatives space. The post Kraken Rolls Out Simpler Bitcoin and Ethereum Options to Grow Derivatives Market appeared first on The Daily Hodl.

Kraken Rolls Out Simpler Bitcoin and Ethereum Options to Grow Derivatives Market

Days after Kimi K3 rattled chip stocks, Moonshot is moving toward a Hong Kong listing at a $30 billion-plus valuation while Alibaba's Qwen goes open-weight.

Moonshot AI IPO push follows Kimi, Alibaba AI releases that shook bitcoin

A Bitcoin address inactive since 2017 transferred its entire holdings worth about $383 million to a new wallet. The post Dormant Bitcoin Wallet Abruptly Moves $383,000,000 After Eight Years appeared first on The Daily Hodl.

Dormant Bitcoin Wallet Abruptly Moves $383,000,000 After Eight Years

Bitcoin ETFs have attracted $273 million in new inflows in two weeks, but the total is barely enough to cover a single "slow" week of recent selling.

Bitcoin ETFs see new money again, but inflows remain ‘peanuts' relative to the recent exodus

Brent jumped almost 4% on escalating U.S.-Iran strikes, while Asian chip stocks stayed under pressure from Friday's Chinese AI shock.

Bitcoin flat near $64,000 as oil hits a one-month high and Kimi AI selloff lingers

Strategy Inc. (NASDAQ:MSTR) founder Michael Saylor made a case on Sunday against the BIP-110 software upgrade for Bitcoin (CRYPTO: BTC), arguing that the “proposed cure is more dangerous than the condition.” What Is The Upgrade About The upgrade is aimed at temporarily restricting the use of Bitcoin for storing large amounts of “non-monetary data,” including Ordinal inscriptions, and refocusing priorities on improving Bitcoin as “money.

Michael Saylor Says Bitcoin's Proposed BIP-110 Upgrade Is 'More Dangerous Than the Condition'

Dogecoin

Leading cryptocurrencies moved sideways on Sunday as U.S. strikes on Iran continued into their “ninth consecutive night.” Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:30 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Stay Flat Amid Iran Tensions—Analyst Says This BTC Level Could Ignite 'Sustained Bull Trend'

Grayscale says bitcoin covered call strategies may offer investors a way to generate income if bitcoin trades within a limited price range rather than staging a rapid recovery. The approach combines spot bitcoin ownership with option premiums, creating returns that differ from holding bitcoin alone.

Bitcoin Covered Calls Could Generate 22% Yield in a Sideways Market, Grayscale Says

Saylor followed up Sunday with a cryptic tracker-chart post captioned "What's next?" ahead of Strategy's expected Monday disclosure.

Saylor urges Bitcoin to reject BIP-110 in 110-point essay as soft fork's August showdown approaches

Michael Saylor argues that a new proposal, BIP-110, to temporarily block "spam" data from the Bitcoin blockchain would undermine the network's neutrality and create a dangerous precedent for censorship.

Bitcoin's biggest advocate, Michael Saylor, says new plan to clean up the blockchain is 'a bad idea'

Michael Saylor's latest chart has renewed attention on the company's bitcoin plans, but recent BTC sales, no purchases since June 22 and a $3 billion cash reserve leave its next transaction uncertain. Saylor's Bitcoin Chart Arrives With Strategy's Next Move Unclear Strategy Inc.

Michael Saylor Teases Strategy's Next Bitcoin Move After Buying Pause and $3 Billion Cash Buildup

Sustained capital flows into BTC, ETH and the spot ETFs highlight traders' shifting mood on crypto. Is the worst part of the bear market over?

Bitcoin Bear Phase Morphs to Consolidation as BTC, ETH Flows Flip Positive

This week was a whirlwind of activity in the crypto world. From CEOs discussing the future of Bitcoin to unexpected hacks, the industry was buzzing with news.

Weekend Round-Up: Bitcoin's New Role, Hacked CEOs And Big Bets on Crypto

Hackers briefly disabled the official website of Kenyan President William Ruto on July 18, demanded a ransom of five bitcoins and threatened to leak unspecified data if not paid.

Kenya Investigates President William Ruto Website Breach as Hackers Demand 5 Bitcoin

They say China is catching up with OpenAI and Anthropic. This must be the end of the AI boom.

Bitcoin's Progress Holds The Secret To The AI Boom

Project Eleven says it has funded a proof that lets a wallet's own key-derivation path stand in as ownership after quantum computers can forge its signatures. It runs in 243 milliseconds on a laptop.

Bitcoin's quantum problem gets a recovery tool, but not for Satoshi's 1.1 million coins

Bitcoin has flashed an “end of bear market” signal after its short-term holder cost basis fell below the adjusted long-term holder level. The crossover mirrors previous bitcoin cycles, suggesting the market may be entering the final stage of its bear phase.

Bitcoin Flashes ‘End of Bear' Signal as Cost Basis Crossover Suggests Final Bear Market Phase

Michael Saylor says bitcoin cannot achieve global monetary status without corporate adoption. Public companies now hold more than 1.26 million BTC, while Strategy's financing model shows how bitcoin is being used as both a reserve asset and a source of liquidity.

Michael Saylor Says Corporate Bitcoin Adoption Is ‘Necessary, Inevitable and Welcome'

Strategy founder Michael Saylor published a lengthy essay Saturday rejecting BIP 110, a proposed Bitcoin softfork that would temporarily restrict several types of transactions carrying non-payment data. Saylor's essay lists 100 numbered arguments against the proposal, which he says amounts to using Bitcoin's consensus rules to discourage a disputed but currently valid category of transactions.

Saylor Rejects BIP 110, Warns Softfork Threatens Bitcoin's Neutral Rules

A prior December raise instead funded stakes tied to SpaceX and Figure AI, which the company says are its two AI infrastructure investments to date.

Bitcoin Japan, which holds no bitcoin, taps EVO Fund in planned $60 million raise to finally buy some

Sixteen years ago, Satoshi Nakamoto answered a doubter on a forum in 2010, and the reply still guides how the network defends its money today. A Forum Post That Set the Rules On July 16, 2010, a user named bdonlan questioned Bitcoin's double SHA-256 hashing on the Bitcointalk forum.

Satoshi Nakamoto Predicted Bitcoin's Hash Defense 16 Years Before Quantum Fears

Leonidas' DOG Mode client challenges Bitcoin's default relay policies, reopening a philosophical debate over censorship, free markets and who really governs the network.

News for Bitcoin Crypto (BTC)