Bitcoin

Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person



Opinion

Mt. Gox: What We Still Don’t Know 10 Years After the Collapse

To commemorate the 10th anniversary of the collapse of bitcoin exchange MtGox, Mark Hunter, author of “Ultimate Catastrophe: How MtGox Lost Half a Billion Dollars and Nearly Killed Bitcoin,” tackles the questions that still remain unanswered ten years later.

(Mark Karpeles, modified by CoinDesk)

Finance

Bitcoin Tops $63K for First Time Since November 2021

Spot bitcoin ETFs are seeing massive inflows of money and BTC is crossing $1,000 milestones one after another in quick succession.

Bitcoin price rose 20% in a week (CoinDesk)

Markets

First Mover Americas: PEPE, Not BTC, Is The Top Trending Token

The latest price moves in crypto markets in context for Feb. 28, 2024.

Top trend coins on social media (Santiment)

Tech

Stacks Creator Ali Calls Bitcoin 'Apex Predator' as Development Flourishes on OG Blockchain

Muneeb Ali, the co-creator of Stacks and Princeton-educated computer scientist who's now CEO of the Bitcoin-focused development firm Trust Machines, spoke with CoinDesk's Jenn Sanasie on the flurry of development and layer-2 building now taking place on the original blockchain.

Muneeb Ali, co-creator of Stacks and CEO of Trust Machines (CoinDesk TV)

Markets

Crypto Traders Hedge Bitcoin Rally After 40% Rise in 4 Weeks, Options Data Show

Some traders have started buying puts to protect against a potential correction, according to Greeks.Live.

A trading chart on a computer. (Pexels/Pixabay)

Markets

Bitcoin Surges Above $59K as Bull Rally Continues

The “fear and greed” index reading is now at 87, a sign of “extreme greed.”

Bulls against a background of snow.

Markets

Bitcoin Bulls Target $69K Lifetime Highs Ahead of Halving

An expected pre-halving rally is a good spot to realize short-term profits, one market observer said.

Institutional traders are more bullish on bitcoin than alternative cryptocurrencies. (Hans Eiskonen/Unsplash)

Markets

Falling Bitcoin-Ether Spread is Music to Altcoin Traders' Ears

The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve.

Music (Pexels/Pixabay)

Policy

Man Who Laundered Billions in Bitcoins Says Bitcoin Fog Was a Help: Bloomberg

Ilya Lichtenstein, who pleaded guilty in the Bitfinex case last year, is now a U.S. witness who testified about his use of Bitcoin Fog and other mixers to hide loot.

Ilya Lichtenstein, who pleaded guilty with wife Heather Morgan in the plundering of Bitfinex, is now testifying against the mixer he used. (Alexandria Sheriff's Office)

Finance

Bitcoin-Focused Payments App Strike Rolls Out Services to Africa

"Many countries on the continent are grappling with high inflation rates and devaluing currencies, making it challenging for people to save and build wealth," the firm said in a blog post.

Strike CEO Jack Mallers speaking at the Bitcoin 2023 conference in Miami Beach, Florida (Frederick Munawa)

Pageof 836