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.

The Swiss crypto exchange has onboarded the Lightning Network to help people withdraw and deposit bitcoin with ease.

WhiteBIT Integrates Lightning Network for Fast and Cheap Bitcoin Transactions

A batch of 100.02 BTC mined in July 2010 moved Wednesday after 16 years. It's worth about $8.3 million, but nothing in the transaction shows who owns it.

Satoshi-Era Bitcoin Worth $8.3 Million Moves After 16 Years

The U.S. government's cryptocurrency shuffle isn't over. Following two days of bitcoin transfers totaling $770 million, federal wallets moved another 12,267.02 BTC worth approximately $1.01 billion on Thursday. The latest activity also included $94.

US Government Shifts $1 Billion in Bitcoin, $94 Million in Tether

Investors yanked $484.9 million out of spot Bitcoin ETFs in a single day. Oil is near $100, bond yields are at their highest since 2002, and the Fed isn't done hiking.

Bitcoin ETFs Suffer Worst Loss Since June as Uptober Turns Red

Bitcoin broke below $81,000 to an intraday low near $80,500, wiping out billions from its market cap. Over $1.1 billion in total crypto positions were liquidated, led by ether with $333 million.

Bitcoin Price Drops Below $81K as Crypto Liquidations Top $1.1 Billion

TD Cowen kept its $260 price target on Strategy (MSTR) as dilution limits the benefit of higher bitcoin forecasts.

Strategy shareholders face dilution drag despite brighter bitcoin forecasts, TD Cowen says

The price of bitcoin has continued to drop this week, spurred by fears that the Federal Reserve is increasingly tempted to raise interest rates.

Bitcoin Falls Below $81,000 as Oil Spikes, Fed Talks Tough

Dogecoin

Bitcoin (CRYPTO: BTC) fell below $81,000 Thursday, with $489 million liquidated across crypto markets in a single hour, as three separate catalysts hit at once. Catalyst One: The Government Moved $1 Billion in Bitcoin Arkham data showed Thursday that wallets linked to the US government moved 12,267 BTC, worth about $1.01 billion, from a Bitfinex hack seizure wallet to new, unlabeled addresses according to Coindesk.

Bitcoin at $81,000, XRP, Dogecoin Plunge 7%: What Is Going On?

A disgruntled former core infrastructure engineer at a New Jersey industrial company hacked the firm's network in November 2023 by scheduling damaging tasks before demanding 20 Bitcoin worth about $750,000 to halt the sabotage. He pleaded guilty and was sentenced to 32 months in prison. The post Former Engineer Gets 32 Months Prison for Hacking Employer and Demanding Bitcoin (BTC) Ransom appeared first on The Daily Hodl.

Former Engineer Gets 32 Months Prison for Hacking Employer and Demanding Bitcoin (BTC) Ransom

Partnership will bring vBTC to EDX Markets for institutional spot trading, while EDX joins the VerifiedX network as a validator, expanding institutional access to tokenized, programmable Bitcoin infrastructure.

EDX Markets and VerifiedX Partner to Bring Verified Bitcoin (vBTC) to Institutional Markets

A government wallet holding Bitcoin seized from the Bitfinex hacker sent 12,267 BTC to a new, unlabeled address, according to Arkham data.

US Government Moves $1 Billion in Bitcoin Seized From Bitfinex Hacker

Day traders are selling, leveraged longs are getting flushed and ETF money is heading for the door. The daily chart still holds the line, but its cushion is shrinking.

From Uptober to Spooky Szn? Bitcoin Cuts September Gains in Half

On Oct. 7, Galaxy Research disclosed that it had identified a batch of 100 bitcoin mined in July 2010 that had finally stirred after lying dormant for 16 years, 2 months, and 24 days.

From Zero to $8 Million: Satoshi-Era Bitcoin Awakens After 16 Years

Arkham data shows the 12,267 BTC went to unlabeled wallets rather than an exchange, a day after $383 million hit Coinbase Prime.

U.S. government moves $1 billion in bitcoin from Bitfinex hack wallet, no sale indicated

According to the country's Bitcoin Office, the one-bitcoin-a-day accumulation strategy has continued, even after the IMF stressed that the country had not met the criteria for public-sector crypto holdings under a $1.4 billion ongoing credit facility.

El Salvador Defies IMF Waiver Terms to Stack More Bitcoin Daily

Bitcoin traded near $82,000 on Thursday, with analysts at QCP expecting a fourth-quarter range of $80,000 to $90,000.

Bitcoin pulls back as analysts forecast $80,000-$90,000 Q4 trading range

Bitcoin ETFs posted $487.07 million in net outflows on Wednesday, their heaviest daily loss since June 25, while ether funds shed another $160.77 million. Together, the two largest crypto ETF categories lost $647.84 million as trading activity accelerated sharply.

Bitcoin ETFs Lose $487M in Heaviest Daily Outflow Since June

Bitcoin (CRYPTO: BTC) analyst Caleb Franzen, who turned bearish when the token fell below $97,000 last November, says he's bullish again and sees targets as high as $205,000. Why Franzen Flipped Bullish Franzen, founder of Cubic Analytics, told Milk Road Crypto Wednesday that two signals changed his view in late August.

Bitcoin Tumbles to $82,000 but $205,000 Remains the Target, Analyst Says

US spot Bitcoin funds lost $484.9 million on Wednesday, the most since June, as BlackRock's IBIT turned seller and Bitcoin slid below $82,000 on Thursday.

Bitcoin Price Breaks Below $82K as BlackRock's Fund Joins the Sellers

On Thursday, DK Bank, Bhutan's fully digital bank, announced it had secured preliminary regulatory approval to establish a financial services presence in Abu Dhabi, United Arab Emirates. The development marks another step in the bank's international ambitions, positioning Bhutan's Gelephu Mindfulness City (GMC) to forge stronger ties with global financial institutions and investors.

From Bitcoin Mining to Global Banking, Bhutan Eyes Abu Dhabi

Glassnode co-founder's latest figures show growing public-key exposure as Justin Drake urges preparations for potential AI attacks on wallet cryptography.

Over 6 million bitcoin sit behind exposed public keys as AI warnings mount

SALT Lending CEO Shawn Owen explains why Bitcoin's portability gives it an advantage over traditional assets and why institutional adoption may only be getting started.

Why Bitcoin's Liquidity Advantage Matters as Institutions Move In

Banks are racing to adopt Bitcoin, and SALT Lending CEO Shawn Owen says FOMO is real. He joins Grace and Sean to break down BTC lending and institutional shift.

Shawn Owen: Bitcoin's First Institutional Cycle Has Arrived

Ethereum

Blockchain researcher Justin Drake is urging cryptocurrency holders to prepare for “bunker mode,” warning that artificial intelligence (AI)-driven mathematical discoveries could threaten the cryptography protecting Bitcoin and Ethereum. His proposed defense is surprisingly simple: move assets to fresh addresses that haven't exposed their public keys.

‘Bunker Mode'? Crypto Experts Argue Over AI Threat to Bitcoin, Ethereum

Where will Bitcoin's next rally come from? CoinDesk's James Van Straten analyzes gold rotations, equity pullbacks, and stablecoin inflows as key drivers.

News for Bitcoin Crypto (BTC)