Market Update
Bitcoin beats its previous record to near $42,500, but all may not be what it seems when it comes to BTC price strength.
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Bitcoin News
Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.
Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.
The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm.
At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change?
Stay tuned.
- News
“Please refrain from deposits at the moment. Inbound at max capacity,” wrote one community manager.
3025 - Markets News
Bitcoin is worth around $42,000 today, with BTC price rising 12% over the past week following Jerome Powell's interest rate guidance.
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The Swiss city of Lugano officially announced that it has started accepting BTC and USDT as payment for taxes and all other community fees.
4628 - Recap
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
662693 - Markets News
Bitcoin makes Christmas come early for its more speculative investors, with BTC price still facing “early bull market” resistance.
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Crypto mining firm Phoenix Group has debuted trading on the Abu Dhabi Securities Exchange, with the stock opening at $0.6.
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BlackRock and other financial giants have entered the race to launch the first spot Bitcoin ETF in the United States.
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Hashdex’s head of product for the U.S. and Europe says the exact timing for a spot Bitcoin ETF is unclear but predicts it to start by the second quarter of 2024.
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The trading platform posted a sharp rise in monthly crypto trading volumes in November, while CEO Vlad Tenev said he hopes to eventually reel in “nine figures” in annual revenue.
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It adds to a prior agreement in which Riot bought 33,280 miners from MicroBT. The term sheet was also updated, allowing Riot to buy another 265,000 miners in the future.
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The anticipated Bitcoin halving and potential ETF approvals have lit “some serious fire in the cauldron” for crypto, said Zerocap investment chief Jon de Wet.
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Nearly $1.8 billion flowed into crypto investment products over the last 10 weeks, which hasn’t been seen since Bitcoin futures were launched in October 2021.
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If approved, the third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027.
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The crypto market is up today as Bitcoin’s rally to a new 2023 high triggers a breakout in altcoins and DeFi tokens.
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