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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
Bitcoin Miners' Balance Slides as FTX Collapse Weighs on Crypto
Data tracked by Glassnode shows, the number of bitcoin held by miner wallets has dropped to a 10-month low.
After Bitcoin's Worst Week in 5 Months, Here's What Crypto Analysts Are Saying
A roundup of commentary on how digital-asset market analysts see the next few months unfolding.
First Mover Asia: Extreme Fear Hits Crypto as FTX Hack Makes Bad Situation Worse. What Comes Next?
ALSO: Sam Reynolds takes a fresh look at the U.S. Securities and Exchange Commission's case against Ripple, where a 2018 SEC official’s speech notes may prove crucial.
Market Wrap: Bitcoin Returns to Red, Tumbling 7% on FTX Collapse
Other cryptos also fell as investors digested the latest developments in the crypto exchange giant’s unraveling.
FTX's Fall Will Lift the Next Generation of Bitcoin Maximalists
There is a real distinction between crypto and bitcoin, as many have learned this week.
Post-FTX, What Happens to Crypto Markets?
The ongoing crypto crisis that sent digital asset prices plummeting may now offer a buying opportunity, albeit not without challenges.
Bitcoin Drops After FTX Bankruptcy Filing
Bitcoin (BTC) and other cryptocurrencies sharply fell on the news that troubled crypto exchange FTX is filing for bankruptcy and CEO Sam Bankman-Fried is resigning from the company. FTX US also froze crypto withdrawals, sending millions in assets to bankruptcy limbo. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Slides Below $17K After FTX Bankruptcy Filing
As bitcoin (BTC) continues to fall lower, CoinDesk Markets Managing Editor Brad Keoun and Regulatory Reporter Cheyenne Ligon discusses this week's crypto roller coaster following the implosion of FTX, as CEO Sam Bankman-Fried steps down. Where did it all go wrong, how is it different from other crypto blowups, and what does this mean for the future of the industry?
What FTX Filing For US Bankruptcy Protection Means For Crypto Markets
Sam Bankman-Fried has stepped down as CEO of crypto exchange FTX as the company files for Chapter 11 bankruptcy in the U.S. Forex.com Global Head of Research Matt Weller discusses FTX's downfall and what this means for bitcoin (BTC), altcoins, and the crypto industry at large.
Crypto Markets Entering the 'Depression' Phase Amid FTX Bankruptcy Filing
Following FTX's Chapter 11 bankruptcy filing and CEO Sam Bankman-Fried's resignation, bitcoin (BTC) immediately dipped to the $16,000 level. "There's likely more pain ahead before we can finally form a bottom," said Matt Weller, Forex.com Global Head of Research.