BITCOIN
Bitcoin (BTC) is the world’s first open-source, peer-to-peer cryptocurrency developed by a pseudonymous person or group of people under the name of Satoshi Nakamoto in 2008. The identity of Satoshi Nakamoto remains a mystery. The crypto is run on distributed ledger technology, also known as blockchain. Bitcoin allows for lower transaction fees than traditional online payment systems, and is decentralized, unlike government-backed currencies. Bitcoin is the world’s largest cryptocurrency by market capitalization and has a limit of 21 million coins. The cryptocurrency uses a proof-of-work protocol to enable security, privacy, and legitimacy of monetary transactions. The issuance of Bitcoin requires mining, where programmers solve a difficult cryptographic puzzle to be able to mine Bitcoin, which earns them a reward. Bitcoin remains the most popular cryptocurrencies, all other cryptocurrencies are known as altcoins.
Cathie Wood predicts Bitcoin preference shift due to ETFs and growing gold connection
ARK Invest CEO Cathie Wood reports a shift from traditional gold investments to Bitcoin, driven by spot Bitcoin ETFs and its increasing 'risk-off' role, especially during economic uncertainties like the regional bank crisis.
Tether's Financial Triumph: Record $2.85B Q4 Profit and Strategic Asset Growth
Tether Holdings Limited reported a Q4 2023 profit of $2.85 billion, boosted by US Treasuries, Gold, and Bitcoin reserves, and a net profit of $6.2 billion, showcasing strong financial health.
Germany's Largest Bitcoin Seizure: 50,000 BTC Confiscated in Piracy Probe
German authorities seized 50,000 Bitcoins linked to a piracy website, with suspects transferring the digital currency to police wallets, causing uncertainty in cryptocurrency enforcement.
Deutsche Bank Survey Predicts Bitcoin Could Plunge Below $20K
Deutsche Bank survey indicates pessimistic Bitcoin price outlook, with 33% expecting it to drop below $20,000 by 2024, while 15% anticipate stabilization between $40,000 and $75,000.
Google to Unleash Bitcoin ETF Ads
Google will allow Bitcoin and other cryptocurrencies, including Bitcoin ETFs, to be published on its platform starting January 29, 2024. This move is significant for the blockchain and cryptocurrency sectors, as it increases exposure and awareness among a vast audience. The policy change will require advertisers to comply with local regulations.
US Government to Auction $130 Million in Silk Road Bitcoin
The US government is auctioning over $130 million in Bitcoin seized from the Silk Road case, involving digital assets linked to criminal activities. This significant move reflects the evolving approach to handling cryptocurrencies in law enforcement.
B Squared Network Announces Seed Investments by HashKey Capital, OKX Ventures, IDG Capital
B² Network secures significant seed investments from top venture capitals for its innovative Bitcoin Layer 2 solutions, aiming to transform Bitcoin's utility and adoption in the crypto ecosystem.
Craig Wright's Settlement Offer in Bitcoin Litigation Sparks Debate Over Decentralization
Dr. Craig Wright, self-proclaimed Bitcoin creator, has offered a settlement to COPA in ongoing legal battles, raising questions about Bitcoin's decentralization and the future governance of the cryptocurrency.
Hut 8 Mining Corp Refutes JCapital Research's Allegations
Hut 8 Mining Corp, a leading Bitcoin miner, strongly refutes allegations by JCapital Research in a recent short report, emphasizing their commitment to transparency and urging stakeholders to refer to official SEC and Canadian regulatory filings for accurate information.
New MacOS Malware Hijacks Crypto Wallets Via Pirated Apps
Kaspersky Labs discovers a new malware targeting macOS users via pirated apps, replacing legitimate Bitcoin and Exodus wallets with infected versions, highlighting the risks of downloading unauthorized software.
Arthur Hayes Talks about BTC and SPX Post U.S. BTC ETF Launch
Arthur Hayes has highlighted the evolving relationship between Bitcoin and the S&P 500, raising questions about market dynamics, liquidity, and future asset trajectory.
CoinGecko Report: 2023 Crypto Industry Rebounds with Resilience and Transformation
2023 saw a resilient crypto industry with a 108.1% increase in market cap to $1.72T and a total trading volume of $36.6T. NFT trading reached $11.8B, while stablecoins like Tether maintained a strong presence. Bitcoin's value rose significantly, contributing to the year's positive momentum.
Canada Tightens Crypto Asset Regulations for Public Investment Funds
The Canadian Securities Administrators propose regulatory changes for public investment funds handling crypto assets, focusing on custodianship standards and limiting direct crypto dealings to specific fund types.
ProShares to Expand Cryptocurrency Offerings with Five Innovative Bitcoin ETFs
ProShares plans to launch five innovative Bitcoin ETFs, offering leveraged and inverse exposure to Bitcoin through the Bloomberg Galaxy Bitcoin Index, marking a significant development in cryptocurrency investment vehicles.
Deepfake Dangers: Michael Saylor Alerts Followers to Emerging Bitcoin Scams
MicroStrategy Chairman Michael Saylor warns of deepfake scams on YouTube, using AI to mimic him promoting Bitcoin giveaways. He stresses the need for vigilance and verification to protect against these sophisticated frauds.