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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.

The transfers were made via two potentially related wallet addresses, moving 500 BTC each in close proximity.

Bitcoin worth over $60 million moved for the first time in 10 years

The Tokyo-listed company has adopted bitcoin as its treasury reserve asset in response to mounting government debts and weakening yen.

Japan's Metaplanet adopts bitcoin as reserve asset amid yen slump

In a significant move towards transparency, El Salvador's National Bitcoin Office (ONBTC) has announced the launch of its own mempool space. This development allows anyone to view the country's bitcoin treasury holdings. The initiative is supported by Mempool, which revealed it has provided a custom instance of The Mempool Open Source Project for the ONBTC.

El Salvador Enhances Bitcoin Treasury Transparency With Launch of Dedicated Mempool Space

A crypto trader who nailed the 2022 Bitcoin bottom thinks that BTC is at risk of witnessing an over 15% correction. In a new strategy session, pseudonymous analyst DonAlt tells his 59,300 YouTube subscribers that Bitcoin is in danger of losing its range low and support at $61,000 again after reclaiming it earlier this month.

Top Analyst Issues Bitcoin Warning, Says BTC at Risk of Flashing ‘Ginormous' Sign of Weakness

The announcement comes at a time when Japan's fiscal crisis is said to be playing out in the currency market.

Metaplanet Makes Bitcoin a Reserve Asset As Japan's Debt Mountain Grows

El Salvador, the first country in the world to adopt Bitcoin (CRYPTO: BTC) as legal cash, launched its own platform to make information on its treasury holdings accessible and transparent to the general public. What Happened: According to the National Bitcoin Office, an agency tasked by the El Salvador government to oversee all things related to the cryptocurrency, informed via an X post about the launch of a mempool-like space, where details like treasury holdings and Bitcoin transactions in can be tracked 24×7.

El Salvador Is Making It Easy For Everyone To Know How Much Bitcoin The Country Holds, Launches New Platform Aimed At Fostering Transparency

Recent options data from Binance has revealed a concentration of open interest in bitcoin options at a strike price of $75,000 for the end-of-June expiry.

Bitcoin Options Data Indicates Expectations of Price Surge Towards Highs by End June

The Runes protocol, known for enabling the creation of fungible tokens on the Bitcoin blockchain, has experienced a significant decrease in activity since its initial week of trading.

Bitcoin's Runes Protocol Witnesses Declining Activity and Fee Revenue

Lightning Labs, the developer behind Bitcoin's Lightning Network, has conducted successful tests of a protocol aimed at enabling stablecoins to be issued on the Bitcoin blockchain.

Lightning Labs Conducts Successful Tests Enabling Stablecoins on Bitcoin Blockchain

Wells Fargo, one of the prominent banking institutions in the United States, has revealed its foray into the world of cryptocurrencies

Wells Fargo Ventures into Crypto with Bitcoin ETF Investments

In what has been a rather uneventful week for the crypto market, most cryptocurrencies experienced a downward trend.

Crypto Market Sees Lackluster Performance as Bitcoin Struggles to Regain Momentum

Noted economist and staunch Bitcoin (CRYPTO: BTC) critic, Peter Schiff, ridiculed opponents' claims that he secretly owns the King Crypto. What Happened: The gold proponent trashed the ongoing speculation from certain section of his critics, calling them "drunk on the Kool-Aid.

Peter Schiff Says He Gets A 'Kick' Out Of Fanatics Accusing Him Of Secretly Owning Bitcoin: They Are 'Drunk On The Kool-Aid'

Dogecoin

Ethereum

Leading cryptocurrencies remained range-bound over the weekend, with bears continuing to provide tough resistance to the market's drive for sustained gains. Cryptocurrency Gains +/- Price (Recorded 8:30 p.m.

Bitcoin, Ethereum, Dogecoin Trade Mixed After Turbulent Week: Analyst Says King Crypto Can Rise To $76K Level If It Reclaims This Crucial Support

Bitcoin Bitcoin has stormed into 2024, topping its previous all-time high and now braced for a predicted "enormous" China earthquake.

