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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.

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.

This Week in Coins: Bitcoin Is Boring But Bizarre Meme Coin Antics Continue

Based on the three-day simple moving average, Bitcoin's hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating transfer fees ranging from $1.50 to $3.65 per transaction.

Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving

The largest bank in the United States, JPMorgan Chase & Co. (NYSE:JPM), has disclosed a significant investment in Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) despite its CEO Jamie Dimon's persistent criticism of cryptocurrencies. What Happened: JPMorgan has invested approximately $760,000 in spot Bitcoin ETFs on behalf of its clients, according to recent filing with the Securities and Exchange Commission (SEC).

JPMorgan Reports $760K Spot Bitcoin ETF Holdings Even As CEO Jamie Dimon Called For Shutting Down Crypto Industry

Bitcoin Bitcoin and crypto—including ethereum, XRP XRP and other major coins—have been boosted by a Wall Street earthquake this year (which could be blown out of the water by an "absolutely enormous" China bombshell).

Visa, Mastercard, JPMorgan And Citi Reveal Game-Changing Crypto Plan For ‘Mass Institutional Adoption' After Bitcoin, Ethereum And XRP Price Pump

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company's net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company's “record-breaking” performance to the surge in bitcoin prices.

Bitcoin Miner Cleanspark's Net Income Tops $126.7 Million in ‘Record-Breaking' Quarter

You see them on television, in magazines, quoted in the world's largest newspaper, front and center at bookstores. They're the economists. The experts. You trust them. Yet, they are very often wrong, which means everything you know might be, too.

You're Wrong About Economics and Why You Should Learn To Love Bitcoin

Wells Fargo, a major US banking entity, is now storing a spot bitcoin ETF for its customers, as revealed in a new SEC filing, holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was recently converted into an ETF.

Wells Fargo Holds Spot Bitcoin ETFs, Reveals SEC Filing of Grayscale Shares

The biggest bank in the US, JPMorgan Chase, says it now holds about $760,000 in spot Bitcoin ETFs on behalf of its clients.

Banking Giant JPMorgan Chase Holds $760,000 in Spot Bitcoin ETFs: New SEC Filing

US banking giant Wells Fargo is now holding a spot Bitcoin ETF on behalf of its clients, according to a new filing with the SEC.

Banking Giant Wells Fargo Holds Spot Bitcoin ETF on Behalf of Clients, According To New SEC Filing

Emart24, South Korea's fastest-growing convenience store chain, has partnered with cryptocurrency exchange Bithumb to introduce a “bitcoin meal box” in a promotional campaign. Priced at 5,900 Korean won ($4.30) each, the company aims to sell 30,000 bitcoin meal boxes by May 31.

Bitcoin Meal Box: South Korean Convenience Store Chain Partners With Crypto Exchange to Promote BTC

Hours after the third largest bank in America reveals its Bitcoin ETF holdings, the country's largest bank follows.

America's Largest Bank JPMorgan Chase Discloses Spot Bitcoin ETF Holdings: SEC Filing

The current boring crypto market could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.

News for Bitcoin Crypto (BTC)