Bitcoin is a digital currency created in 2009 by an anonymous individual or group under the pseudonym Satoshi Nakamoto. It operates on a decentralized network, allowing users to make peer-to-peer transactions without the need for intermediaries like banks. Transactions are recorded on a public ledger called the blockchain, maintained by a network of miners who validate and secure transactions through cryptographic algorithms. Bitcoin's supply is capped at 21 million coins, making it deflationary by nature. Its value is determined by market demand and supply dynamics, resulting in significant price volatility. Bitcoin is lauded for its potential to revolutionize finance by offering greater financial inclusion, lower transaction fees, and resistance to censorship and inflation. However, it faces criticisms for its environmental impact due to the energy-intensive process of mining, scalability issues, and its association with illicit activities on darknet markets. Despite these challenges, Bitcoin has garnered mainstream acceptance as an investment asset and payment method, with numerous businesses and individuals adopting it worldwide. Its underlying technology, blockchain, has also inspired innovations across various industries beyond finance.
Millions of investors hold IBIT shares believing they have exposure to Bitcoin, but the actual ownership chain running through a Delaware trust, a crypto custodian, and a handful of authorized traders tells a more complicated story.
By Sam Daodu
· 12:00pm ET Peter Schiff is back urging investors to dump Bitcoin for gold, and his track record of missed calls makes it tempting to dismiss him. But his latest warning lands at a moment…
Sam Daodu Fundstrat's Tom Lee sees a compressed spring ready to release in the crypto market, but not every coin qualifies. Some pullbacks look like buying opportunities while others hint at something more troubling.
Sam Daodu Fifteen years after launching as Bitcoin's faster, cheaper sibling, Litecoin faces a hard question about whether it has grown into its own or simply fallen behind. The 2027 halving looms as a…
Sam Daodu Crude oil crossing $100 a barrel sent a ripple through Bitcoin last time it happened, and the pattern that followed surprised even seasoned traders. With oil surging again amid fresh chaos near the Strait…
Babylon Labs just asked Aave to accept native Bitcoin as collateral, cutting out custodians entirely, and AAVE has already surged 32% in a month. Whether that momentum holds depends on a governance gauntlet with…
Ethereum's social media crowd is buzzing with optimism even as ETH slides deeper into October losses, but the people actually moving money tell a very different story.
Crypto traders often call October “Uptober” because Bitcoin has historically posted strong gains during this month. However, in 2026, the trend seems to be reversing. As of October 17, Bitcoin (CRYPTO:BTC) is trading at $81,497, down…
MSCI (NYSE: MSCI | MSCI Price Prediction), a well-known index provider followed by many passive investment funds, plans to classify companies like Strategy Inc. (NASDAQ: MSTR) as “non-operating.” This change would make them ineligible…
In the week leading up to October 17, 2026, Monero (CRYPTO: XMR) rose 8.1%, the top performer among major cryptocurrencies tracked by 24/7 Wall St. In contrast, Zcash (CRYPTO: ZEC) fell 5%. This Monero…
Billions of dollars in Bitcoin options contracts are set to expire on Deribit this October, and traders are fixated on a single price point they believe the market gravitates toward. Whether that theory holds…
ChatGPT gave four beaten-down cryptocurrencies wildly different odds of doubling, and the winner may surprise anyone who assumed Ethereum still leads the pack.
