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.

Alex Thorn, Head of Research at Galaxy Research, said late Sunday that hackers may be launching a fourth coordinated attack on the compromised cryptocurrency wallet Coldcard, which has already seen around 1,367 Bitcoin (CRYPTO: BTC) drained. Hackers Target Cold Wallet Thorn alerted on X that a fresh wave of attacks has pilfered 388.93 BTC, worth $24.53 million at prevailing prices, from 462 addresses in 218 transactions.

Bitcoin Worth $86 Million Stolen From Coldcard Crypto Wallets, Company Halts Shipments, Destroys Remaining Units

Anthony Pompliano separated the Coldcard security failure from Bitcoin's protocol as verified losses exceeded $86 million. His warning arrives amid bearish sentiment, when technical incidents can quickly magnify fear, misinformation, and internal conflict. Pompliano Challenges the ‘Bitcoin Was Hacked' Narrative Bitcoin investor and entrepreneur Anthony Pompliano addressed the Coldcard security incident on Aug.

Bitcoin Wasn't Hacked in Coldcard Attack, Pompliano Explains

Dogecoin

Ethereum

Leading cryptocurrencies edged higher on Sunday as investors weighed President Donald Trump's remarks about a potential Iran peace agreement.

Bitcoin, Ethereum, XRP, Dogecoin Gain After Trump Holds Off Iran Strikes: Analyst Sees 'Strong and Vital Move' by BTC if This Happens

Bitgo Chief Executive Officer Mike Belshe turned one of artificial intelligence's biggest security debates into a public bitcoin challenge by placing 100 BTC, worth roughly $6.3 million at the time, into a publicly known wallet and inviting Anthropic's Claude models to steal it.

Bitgo CEO Funds 100 BTC Wallet, Dares Anthropic's AI to Steal It

After June's brutal slide from May, bitcoin miners finally caught a bit of breathing room. July mining revenue climbed by $38.93 million over June, offering a modest rebound, but not enough to erase the pressure many operators have been battling for months.

Bitcoin Miners Face August Showdown After Revenue Rebound

The Coldcard security incident entered another chapter after a public bitcoin transaction offered laundering services to the thief behind one of the largest self-custody bitcoin thefts ever recorded, while users also reported emergency firmware updates leaving some hardware wallets unusable.

Coldcard Hacker Gets Brazen Bitcoin Laundering Offer Onchain

CME is arguing that the contracts are commodity option swaps subject exclusively to the CFTC's oversight rather than the SEC's.

SEC keeps Nasdaq bitcoin options on hold after granting CME review

Coinkite, the company behind Coldcard, the hardware wallet affected by a vulnerability in its seed generation code, might face legal action from victims who have lost over $88 million in BTC over the last two days.

Coinkite Faces Class Action Threat as Bitcoin Wallet Bug Costs Users Over 1,300 BTC

Cardano

Bitcoin's late-July rally collapsed into a $3,000 flash drop to $62,236 on July 31, erasing $40 billion in market capitalization. Total crypto market capitalization fell from $2.33 trillion to $2.22 trillion, while total altcoin market cap dropped to $964 billion.

BTC Plunge Triggers Altcoin Sell-off as ADA Bucks the Trend

Strategy has gone five consecutive weeks without a disclosed bitcoin purchase; the firm last reported holding 843,775 BTC acquired for $63.69 billion.

Saylor hints at Strategy bitcoin buy after five-week pause as STRC rate stays at 12%: ‘Bitcoin Drive engaged'

Galaxy Research says a third wave of thefts from Coldcard Bitcoin wallets has pushed observed losses to roughly 1,367 BTC across 4,585 addresses.

Coldcard Bitcoin Exploit Balloons to $88 Million as Attackers Keep Draining Wallets

The company said a similar transfer to Crypto.com in May was part of a broader trading strategy and did not represent a sale.

