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

Finance

Bitcoin Miner Bit Digital Diversifies Into AI for 'Substantially Higher Margin' Than Mining

The firm is looking for a "reliable income stream ... that is uncorrelated to bitcoin prices."

By Aoyon AshrafOct 23, 2023

Markets

Bitcoin Eyes $31K as Gold Offers Bullish Cues

Interest rate-sensitive assets, such as Gold, are seeing bullish momentum in a positive sign for bitcoin, one observer said.

By Omkar GodboleOct 23, 2023

Podcasts

Featured Story | The Stablecoin Bill Is a Vital Upgrade for U.S. Financial Plumbing

By Noelle AchesonOct 22, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Podcasts

CoinDesk Market Index Week in Review

By Noelle AchesonOct 21, 2023

Policy

FBI Charges 6 for Allegedly Running $30M Money Transmitting Business Using Crypto

The filing alleges that the accused knowingly conducted an illegal business by using the darknet to convert bitcoin or other cryptocurrencies into cash.

By Amitoj SinghOct 20, 2023