“The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC.
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?
Bitcoin price action will seal monthly losses over 40% for the first time in 11 years if it closes at $19,000.2791
From accusing the SEC of suppressing Bitcoin to suggesting alternatives, the community responded in various ways to Grayscale’s legal challenge against the SEC.1216
The Jacobi Bitcoin ETF will start trading on the Euronext Amsterdam Exchange under the ticker BCOIN in July.2403
The idea that panic selling is driving BTC price losses appears less watertight on the back of the latest data.6057
More downside pressure across crypto amid challenging regulatory events in both the U.S. and Europe.4466
The crypto crash has seen the number of Bitcoin millionaires decline by more than 75% since November last year.11408
Grayscale CEO Michael Sonnenshein on Wednesday said the company was “deeply disappointed” and “vehemently disagree” with the SEC’s decision to deny their application.7589
BTC price briefly fell below $20,000, and traders warn that the all-important support level could eventually crumble after enduring an increasing number of retests.9061
Bitcoin and altcoins gave up the gains of last week’s relief rally and June 29’s dip below $20,000 suggests bears are intent on pushing the market back to its yearly lows.6920
CoinShares CSO Meltem Demirors finds crypto infrastructure and developer tools more interesting than Web3 and the money aspect of crypto during the current bear market.1105
Markets beyond the euro slow to react as Europe acknowledges higher inflation may be permanent.5636
With all the recent turbulence in the crypto space, the question of the moment is: What will drive the next crypto bull run?2369
The business intelligence firm has now amassed 129,699 BTC at an average price of $30,644, according to CEO Michael Saylor.7622
The Swiss crypto ETP issuer wants to make it easier for investors to get exposure to Bitcoin amid extreme fear on the market.1072