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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.

Dogecoin

Ethereum

Cryptocurrency markets are up despite a lackluster performance from Ethereum following the spot Ethereum ETF approval. What Happened: The majority of the cryptocurrencies are trading higher at the time of writing.

Bitcoin, Dogecoin Bounce Back With Ethereum Lagging: Trader Sees 'Price Discovery Next Week' Under One Condition

Jian Wen was sentenced to six years and eight months in jail for laundering 150 BTC tied to a $5.6 billion investment fraud.

UK court jails woman for laundering $10 million worth of bitcoin tied to alleged $5.6 billion fraud: report

Marathon Digital is partnering with Kenya's Ministry of Energy and Petroleum on a series of renewable-energy projects.

Bitcoin miner Marathon Digital partners with Kenya on renewable energy projects

The world's largest digital asset manager is unveiling two new crypto investment trusts for Ethereum (ETH) rival Near Protocol (NEAR) and Bitcoin (BTC) layer-2 project Stacks (STX). In a statement, Grayscale Investment says Grayscale Near Trust and Grayscale Stacks Trust are now available for daily subscription by eligible individual and institutional investors.

Crypto Asset Management Giant Grayscale Launches New Trusts for Ethereum Competitor and Bitcoin Layer-2 Project

The company will help monetize stranded energy in the African country and help manage its renewable energy production.

Bitcoin Miner Marathon Digital Signs Deal With Kenya to Invest in Green Energy Projects

Solana

British bank Standard Chartered says that following the U.S. approval of spot Bitcoin and Ethereum ETFs, Solana and XRP are likely next up.

Solana, XRP ETFs Next After Ethereum, Bitcoin Approvals: Standard Chartered

Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24.

Onchain Fees for Bitcoin Drop to Six-Month Low

U.S. spot bitcoin exchange-traded funds noted their ninth consecutive day of positive inflows, amassing $107.9 million on Thursday. Blackrock's IBIT led the way, securing $89 million, while Grayscale's bitcoin trust (GBTC) experienced $14 million in outflows. Gap Between IBIT and GBTC Reserves Tighten Spot bitcoin ETFs had a consistent week of steady inflows, with $107.

US Spot Bitcoin ETFs Mark Ninth Day of Inflows, Led by Blackrock's $89M Gain

A woman accused of converting bitcoin into cash and property to help hide the proceeds of a 5 billion pound ($6.4 billion) fraud was jailed for nearly seven years on Friday for money laundering after a trial in a London court.

Woman jailed for laundering bitcoin in UK from $6.4 billion China fraud

Bitcoin Bitcoin and crypto have rocketed higher over the last year, powered by Wall Street's arrival, a "seismic shift" in Washington and expectations of a China bombshell.

‘Crucial' Biden And Fed Flip Predicted To Trigger A $20 Trillion Bitcoin Price Earthquake That Boosts Ethereum, XRP And Crypto

Bitcoin has experienced a sharp decline from above $70,000, with the high volatility triggering an increase in liquidations.

Daily crypto liquidations surge as bitcoin price retreats from $70,000 again

A prominent cryptocurrency analyst forecasts a significant rally for Dogecoin (CRYPTO: DOGE) and other altcoins, including Bitcoin (CRYPTO: BTC) and NEAR Protocol (CRYPTO: NEAR). What Happened: A widely followed analyst known as The Crypto Dog shared his predictions on the social media platform X, Daily Hodl reported on Friday.

Dogecoin And Altcoins Poised For Rally If Bitcoin Hits Record High, Says Crypto Analyst

Spot bitcoin ETFs record $107.91M in inflows for a 9th straight day, the longest run since mid-March, as demand for the successful new products continues.

Spot Bitcoin ETFs See Straight 9 Days of Inflows

Bitcoin is currently priced at $67,350, with a market capitalization of $1.32 trillion and a trading volume of $42.36 billion. The cryptocurrency's price has fluctuated within the range of $66,665 to $70,028 over the last 24 hours.

Bitcoin Technical Analysis: BTC Consolidation Signals Range-Bound Activity

The cryptocurrency market has witnessed notable fund movements, particularly within Bitcoin (CRYPTO: BTC) and Ethereum (CRPYPTO: ETH) ETFs, as institutional interest fluctuates and regulatory developments unfold. What Happened: On May 23, Bitcoin spot ETFs recorded a substantial net inflow of $108 million, marking its ninth consecutive day of positive inflows, according to data from SoSo Value.

Bitcoin Spot ETFs Record $108M Inflows While Ethereum ETF Potential Remains Uncertain

Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new illegal bitcoin mining operations have been closed with over 550 miners seized, causing undetermined damages to the National Power Administration (ANDE).

Paraguay Cracks Down on Illegal Bitcoin Mining: Over 550 Miners Seized

A widely followed cryptocurrency analyst and trader is forecasting that one blue-chip altcoin could rally by double-digits. The analyst pseudonymously known as The Crypto Dog tells his 782,000 followers on the social media platform X that Dogecoin (DOGE) could hit a price of $0.

Crypto Analyst Predicts 75%+ Rally for Top-10 Altcoin, Maps Path Forward for Bitcoin and One Ethereum Rival

One trader said ether's sell-off on positive news is a typical speculator's "buy the rumours, sell the facts" reaction.

Bitcoin, Ether Rally Cools Following U.S. Ether ETF Listing Approval

SEC Chair Gary Gensler, who has been in the eye of the storm over his positions on cryptocurrencies, didn't participate in the decision to approve the first-ever spot Ethereum (CRYPTO: ETH) ETFs in the U.S, a departure from his involvement in the approval of the spot Bitcoin (CRYPTO: BTC) ETFs. What Happened: The SEC's Trading and Markets Division, not the agency's five commissioners, approved forms for several spot Ethereum ETFs, The Block reported on Thursday.

Unlike Bitcoin, SEC Chief Gary Gensler Didn't Vote On Spot Ethereum ETF Approvals

Hong Kong's three spot ether ETFs saw no flows on Thursday, while the spot bitcoin ETFs recorded a net outflow of 25.63 BTC.

Hong Kong's spot bitcoin ETFs saw daily outflows, local ether ETFs stable with no new flows

Bitcoin (BTC) price dropped by 2.12% in the past day, following news of the spot Ethereum ETF approvals.

Bitcoin Dips by 2% But Traders Say Its a Healthy Pullback Before Next Leg Up

A cryptocurrency themed around the adorable Winnie the Pooh character has boosted the fortunes of its holders after raking in big gains lately. What Happened: POOH (CRYPTO: POOH), created solely for entertainment purposes, jumped 46% in the last 24 hours, according to CoinMarketCap data.

Winnie The Pooh-Themed Coin Soars 46% As Memecoins Continue To Soar Despite Bearishness Seen In Bigger Cryptos Like Bitcoin, Ethereum, Dogecoin

U.S. spot bitcoin exchange-traded funds saw $107.91 million worth of net inflows on Thursday, led by BlackRock's IBIT.

Spot bitcoin ETFs record net inflows for nine straight days

The cryptocurrency market reacted mixed to the SEC approving the first ever Ethereum (CRYPTO: ETH) spot ETFs in the U.S.

Bitcoin, Dogecoin Dip, Ethereum Shows Momentum On Approval Of Ether Spot ETFs, Analyst Expresses Confidence In King Crypto's Rebound

U.S. regulators approved listing spot ETH ETFs but have not yet cleared to trade.

News for Bitcoin Crypto (BTC)