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

Web3

OpenSea Goes Pro, Ralph Lauren Takes Crypto

Plus, investments in blockchain games and metaverse projects totaled $739 million for the quarter.

By Rosie PerperApr 7, 2023

Finance

U.S. Adds 236K Jobs in March Versus Forecasts for 239K

Bitcoin was little changed at $27,900 in the minutes following the roughly in-line report.

By Stephen AlpherApr 7, 2023

The government's jobs report for January was released Friday (David McNew/Getty Images)

Markets

First Mover Asia: Bitcoin Is Flat, Ether in the Red, as a Long Weekend Begins

It's a battle of bulls versus bears as the market gets a grip on reality, says Brent Xu, CEO of DeFi lender Umee. ALSO: CoinDesk columnist Daniel Kuhn writes that Elon Musk had the crypto world's attention again this week, but whether he helps DOGE is questionable at best.

By Sam Reynolds, Daniel KuhnApr 7, 2023

Markets

Crypto Investors Unmoved by Revised Jobless Data

Jobless claims beat expectations by an even wider margin than in the initial report, after a revision Thursday. Crypto investors largely ignored the change, although the increasing jobless figures bode well for the market.

By Glenn Williams Jr.Apr 6, 2023

Markets

Ether Holds Near $1.9K as Shanghai Fork Approaches

ETH’s price slid 1.5% on Thursday, the day after reaching its nine-month high. The Ethereum upgrade is expected to occur April 12.

By Jocelyn YangApr 6, 2023

Ether's price chart showed the cryptocurrency retreated below $1,900 on Thursday. (CoinDesk)

Videos

Bitcoin Ordinals Explained: How To Make Your First Bitcoin NFT

NFTs, or non-fungible tokens, are widely known as Ethereum-based tokens. But now, there’s a new way to create NFTs on the Bitcoin mainnet. Metagood CEO Danny Yang, who inscribed one of the first collections of 10,000 NFTs on Bitcoin, explains how Ordinal NFTs work and what’s next for this innovation.

Apr 6, 2023