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



Markets

Crypto Markets Analysis: Bitcoin Falls for the Week Amid Inflation, Rate Hike Fears

Ether and most other major cryptos also sank as investors mulled the prospect of prolonged monetary hawkishness.

(Midjourney/CoinDesk)

Videos

The State of Bitcoin Development in 2023

Last month, Bitcoin developer James O'Beirne sounded the alarm: the dominant blockchain might lose some very talented contributors if someone doesn’t step up to pay them for their work. CoinDesk's Editor at Large, Christie Harkin, discusses the latest developments.

Recent Videos

Markets

Bitcoin Price Falls Back Toward Week's Low on Inflation Worry

The January PCE Price Index – the Fed's favored inflation indicator – unexpectedly rose to 5.4%.

The government's inflation report for April was released Wednesday morning (Getty Images)

Markets

Bitcoin Futures on CME Outpace Those on Binance to Trade at Widest Premium Since November 2021

The CME accounts for a majority of activity in standard futures market tied to bitcoin, one observer said, while explaining a relatively higher premium in futures listed on the Chicago-based exchange.

(Foto) Base móvil anual de tres meses de los futuros de bitcoin. (Arcane Research)

Markets

First Mover Asia: Resilient Bitcoin Rebounds Above $24K Despite Investors' Inflation, Labor Market Concerns

ALSO: CoinDesk analyst Glenn Williams explains the significance of bitcoin funding rates' 10-day, positive streak.

(Shutterstock)

Markets

Crypto Markets Analysis: Bitcoin, Ether Trade Sideways as Jobs Data Remains Robust

Crypto markets chug along as a stubbornly tight labor market suggests that inflation will remain troublesome.

The Federal Reserve building in Washington, D.C.. (Helene Braun/CoinDesk)

Finance

Block’s Q4 Bitcoin Revenue Fell 7% Year Over Year to $1.83B

For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.

Block's Cash App (Shutterstock)

Markets

Bitcoin Hovers Near $24K as Investors Mull Economic Uncertainties

Bitcoin was trading sideways over the past 24 hours, while ether has risen 2.1%.

Crypto markets have struggled to gain traction. (David Foti/Unsplash)

Consensus Magazine

Bitcoin’s Future Hinges on Donations, and That’s Got People Worried

It costs up to $200 million a year to keep Bitcoin’s code maintained and functioning. Can developers find the resources they need in a plunging market? Frederick Munawa checks in.

(Rachel Sun/ CoinDesk)

Learn

Bitcoin NFTs: What Are Ordinal NFTs and How Do You Mint One?

NFTs on Bitcoin are different from the Ethereum NFTs most people are familiar with. Here’s what you need to know.

The author's Bitcoin Ordinal NFT (ordinals.com)

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