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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.

Emojis associated with Bitcoin (CRYPTO: BTC) and other cryptocurrencies have disappeared from the Elon Musk-owned social platform X (formerly Twitter), which is home to some of the largest active crypto communities. What Happened: The removal of these emojis was not announced by X's social media accounts or press pages as of Friday morning in Europe.

Elon Musk's X Axes Bitcoin, Crypto Emojis From Hashtags

Mezo, a Bitcoin scaling network built by venture studio Thesis, has raised $7.5 million in a strategic funding round.

Bitcoin scaling network Mezo raises $7.5 million in new funding

Before former President Donald Trump's appearance at the Bitcoin 2024 conference in Nashville, the price of bitcoin (BTC) climbed to an intraday peak of $67,991 per unit. This increase led to the liquidation of approximately $55.21 million in bitcoin short positions, out of a total of $79.

Bitcoin Peaks at $67,991 Ahead of Trump's Bitcoin Conference Appearance

The ongoing Bitcoin 2024 conference, one of the largest gatherings in the cryptocurrency industry, is once again highlighting the persistent gender imbalance in the sector. What Happened: According to data compiled by DL News, only about 13% of the conference's speakers are female-presenting, a decrease from approximately 17% five years ago.

87% Of Bitcoin Conference Speakers Are Men — Why Are There So Few Women?

Maga Memecoin (CRYPTO: TRUMP) is rallying ahead of the Bitcoin (CRYPTO: BTC) conference in Nashville this weekend. What Happened: Sistine Research predicted a “massive” breakout for the meme coin from its 150-day range.

Trump-Themed MAGA Memecoin Rallies 12% Ahead Of Bitcoin Conference, Analytics Show 'Signs Of Another Sentiment Wave'

A look at what changed Trump's mind concerning Bitcoin.

Why Did Trump Change His Mind on Bitcoin?

The U.S. Department of State has highlighted the relevance of recognizing bitcoin as a legal tender for the rebirth of tourism in El Salvador. In a recently released investment climate report, the department states that this factor has given significant publicity to El Salvador, contributing to its popularity as a tourist destination. U.S.

US Department of State Highlights Bitcoin's Significance for Tourism in El Salvador

Ethereum

Bitcoin (CRYPTO: BTC) has rebounded back above $67,000 thanks to Bitcoin ETFs gaining traction while Ethereum ETFs face headwinds. What Happened: Data from July 25 reveals a net outflow of $152 million from Ethereum spot ETFs, highlighting a growing investor apathy towards the world's second-largest cryptocurrency.

Bitcoin Rebounds To $67K, Ethereum To $3,250: Are ETFs Buying Again?

The latest price moves in bitcoin (BTC) and crypto markets in context for July 26, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Bitcoin Regains $67,000, Adds Nearly 5% in 24 Hours

A leak has revealed pro-bitcoin Republican senator Cynthia Lummis is drafting legislation that would require the U.S.

Leak Reveals A ‘Big' Fed Earthquake Could Suddenly Smash The Price Of Bitcoin, Ethereum, XRP And Crypto

Solana

Pepe

A widely followed crypto analyst and trader believes that one memecoin is heading for the next leg up. Pseudonymous crypto trader Altcoin Sherpa tells his 216,400 followers on the social media platform X that Pepe's (PEPE) market fundamentals look strong. “PEPE: never got a chance to add at $0.00001111, I'm still in this though.

Analyst Says Ethereum-Based Altcoin ‘Looks Strong as Hell,' Outlines Path Forward for Bitcoin and Solana

A village in Kenya has grabbed headlines for its community-driven approach to adopting Bitcoin (CRYPTO: BTC) in every aspect of life. From Local Shops And Gyms, Bitcoin Is Everywhere In a post dated 23 June, Jusper Machogu, who introduces himself as a small-scale rural farmer and a fossil fuel advocate, shared videos, highlighting the growing acceptance of Bitcoin in his community.

Bitcoin A 'Perfect Solution' To Some African Problems, Says Fossil Fuel Advocate — From Electricity To Gyms, This Is How King Crypto Is Helping A Village

The Bitcoin 2024 conference continues today in Nashville with major keynotes from Michael Saylor, Cathie Wood, Edward Snowden, Robert F. Kennedy Jr. and other Bitcoin leaders speaking today.

WATCH: Robert F. Kennedy, Michael Saylor to Speak at Largest Bitcoin Conference in Nashville

Lightning Labs, an institution dedicated to research and development related to the Lightning Network, Bitcoin's second layer, has announced the rollout of Taproot Assets. This solution allows for issuing multiple tokens on top of it. The institution aims to capitalize on the popularity and volume of stablecoins to establish bitcoin as the global routing currency.

Lightning Labs Rolls out Taproot Assets Seeking to Bring Stablecoins to Lightning Network

Logos for several tokens started to first appear on X, previously Twitter, in 2020, as a step to improve brand adoption and recall on the internet.

Elon Musk's X Quietly Removes Bitcoin, MAGA Emojis From Hashtags

The Bitcoin mining hashrate, a leading indicator for bitcoin rallies, has improved, one observer said, explaining the bullish outlook.

Bitcoin Analysts Express Optimism as Price Nears Resistance Level That Stymied It in May

Bitcoin short liquidations spiked to more than $34 million in the past 24 hours after it rallied above the $67,000 mark.

Bitcoin breaks above $67,000 ahead of Trump's upcoming keynote speech

AAVE is surging following a token buyback proposal.

BTC Outperforms Broader Crypto Market, Ether Price Drop Mirrors Bitcoin ETF Launch

In a recent interview, Presidential candidate Robert F. Kennedy Jr. suggested that the federal government should acquire enough Bitcoin to match the value of the nation's gold reserves.

Robert F. Kennedy Jr. Proposes Massive Bitcoin Reserve for the U.S. Government

The presidential candidate said he has most of his wealth in the digital asset.

U.S. Presidential Candidate RFK Jr. Says He's 'Fully Committed' to Bitcoin

Dogecoin

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Bitcoin (BTC) while offering his insight into two other digital assets.

Crypto Trader Says Bitcoin Ascent Above $100,000 Will ‘Come Rapidly,' Updates Outlook on Ethereum and Dogecoin

Though the market has shown signs of resiliency, oscillating sentiment between risk-on and risk-off among investors weighs heavily.

Bitcoin, Ethereum Regain Footing Even as Demand for ETFs Sour

Jersey City mayor Steven Fulop announced allocating a portion of the city's pension fund to Bitcoin spot exchange-traded funds (ETF,) becoming just the second pension fund after Wisconsin to get exposure to the price moves of the apex cryptocurrency. What Happened: The mayor informed Thursday that the pension fund is updating paperwork with the Securities and Exchange Commission (SEC) to invest in the investment vehicles that have been trading on US stock markets since early January.

Jersey City Pension Fund To Follow Wisconsin's Lead With Bitcoin ETF Investment: 'I've Been A Long Time Believer In Crypto,' Says Mayor Fulop

MicroBT's founder and CEO, Dr. Yang, announced the latest generation of WhatsMiner products in Nashville.

MicroBT Unveils New WhatsMiner M6XS+ Series at Bitcoin 2024 Conference

Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet.

News for Bitcoin Crypto (BTC)