Bitcoin

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Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person


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Bitcoin price on June 14 (CoinDesk)
Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly
Some $180 million of leveraged derivatives positions were liquidated across all crypto assets during the shake-out, CoinGlass data shows.
Bitcoin price on June 14 (CoinDesk)

Michael Saylor, executive chairman of MicroStrategy (Michael.com)
MicroStrategy Increases Convertible Note Offering by 40% to $700M in Bitcoin Splurge
The company's shares rose nearly 2% in the early Friday session following yesterday's tumble.
Michael Saylor, executive chairman of MicroStrategy (Michael.com)

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)
Protocol Village: Manta Foundation Launches $50M EcoFund and Ecosystem Grant Program
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 13-19.
Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

The Mining Pod With Will Foxley Wide
Flare Gas Bitcoin Mining In 2024
We brought on an energy lawyer and Bitcoin mining founder Justin Ballard to get to the bottom of the flare gas questions with Bitcoin mining.
The Mining Pod With Will Foxley Wide

Bitcoin price on June 14 (CoinDesk)
First Mover: Bitcoin Struggles Near $67,000 as Cryptos Lag Behind Stocks
The latest price moves in crypto markets in context for June 14, 2024.
Bitcoin price on June 14 (CoinDesk)

(16:9 CROP) A bear waving. (Hans-Jurgen Mager/Unsplash)
Bitcoin Traders See Short-Term Bearish Target at $60K as Miners Pare Holdings
Persistent testing of the lows sets the bears up for quick success with their next target at $60,000, one trader said.
(16:9 CROP) A bear waving. (Hans-Jurgen Mager/Unsplash)

(Mike_68/Pixabay)
Here's Why Bitcoin's Not Keeping Pace With Nasdaq
Bitcoin declined 6% in a week even as Nasdaq rallied to record highs.
(Mike_68/Pixabay)

Michael Saylor (CoinDesk)
Bitcoin Could Hit $1M Within 10 Years, Bernstein Says as It Initiates Coverage of MicroStrategy
The broker assigned the software company an outperform rating and a $2,890 price target.
Michael Saylor (CoinDesk)

Markets Daily Wide
The Hash Live from Consensus 2024
Crypto's impact on the upcoming election with CFTC Commissioner Summer Mersinger and US Senate candidate John Deaton
Markets Daily Wide

Bitcoin on 6/13 (CoinDesk)
Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market
SEC Chair Gary Gensler said he expected the new vehicles to have won full regulatory approval by the end of the summer.
Bitcoin on 6/13 (CoinDesk)