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.

Crypto majors are red, alts are down bad and onchain is facing capitulation.

Morning Minute: Bitcoin Gets Spooked as ‘Uptober' Lets Down

A UK judge ruled Chinese law applies to victims' claims over 61,000 seized bitcoin, leaving ownership undecided.

UK High Court rules Chinese law governs claims over $5 billion in seized bitcoin

Ethereum

A wallet holding 4,582 BTC ($377.6 million) moved its entire balance on Monday, the same day a second whale sold 837.8 BTC at a loss to buy 27,500 ether. Whale No. 1: What Woke Up? Onchain tracker Lookonchain reported that another Bitcoin OG had woken up, transferring out all of their 4,582 BTC ($377.58M).

A $377M Bitcoin Whale Wakes up While Another Dumps BTC for Ether

Investors are positioning ahead of today's bank earnings reports and Wednesday's U.S. inflation data.

Bitcoin, ether slip and rebound as South Korean stocks slide on AI-related concerns

Delicious Bitcoin Latte at Moonflower, Steak and Eggs at Butcher Block Cafe, and Navigating 300+ Colorado Bitcoin Merchants.

Now Accepting Bitcoin: Moonflower Coffee and 300+ Colorado Bitcoin Merchants

A judge ruled that Chinese law should govern fraud victims' claims to the 61,000 BTC seized from Zhimin Qian, in a blow to the claimants.

UK Moves Closer to Keeping $5B Bitcoin Haul After High Court Ruling

Bitcoin bounced back from an early dip as ZEC, HYPE and SOL led altcoin losses. JPMorgan fell after kicking off U.S. earnings season.

Live updates: Bitcoin whipsaws between $81,000 and $84,000 as altcoins slide

South Korea's chipmakers lead another sharp selloff as concerns over AI spending and Chinese competition grow, while bitcoin holds well above its summer lows.

Bitcoin diverges from South Korean stocks as AI concerns deepen the Kospi selloff

Economist Peter Schiff said Bitcoin (CRYPTO: BTC) did “great” in its first ten years, but the cryptocurrency's performance since then has been far less impressive. Schiff on How He Sets His Timeframes Speaking with Benzinga, Schiff said he doesn't like assessing Bitcoin from the very beginning because it's “meaningless.

Peter Schiff Calls Bitcoin's Long-Term Performance ‘Meaningless': There's a Difference Between Bubble ‘Blowing Up' and Air Coming Out

Russia's largest exchange is preparing to open cryptocurrency trading in December, moving closer to integrating digital assets into the country's established financial-market infrastructure. Regulated Crypto Trading in Russia The Moscow Exchange, or MOEX, has begun testing cryptocurrency-trading operations with professional market participants, Russian news agency Interfax reported on Thursday, citing senior executives from the trading platform.

Russia's Largest Exchange Sets Date for Crypto Trading Launch as BTC, ETH and USDT Move Into Regulated Market

South Korea has ordered domestic access blocks on 27 unregistered offshore crypto exchange websites, including Kucoin, MEXC and BingX, extending an earlier ban on their mobile apps to the web. What Exactly Got Blocked? Korea's Financial Intelligence Unit (FIU), the anti-money laundering arm of the Financial Services Commission, announced on Oct.

Bitcoin Price Surges Past $83.5K as Kucoin and MEXC Go Dark in Korea

The decision concerns 61,000 BTC seized by the Metropolitan Police in its investigation into Zhimin Qian, who pleaded guilty to defrauding thousands of people in China.

UK court ruling boosts government's chances of keeping $5 billion in seized bitcoin

A bitcoin whale that received coins days before the Covid crash and sat through it has moved millions on-chain.

Bitcoin whale that sat through the March 2020 crash moves $378 million

The wallet originally received 4,582 BTC in March 2020, when the holdings were worth roughly $40.8 million.

Bitcoin whale moves $378 million in BTC after six years of dormancy: onchain data

Bitcoin climbed back above $83,000 after an early dip, decoupling from a sharp slide in Korean chip stocks and weakness in Nasdaq futures ahead of Thursday's US CPI report.

Bitcoin rebounds above $83,000 as it decouples from tumbling Korean stocks and Nasdaq futures

Crypto liquidations amounted to $771 million over the past 24 hours, including $685.6 million in long positions.

Bitcoin slides below $82,000 as crypto liquidations surge past $770 million

Dogecoin

Leading cryptocurrencies plunged on Monday as geopolitical uncertainty and upcoming inflation data kept investors on edge.

Bitcoin, Ethereum, XRP, Dogecoin Decline as Oil Prices Push Higher: Analyst Says 'Pullback Isn't the End of Anything,' Rather the 'Next Opportunity'

Bitcoin cracked below $82,000 Monday evening, setting off another painful reckoning for leveraged crypto traders. Nearly $489 million in positions vanished over 24 hours, with bullish bets accounting for more than 83% of the damage as the broader market stumbled. Bitcoin's Slide Wipes Out 118,000 Crypto Traders On Monday, Oct.

Bitcoin Price Falls Below $82K as $406M in Longs Get Liquidated

Russia in recent months has paved the way to allow its citizens to trade bitcoin.

Moscow Exchange to Launch Bitcoin Trading, Testing Underway

South Korea just cracked open the door to bitcoin-backed banking, according to local reports. Jeonbuk Bank has executed the country's first reported traditional bank loan secured by bitcoin, allowing businesses to borrow Korean won without selling their coins or surrendering ownership to the lender.

South Korea's Bitcoin Lending Experiment Begins at Jeonbuk Bank

Genesis Digital Assets, once one of Sam Bankman-Fried's largest crypto investments, is being repurposed for the artificial-intelligence boom after SWI Group took majority control. SWI has now raised about $896 million to expand the former bitcoin miner's data-center footprint for hyperscale computing customers.

SWI Turns FTX's Former Bitcoin Mining Infrastructure Toward AI Boom

The Bitcoin treasury firm Strategy (MSTR) has stacked BTC for four weeks in a row, adding $22 million worth of the top crypto asset in the past seven days. Strategy says it accumulated 250 Bitcoin at an average purchase price of $86,194 per BTC, stretching its total holdings to 848,250 BTC.

Michael Saylor's Strategy Continues Bitcoin-Buying Spree, Adds $22,000,000 Worth of BTC

Bitcoin is off to a rough start so far this month. But things could still turn around.

Bitcoin Extends Slide — Can ‘Uptober' 2026 Beat Last Year's?

Strategy Inc (MSTR) bought 250 BTC for $21.5 million, lifting holdings to 848,250, and repurchased $192.4 million of STRC preferred stock through Oct. 11.

Strategy Buys 250 BTC, Repurchases $192M of STRC Stock

Bitcoin (CRYPTO: BTC) is showing weakness after its run to $87,000, with futures traders and ETF withdrawals driving the selloff, even as fresh money kept flowing in. Why Bitcoin Pulled Back Glassnode wrote in its Oct. 12 Weekly Market Pulse that Bitcoin briefly dipped below $81,000 Thursday before a weekend rebound trimmed the loss.

News for Bitcoin Crypto (BTC)