Trump Media-linked wallets move $165 million in bitcoin to Crypto.com, leaving 4,261 BTC in tracked wallets

Michael Saylor's latest tracker post has revived expectations that Strategy could announce another bitcoin purchase on Monday. The signal follows recent treasury sales that reduced the company's holdings to 843,775 BTC. Saylor's ‘Bitcoin Drive' Post Revives Buy Expectations Strategy Inc.

Bitcoin Drive Engaged: Saylor's New Message Sparks Buy Speculation

A firmware bug in Coldcard devices allowed attackers to drain over 1,000 BTC worth around $70 million from dormant wallets in under an hour on July 30. Binance founder CZ urged users to diversify holdings across multiple wallets for better protection. The post Hardware Wallets Expose Bitcoin Holders to Massive Losses After Firmware Flaw Enables Remote Drains appeared first on The Daily Hodl.

Hardware Wallets Expose Bitcoin Holders to Massive Losses After Firmware Flaw Enables Remote Drains

Strategy plans to sell more Bitcoin, a major AI hedge fund imploded, AI and tech stocks are down, yet BTC holds range. Is it time to rally?

Bitcoin Price Is Stuck Trading Sideways, but Is an $80K Rally in the Cards?

The Coldcard vulnerability has smaller bitcoin holders moving funds onto exchanges for safety, according to blockchain analytics firms. This is opposite of the trend seen following the FTX collapse in late 2022.

Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges

Fears are swirling that news of the attack could drive the bitcoin price lower

‘Attacks Are Ongoing'—Urgent Warning Issued After Sudden Spread Of Massive Bitcoin Attack

The government of Russia has included the city of Moscow and other regions in a 2024 decree banning cryptocurrency mining activities from August 15 to December 31, 2032. The amendment also includes the Moscow region and some territories of the Kursk region.

Moscow Bitcoin Mining Ban Hits Data Centers Until 2032

Michael Saylor rejected claims that Strategy had approved a new $5 billion bitcoin sale plan, identifying the authorization as an existing capital-management tool. His clarification separates potential selling capacity from an immediate decision to reduce holdings. Saylor Pushes Back on Viral Bitcoin Sale Claim Strategy Executive Chairman Michael Saylor pushed back Aug.

Michael Saylor Rejects Report of New Strategy Bitcoin Sale Approval

Customarily, Michael Saylor and team have lifted the STRC dividend when it trades sizably below par, but not this month.

Strategy holds STRC dividend at 12%

A suspected third wave of Coldcard-related bitcoin sweeps has pushed the observed incident to an estimated 1,367 BTC, while exchange deposits and long-dormant wallet activity have added two more signals for analysts to watch.

Coldcard Theft Balloons to $88M as Exchange Deposits Spike, Old BTC Moves

Galaxy Research flagged a third wave of sweeps tied to weak Coldcard-generated keys, with the attacker now targeting smaller balances and changing how funds are collected onchain.

Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million

Andrey Poroshin, a financial analyst at Bitbanker, an exchange with a presence in Russia, the UAE, and Kyrgyzstan, stresses that bitcoin will retest $60K lows as excess liquidity is withdrawn to recover $70K later, a price still below the base cost of mining in the U.S.

Analyst: Bitcoin Drops to $60K in August Before Rebounding to $70K

A standard six-sided die produces about 2.6 bits of unpredictable information with every roll. That may not sound like much, but repeated enough times, those rolls can create the raw randomness needed to secure a bitcoin wallet without relying on software or an electronic component.

Dice Rolls Keep Bitcoin Keys Offline, but Not Everyone Will Bother

U.S. spot bitcoin ETFs posted $265.4 million in net outflows on July 31, led by Blackrock's IBIT, while spot ether ETFs pulled in roughly $9 million the same day. A Sharp One-Day Reversal US spot bitcoin ETFs recorded $265.4 million in total net outflows on July 31.

News for Bitcoin Crypto (BTC)