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

Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival

The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January, and the Fed plans slower rate increases in coming months.

(Cheyenne Ligon/CoinDesk)

Markets

First Mover Asia: Bitcoin Seesaws Above and Below $23K Again

The largest cryptocurrency has been holding steady near this threshold as investors remain hopeful about inflation and the economy.

Blockchain is at a pivot moment, said CMCC Global's Charlie Morris. (Pascal Bernardon/Unsplash)

Markets

Crypto Markets Today: Bitcoin Moves Sideways at $23K

Also: Binance mixed customer funds with B-Token collateral "by mistake." Equities closed mixed.

(Midjourney/CoinDesk)

Tech

Wasabi Wallet Will Pay You to 'Crack' a Bitcoin Wallet

The challenge is part of a week-long educational game that has received support from 12 major partners, including Blockstream, Trezor, BTCPay and others.

(DALL-E/CoinDesk)

Finance

Crypto Infrastructure Firm Blockstream Raises $125M for Bitcoin Mining

The company will use the funds to expand its bitcoin mining facilities amid strong demand for hosting.

Blockstream founder Adam Back, right, with entrepreneur Kurt Kumar at Construct 2017. (CoinDesk archives)

Videos

Messari Analyst on Catalysts For Bitcoin's Recent Rally

Tom Dunleavy, Senior Cryptocurrency Research Analyst at crypto data firm Messari, discusses the potential factors driving bitcoin (BTC) higher as the cryptocurrency rallies in 2023. Plus, the outlook for miners and a closer look at crypto portfolio management.

Recent Videos

Videos

Date Set for Oral Arguments in Grayscale’s Appeal of SEC’s Bitcoin ETF Decision; Celsius Developments

Bitcoin's (BTC) January price rally has analysts focusing on higher valuations last seen in mid-2022. Separately, a date has been set to begin hearing oral arguments in Grayscale Investment’s appeal of the SEC decision to deny the conversion of GBTC into an ETF. Grayscale and CoinDesk are both owned by DCG. Separately, Celsius Network is planning to reinvent itself as a new, publicly traded "recovery corporation" to exit the bankruptcy process.

Recent Videos

Videos

Bitcoin Looks Bullish as Miner Sales Hit Three-Year Low

Bitcoin has rallied 30% in two weeks, according to CoinDesk data. This comes as on-chain flows tracked by analysts at cryptocurrency exchange Bitfinex show the amount of bitcoin transferred from miner addresses to wallets owned by exchanges has declined to multi-year lows. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Markets

Crypto Markets Analysis: Bitcoin, Ether Price Movement Stalls

The two largest cryptos by market cap are looking to establish new areas of support. Whether short-term holders will sell or stay and become long-term holders remains uncertain.

(Getty Images)

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