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.
CoinShares: Hawkish FOMC Meeting Triggers $600M Outflows in Digital Asset Funds
Digital asset investment products saw $600 million in outflows, primarily in Bitcoin, following a hawkish FOMC meeting, according to CoinShares.
Bitcoin (BTC) Layer 2 Revolution: The Role of Ordinals in Sparking Innovation
Ordinals have ignited a surge of innovation in Bitcoin’s Layer 2 ecosystem.
OKX Adjusts Minimum Trade Amounts for Spot Trading Pairs
OKX announces adjustments to the minimum trade amounts for specific spot trading pairs to enhance market liquidity.
Bitcoin (BTC) Network Faces Divergence Between Activity Metrics and ETF Demand
Bitcoin network sees declining active addresses but surging transaction counts amidst ETF inflows.
Bitfinex: Bitcoin (BTC) Community Adapts with Decentralized Privacy Solutions Amid Regulatory Scrutiny
Bitcoin (BTC) users shift towards decentralized privacy solutions following regulatory challenges.
Bitcoin (BTC) Shows Resilience Amid Macroeconomic Uncertainties
Bitcoin remains resilient despite macroeconomic challenges and high leverage in the market.
Bitfarms Implements Shareholder Rights Plan Amid Riot Platforms' Hostile Takeover Attempt
Bitfarms adopts a shareholder rights plan to counter Riot Platforms' takeover attempt and ensure fair value for shareholders.
CoinShares: Digital Asset Funds See $2 Billion Inflows Amid Anticipation of Rate Cuts
Digital asset funds witness $2 billion inflows in early June, driven by rate cut expectations.
Marathon Digital Holdings Reports 22% Increase in Bitcoin Mining Hash Rate for May 2024
Marathon Digital Holdings boosts Bitcoin mining hash rate by 22% in May 2024.
Bitcoin-Based NFTs: Ordinals and Runes Surge in Market Cap and Popularity, Reports CoinGecko
Explore the growth of Bitcoin-based NFTs, Ordinals and Runes, in market cap and user adoption.
Glassnode: Bitcoin (BTC) Investors See Speculative Activity amid Mt. Gox Distribution Preparations
Bitcoin market sees speculative activity with Mt. Gox preparing for BTC distribution.
Riot Platforms Reports Decline in May Bitcoin (BTC) Production, Expands Hash Rate
Riot Platforms announces a decrease in May 2024 Bitcoin production but boosts hash rate to 14.7 EH/s.
Bitcoin (BTC) Enters Accumulation Phase Amid Market Adjustments
Bitcoin (BTC) enters accumulation phase as market adjusts post-all-time high.
Bitfarms (BITF) Reports Significant Hashrate Increase and Operational Expansion
Bitfarms earned 156 BTC in May 2024, increased hashrate to 9.5 EH/s, and secured additional hydropower.
Digital Asset Inflows Hit $2bn in May, Ethereum (ETH) Sees Positive Sentiment Shift
Digital asset funds see $2bn inflows in May, Ethereum sentiment turns positive.
