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 Norwegian government has announced plans for a temporary ban on new data centers engaged in power-intensive cryptocurrency mining, in an effort to conserve electricity for other industries.

From Subsidies to Shutdowns: Norway Moves to Restrict Bitcoin Mining

Bitcoin Magazine Is the 4-Year Bitcoin Cycle Over? Rational Root Explains Why This Time Might Not Be Different Rational Root joins Bitcoin Magazine Pro to debate whether the 4-year Bitcoin cycle is breaking down in the age of ETFs, passive flows, and institutions. This post Is the 4-Year Bitcoin Cycle Over? Rational Root Explains Why This Time Might Not Be Different first appeared on Bitcoin Magazine and is written by Mark Mason.

Is the 4-Year Bitcoin Cycle Over? Rational Root Explains Why This Time Might Not Be Different

Dogecoin

The government said it will "explore the possibility of temporarily prohibiting the establishment of new data centers in Norway that extract cryptocurrency."

Bitcoin, Dogecoin Targeted as Norway Eyes Ban on New Crypto Mining Operations

Jasper County Sheriff Chuck Havard told Decrypt that authorities have likely accessed the machines before.

Texas Sheriffs Crack Bitcoin ATM With Power Tools to Retrieve $32,000

What started as a positive day for crypto markets quickly reversed during the U.S. session with bitcoin BTC sliding below $103,000 from the $106,500 level just hours earlier.

Bitcoin Quickly Plunges Below $103K, With Volatility Burst Spurring $450M in Crypto Liquidations

Bitcoin Magazine What Happens to Bitcoin When Quantum Computers Arrive? A high level overview of the recent report by Chaincode Labs on the threat quantum computing poses to Bitcoin. This post What Happens to Bitcoin When Quantum Computers Arrive? first appeared on Bitcoin Magazine and is written by Anthony Milton and Clara Shikhelman.

What Happens to Bitcoin When Quantum Computers Arrive?

A major corporate Bitcoin holder is hiring a new BTC Strategy Director with ambitious plans for the end of this year. According to a new press release, medical technology firm Semler Scientific is bringing on Joe Burnett to head up its BTC strategy division.

Bitcoin Hoarder Semler Scientific Appoints New Bitcoin Strategy Director, Aims for 10,000 BTC by Year-End

Bitcoin Cash

While Bitcoin dozes near $103K, Bitcoin Cash and Bitcoin SV are on the rise, upstaging the flagship coin as traders chase double-digit gains.

Bitcoin Cools, But Forks Are on Fire as BCH and BSV Torch the Charts: Analysis

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Tether CEO blasts cloud security after massive password leak, Kraken launches bitcoin ‘staking,' and more

Ethereum

Solana

A widely followed crypto analyst says one leading layer-1 altcoin project may not have another 2024-style bull run.

Trader Says Major Layer-One Altcoin Unlikely To Repeat 2024-Style Run, Updates Outlook on Bitcoin and Ethereum

Peter Schiff, vocal proponent of gold and a longtime critic of cryptocurrencies and bitcoin BTC, said he intends to launch his own gold-backed token while taking a dig at the value of U.S. dollar-pegged stablecoins.

Peter Schiff Says He 'Gets Bitcoin' But Not USD-Pegged Stablecoins, Floats Gold-Backed Token Plan

Will Bitcoin's next move be a spike to a fresh all-time high price, or a sharp plunge? Myriad users make their predictions on this and more.

Myriad Moves: Will Bitcoin Set a New All-Time High? Plus Strategy and PENGU Predictions

Semler Scientific (SMLR) has hired Joe Burnett to the newly created position of director of Bitcoin strategy.

Semler Scientific Investors Cheered by New Hire, Lofty Bitcoin Acquisition Goals

Bitcoin Magazine Sorted Wallet Integrates Breez SDK to Enable Bitcoin Payments on Feature Phones The integration brings non-custodial Lightning support to simple devices, expanding bitcoin access to an estimated 300 million users. This post Sorted Wallet Integrates Breez SDK to Enable Bitcoin Payments on Feature Phones first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Sorted Wallet Integrates Breez SDK to Enable Bitcoin Payments on Feature Phones

Waller made the comments on Friday during an interview with CNBC, just two days after the Federal Reserve voted to keep rates unchanged for the fourth time in a row. Waller's Dovish Comments Lift Bitcoin, But Only Temporarily Perhaps U.S.

