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

Yes, Crypto Is Still Early

Crypto critics often accuse our ecosystem of hiding behind the excuse that “we’re still early” to justify the lack of mainstream adoption. The thing is, 14 years in, we really are “still early,” says Noelle Acheson.

(Federico Respini/CoinDesk)

Consensus Magazine

A Closer Look at FTX’s Most Recent Bankruptcy Documents

The exchange owes customers $1.6 billion in bitcoin, and only has $6 million of it on hand.

(Getty Images)

Markets

Bitcoin Price Slides to $22K as Powell Warns on Inflation

The Federal Reserve chairman said economic figures from January were stronger than expected.

Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)

Markets

Crypto Observers Look to Treasury Yields for Cues as Bitcoin Remains Comatose

BTC may struggle to maintain current valuations if the U.S. government bond yields extend the February rally, one trading firm said, although the yields have started to pull back.

(Asa E-K/Unsplash)

Markets

Ether Call Options Look Attractive Relative to Bitcoin as Volatility Spread Dwindles: Matrixport

The crypto services provider suggests collecting a premium by selling bitcoin call options and using the same to fund the purchase of ether calls.

(sergeitokmakov/Pixabay)

Markets

First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns

A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend means Filecoin needs more than a token rally to be sustainable; bitcoin holds steady at $22.4K.

Evento de Filecoin Foundation en Singapur. (fil.org)

Web3

Yuga Labs' Bitcoin NFT Collection Fetches Top Bid of Nearly $160K

The company behind Bored Ape Yacht Club generated $16.5 million from its auction of 288 NFTs in its TwelveFold collection based on the Ordinals protocol.

TwelveFold (Yuga Labs)

Markets

Bitcoin Continues Trading Sideways at $22.4K as Silvergate Concerns Mount

BTC has traded in a narrow range since it dropped sharply last Thursday because Silvergate’s woes have grown increasingly apparent.

Stable Stability Balance (Unsplash)

Opinion

Bitcoin Mining Is Good for the Energy Grid and Good for the Environment

Bitcoin mining should be hailed as an effective tool for a lower emissions future, not demonized as a monkey wrench in the works.

(Anders j/Unsplash)

Markets

Bitcoin, Ether Start the Week Slowly, With Fed’s Powell Testimony Looming

Cryptos’ declines last week appear to be a re-pricing of risk rather than an exit from the space.

(Pavlenko/Unsplash)

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