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.

Spot Bitcoin ETFs lost $635.6 million on Thursday, their biggest outflow of the month, pushing October flows back to a loss of about $176 million as Ethereum and Solana funds also bled.

Bitcoin ETFs Bleed $636 Million as October Turns Red Again

Bitcoin (CRYPTO: BTC) briefly topped $84,800 Wednesday before three negative headlines erased the gains, even as JPMorgan named Bitcoin its top long-term return asset for the first time ever. Why Bitcoin's Breakout Attempt Failed The hosts of the Bankless podcast on Friday said that reports leaked this week showing the U.S. and Israel are preparing fresh strikes on Iran, sending Brent crude above $115 a barrel.

Bitcoin's Rally Hits 3 Roadblocks: Can Bulls Shake Off ‘Black October'?

Franklin Templeton, the $1.7 trillion asset manager, registered two Nasdaq-listed funds yesterday. Both launch with a 95/5 split between U.S. stocks and bitcoin, and every dividend buys more bitcoin.

Franklin Templeton Clears Final Hurdle For ETFs That Turn Stock Dividends Into Bitcoin

Bets on chip stocks, gold and silver made up more than a fifth of crypto liquidations as the Nasdaq fell 2.6%, while Bitcoin trading stayed near cycle lows.

Crypto Traders Pile Into Stock Perps as Bitcoin Volume Stalls

U.S. bitcoin ETFs suffered $635.49 million in net outflows on Thursday, abruptly interrupting a three-session run that had attracted more than $1 billion. Bitcoin ETFs Suffer Biggest Outflow Since June The institutional tide turned with remarkable speed. A day after bitcoin ETF buying broadened across eight funds, investors pulled $635.49 million from the category.

Blackrock, Fidelity Lead $635M Bitcoin ETF Loss—Biggest Outflow Since June

Evernorth CEO Asheesh Birla says the company's Nasdaq debut marks a major milestone for XRP (CRYPTO: XRP). The company plans to deploy its 473 million XRP holdings gradually into institutional lending and DeFi opportunities prioritizing security, liquidity and sustainable returns.

Evernorth CEO Shares Why He Chose XRP Over Bitcoin: 'With BTC You Can't Do Much On-Chain'

Zcash

Zcash (CRYPTO: ZEC) has surged roughly 3,000% over the past year, and the same early Bitcoin (CRYPTO: BTC) investors who became billionaires the first time around are now racing to repeat that trade. Why the Winklevoss Twins and Barry Silbert Are Betting Big on Zcash Cameron and Tyler Winklevoss of Gemini, along with Digital Currency Group founder Barry Silbert, both discovered Bitcoin around 2012 and built fortunes by investing early and launching businesses around it, according to Bloomberg.

Bitcoin's Early Winners Want a Repeat With Zcash: 'It's Deja Vu All Over Again'

Bitcoin Core is rewriting its approach to security vulnerabilities as artificial intelligence makes certain software flaws dramatically easier to discover, undermining the effectiveness of longstanding policies designed to keep potential exploits secret while users upgrade. Bitcoin Core Shifts Strategy as AI Gets Smarter In an Oct.

Bitcoin Core Changes Security Policy as AI Makes Vulnerabilities Easier to Find

The company's head of futures and prediction markets said bitcoin, gold and oil contracts are among its fastest-growing prediction markets.

Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports

Bloomberg Intelligence senior commodity strategist Mike McGlone warns that Bitcoin (CRYPTO: BTC) could plunge to $10,000 as AI-driven market risks, Federal Reserve tightening and an equity selloff trigger broader liquidation across risk assets. Why Will Bitcoin Plunge to $10,000?

Bitcoin Could Crash $10,000 if Equities Drop 20%, Bloomberg's McGlone Warns

▶ Parker Lewis argues Bitcoin will settle all global payments as $107T in debt strains the credit system, driving merchants toward zero-fee adoption.