Bitcoin Seesaws After Fed Governor Waller Hints at a July Rate Cut

Bitcoin Magazine Parataxis Holdings to Create South Korea's First Bitcoin Treasury Company Parataxis Holdings LLC has entered into a definitive agreement to acquire a controlling interest in South Korean biotech company Bridge Biotherapeutics, Inc. (KOSDAQ: 288330) for KRW 25 billion ($18.3 million), marking the creation of South Korea's first institutionally backed Bitcoin treasury company.

Parataxis Holdings to Create South Korea's First Bitcoin Treasury Company

Although inflows into spot bitcoin exchange-traded funds (ETFs) have tapered off, Blackrock's Ishares Bitcoin Trust ETF has nonetheless drawn more than 20,000 BTC—valued north of $2 billion at current exchange rates—in just the past two weeks. From $23 to $59 per Share: IBIT's 151% Leap Mirrors Bitcoin's Relentless Climb Two weeks ago, Bitcoin.

Blackrock's Bitcoin Stash Now Worth $72B—ETF Swallows 3.44% of BTC in Circulation

Bitcoin Magazine KindlyMD Secures $51.5M to Accelerate Its Bitcoin Treasury Strategy KindlyMD secures a total of $763M as it prepares to merge with Bitcoin-native Nakamoto Holdings to build one of the largest public Bitcoin treasuries. This post KindlyMD Secures $51.5M to Accelerate Its Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

KindlyMD Secures $51.5M to Accelerate Its Bitcoin Treasury Strategy

Nakamoto and KindlyMD plan to merge for a bitcoin treasury strategy, joining a BTC balance sheet trend with participants like the First Family and GameStop.

David Bailey's Nakamoto and KindlyMD raise bitcoin treasury target to $763 million with new PIPE funding

Fed futures traders penciled in a 14% chance that the U.S. central bank would cut rates in July on Friday.

Bitcoin Holds Ground as Fed's Waller Calls for July Rate Cut

KindlyMD (NAKA), a Salt Lake City-based health-care data firm merging with bitcoin-focused holding company Nakamoto, raised another $51.5 million for bitcoin BTC purchases, the companies announced Friday.

KindlyMD Raises Another $51.5M for Bitcoin Treasury Strategy

Bridge Biotherapeutics (288330), a South Korean biotech company, may be looking to become the country's answer to Strategy (MSTR) or Metaplanet (3350) by adopting a bitcoin treasury strategy.

A South Korean Biotech Firms Gets $183.3M Funding to Build Bitcoin Treasury

Bitcoin Magazine BitBox Announces BitBox02 Nova, A New Hardware Wallet For Bitcoin BitBox's latest wallet introduces iOS support, Bluetooth isolation, and hardware security for Bitcoin self-custody. This post BitBox Announces BitBox02 Nova, A New Hardware Wallet For Bitcoin first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

BitBox Announces BitBox02 Nova, A New Hardware Wallet For Bitcoin

Bitcoin demand growth is decelerating after a rally toward $112,000, with key indicators signaling a potential slowdown phase, according to a new Cryptoquant Institutional Insights report. Profit-Taking Dominates Futures Market Amid Bitcoin Slowdown Cryptoquant's analysis reveals bitcoin spot demand continues expanding but at a sharply reduced pace.

Bitcoin Demand Shows Signs of Cooling as Whale and ETF Purchases Halve: Cryptoquant

Bitcoin Magazine South Korea Moves Closer to Approving Spot Bitcoin ETFs South Korean Financial regulators submit an implementation roadmap for Bitcoin and crypto ETFs as institutional adoption accelerates globally. This post South Korea Moves Closer to Approving Spot Bitcoin ETFs first appeared on Bitcoin Magazine and is written by Vivek Sen.

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