‘Beyond' $20 Trillion By 2030—Jack Dorsey's Plan To Turbocharge The Bitcoin Price

Bitcoin faces a pivotal period that echoes the past block size wars, according to Bitcoin Core contributor Matt Corallo. In a recent blog post, Corallo examines the ongoing struggles within the Bitcoin community that could determine the future of the pioneering cryptocurrency.

Bitcoin's ‘Existential' Challenge: Core Developer Warns of a New Era of Internal Struggles

David Bailey, CEO of Bitcoin Magazine, has disclosed his nexus with the campaign of former President Donald Trump. Bailey and his team have advised Trump to develop a Bitcoin and crypto-friendly agenda, including signing a crypto-focused executive order on day one. He declared that crypto enthusiasts will not vote for Trump but against Biden's crypto policies in the upcoming elections.

Bitcoin Magazine CEO Discloses Links With Trump Campaign: “It's Time for Bitcoin to Elect the Next President”

Hong Kong's approval of spot Bitcoin and ether ETFs is seen by some as a tacit approval of crypto by mainland China, which banned crypto in 2021.

Hong Kong's crypto ETF approvals had Bitcoin Asia attendees eyeing the mainland: SCMP

On May 12, as bitcoin hovered slightly above the $61,000 mark, two dormant bitcoin wallets, inactive for over ten years and eight months, executed transactions totaling 1,000 bitcoins valued at approximately $61.1 million. It appears that both wallets, created on the same day, were owned by the same individual.

Bitcoin Whale From 2013 Resurfaces, Moves Over 1,000 BTC Worth $61 Million

Roses are red, violets are blue, flowers are overrated, does Mom want crypto from you? If you're struggling with what to get your mom for Mother's Day, a gift of cryptocurrency is an option.

If You Bought Your Mom $100 In Bitcoin, Dogecoin And Ethereum Last Mother's Day, Here's How Much She'd Have Today

Recent figures show that despite bitcoin's downturn in price, premiums in South Korea have diminished yet remain around $1,800 to $2,000 higher than BTC's weighted global average price. Further metrics reveal that the South Korean won still ranks as the second most traded fiat currency against bitcoin, accounting for 2.

South Korea's Bitcoin Premium Narrows, Yet Remains Above Global Average

Cardano

It was an eventful week in the crypto world, with former President Donald Trump expressing his support for the industry, Charles Hoskinson accusing President Joe Biden of stifling the American crypto industry, and Trump's pledge to enable crypto donations for his 2024 campaign. Here's a roundup of the top crypto stories from the weekend.

Trump's Pro-Crypto Stance, Cardano Founder Slamming Biden, Kevin O'Leary On Cathie Wood's Bitcoin Prediction: Top Crypto Stories This Week

Popular on-chain analyst Willy Woo strongly believes that Bitcoin (BTC) will ultimately achieve a seven-figure price tag. Woo tells his 1.1 million followers on the social media platform X that he's convinced Bitcoin's value will skyrocket to $1 million in the coming years.

Willy Woo Predicts $1,000,000 Bitcoin ‘Will Happen Easily,' Says Multiple Signals Now Flashing Bullish

In an early test for the new protocol, activity has fallen since its blockbuster launch three weeks ago drew in $135 million in fees.

Three weeks after its blockbuster launch, Runes faces declining activity

Billionaire and tech entrepreneur Jack Dorsey expects big things from Bitcoin (BTC) in the next six years. In a new interview with tech-focused news site Pirate Wires, the Twitter co-founder predicts that the top crypto asset will skyrocket to “at least” $1 million by 2030. “I do think it hits that number and goes beyond.

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000' by 2030: Report

Top cryptocurrencies Bitcoin and Ethereum are down and meme coins followed—but they at least kept things interesting.

News for Bitcoin Crypto (BTC)