Parker Lewis: Bitcoin Will Settle 100% of Global Payments

▶ Block launches 'Bitcoin Does' to onboard millions. Head of Bitcoin Marketing Maria Pesce explains how the campaign focuses on real-world utility over tech.

Block Releases THE Bitcoin National Ad Campaign

▶ Bloomberg's Mike McGlone warns Bitcoin could drop to $10K, citing ETF exhaustion, stock correlation, Fed rate hikes, and macro headwinds across assets.

Bloomberg's Mike McGlone: AI Risk Could Force Bitcoin Drawdown to $10,000

50T Funds founder Dan Tapiero says Bitcoin (CRYPTO: BTC) could eventually reach $1 million, but anyone buying today shouldn't expect the 100x returns early holders captured. Why Tapiero Says the Easy Gains Are Behind Us Tapiero told the When Shift Happens podcast Thursday that investors who bought Bitcoin near $100 or $1,000 made roughly 100x returns, a scale of gain he doesn't expect to repeat from current prices.

Bitcoin to $1 Million? Don't Expect 100X Returns Anymore, Dan Tapiero Says

Real Vision chief crypto analyst Jamie Coutts says a break above $86,000 could send Bitcoin (CRYPTO: BTC) toward $100,000 quickly, even as he shifts his own portfolio toward Ethereum and DeFi applications. Why Coutts Sees $100,000 Within Reach Coutts on Thursday told the Milk Road podcast that $85,000 to $86,000 marks a cluster of major resistance built from on-chain data, spot positioning and the high of May's counter-trend rally.

Bitcoin Could Send to $100,000 if it Breaks $86,000, Top Analyst Predicts

Developers merged a policy change that ends the months-long embargo for flaws a chatbot could rediscover, after a summer in which AI found hundreds of bitcoin bugs before the humans did.

Bitcoin Core changes security rules as AI makes finding code bugs dangerously easy

A growing market for bitcoin-backed, multisig-secured loans now has what appears to be its first bank offering this type of product, as Sygnum and Debifi delivered on a promise made a year ago.

You Can Get a Multisig Bitcoin Loan at a Bank, as Sygnum and Debifi Debut

BlackRock's IBIT led Thursday's net outflows with $254.1 million, while four other funds also witnessed withdrawals.

Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day's inflows

Earlier this week, CoinDesk discussed how risk management in bitcoin is becoming increasingly popular, steadily reducing the the largest cryptocurrency's volatility and making it more palatable to professional investors.

Bitcoin's volatility is well above euro-dollar gyrations, though it has calmed to rival Nvidia's

Bitcoin went quiet after a week of big swings, with tech futures steadying and Brent hitting its highest level since early May. The Fed meets next week.

Live updates: Bitcoin holds above $81,000 as the AI rout fades and oil climbs

Bitcoin rose 0.5% to around $81,700 since midnight UTC while the CoinDesk 80 gained 1.4% and memecoins climbed 2.9%.

Bitcoin steadies near $81,700 as altcoins rebound, pepe climbs 13%

The Bitwater element swaps a tank's resistance wire for 20 mining chips, and Heatbit says it uses the same electricity to heat the water.

Heatbit's $899 Water Heater Element Mines Bitcoin While It Heats Your Tank

Previous bitcoin bear-market lows followed U.S. midterms, but this year's recovery raises the possibility that the bottom arrived months earlier.

Bitcoin appears to have decoupled from midterm cycle bottom history

Chinese prosecutors have applied to confiscate over 61,000 BTC and other assets seized by UK authorities from a Ponzi-style fraud, with a Tianjin court accepting the case. A UK High Court ruling that Chinese law governs victims' proprietary claims adds complexity to the cross-border battle. The post Chinese Prosecutors Seek Confiscation of 61,896 BTC Seized in UK From Massive Fraud: Report appeared first on The Daily Hodl.

Chinese Prosecutors Seek Confiscation of 61,896 BTC Seized in UK From Massive Fraud: Report

The crypto market has been quiet as of late. Market analysts think that might actually be a good sign and that a bull market might be near.

News for Bitcoin Crypto (BTC)