Bitcoin is the first decentralized cryptocurrency, based on the blockchain technology. It doesn’t have a physical form as it’s entirely computerized. It’s stored in digital addresses and can be accessed using their private keys.

Back in 2009, Bitcoin was first introduced to the world. It was detailed in a whitepaper called Bitcoin: A Peer-to-Peer Electronic Cash System, published by the pseudonymous Satoshi Nakamoto, the identity of whom remains unknown.

Bitcoins are generated through a process that’s commonly referred to as mining. The main objective of miners is to validate the transactions on the network and to store them in blocks, which are then added to the ledger. Hence, the name – blockchain. For every added block, miners receive a reward in Bitcoins. They are also compensated for their work through the so-called mining fees.

Bitcoin is also the world’s first digitally scarce object. Its code is written in a way that would allow the existence of 21 million bitcoins. Once this number is reached, no new bitcoins will be added to the market, and miners will only earn profits by collecting fees.

First US Bitcoin ETF Approaches Futures Contract Limit Days After Launch

ProShares' Bitcoin Futures ETF has been overwhelmed by contracts and is fast approaching its regulated limit within days of launch.

Oct 22, 2021

Houston Firefighter’s Pension Fund Bought $25M Worth of Bitcoin and Ethereum

Institutions have resumed their appetite for bitcoin and ether, with the latest making a sizeable purchase being a Houston-based pension…

Oct 21, 2021

Mt. Gox Creditors Could Receive Billions in BTC as Latest Rehabilitation Plan Gets Approval

The victims of the infamous Mt. Gox hack in 2014 could finally receive a substantial portion of their lost funds,…

Oct 21, 2021

I Feel Underinvested in Bitcoin: PayPal Co-Founder Peter Thiel Says

According to Peter Thiel, bitcoin's rally might head further north, but this means that central banks are at a "complete…

Oct 21, 2021

7x April’s ATH: Bitcoin Transactional Volume Reaches $700 Billion in a Week

Bitcoin's transactional volume now is seven times greater than it was in April during the previous peak and big transactions…

Oct 21, 2021

JPMorgan: Inflation Hedge Narrative Propelled Bitcoin’s Price to ATH

According to some JPMorgan analysts, bitcoin hit an ATH because people started investing in it as a better hedge against…

Oct 21, 2021

Spot and Futures-Backed Bitcoin ETF: What’s the Difference?

Futures-backed Bitcoin ETFs became particularly popular in October 2021. But what's the difference with spot BTC ETFs?

Oct 21, 2021

$2.2T Asset Manager Pimco Is Starting to Trade in Cryptocurrencies, Said CIO

Major fixed-income investment firm Pimco is familiarizing itself with digital assets, and increasing its exposure in the space.

Oct 21, 2021

Another One: Valkyrie Bitcoin Strategy ETF to Commence Trading on Friday

Another futures-backed Bitcoin exchange-traded fund (ETF) is set to begin trading on Friday.

Oct 21, 2021

Bitcoin is Winning the Race Against Gold: Paul Tudor Jones

Billionaire hedge fund manager Paul Tudor Jones said Bitcoin is his preferred inflation hedge over gold right now.

Oct 20, 2021