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



Videos

Bitcoin Back Above $17K Amid FTX Fallout

GSR Markets Global Head of Product Benoit Bosc discusses his outlook for bitcoin (BTC) as it returns to the $17,000 level amid continued selling pressure triggered in part by the fallout of crypto exchange FTX. Plus, the impact of rising inflation on the crypto markets and global finance.

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Finance

Revisiting MicroStrategy's Pain Points as Bitcoin Tumbles

This week's plunge in the price of bitcoin again raises questions as to whether Michael Saylor will at some point be forced to sell some or all of his company's vast holdings.

Executive Chairman MicroStrategy, Michael Saylor (CoinDesk)

Videos

Bitcoin Dips to 2-Year Low as Binance Backs Out of FTX Deal

Bitcoin (BTC) dropped to its lowest level in two years on Wednesday as traders processed the news that Binance retreated from an earlier plan to buy troubled exchange FTX. Citi’s Digital Asset Analyst Joe Ayoub discusses the performances of BNB and FTT tokens and other players affected by the FTX crisis. Plus, an outlook on the stumbling market.  

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Finance

JPMorgan Sees Wave of Crypto Deleveraging From FTX’s Woes

JPMorgan strategists said bitcoin's production cost could be an indicator of the market bottom.

(Shutterstock)

Markets

First Mover Americas: Justin Sun Rises

The latest price moves in crypto markets in context for Nov. 10, 2022.

Tron founder Justin Son may salvage FTX. (Danny Nelson/CoinDesk)

Markets

Bitcoin Gains 10% After Report Showed US Consumer Prices Rose Slower Than Expected in October

Taking a break from the panicky action this week, bitcoin rose following the sizable slowdown in inflation.

(Getty Images)

Markets

Grayscale's Bitcoin Trust Shares Hit Record Discount of 36.7%

Bitcoin is down nearly 10% to $16,622 as FTX’s liquidity crisis continues to rattle the markets.

Gráfico de índices del mercado de acciones subiendo y bajando. (Megamodifier/Pixabay)

Markets

First Mover Asia: Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K

On Wednesday, Binance, Gate.io, KuCoin and Huobi were among the exchanges that said they would publish Merkle tree reserve certificates. Their announcements came amid the mounting crisis involving FTX.

(Andriy Onufriyenko/Getty Images)

Markets

Market Wrap: Bitcoin, Other Cryptos Continue to Plummet

Crypto prices whipsawed following the announcement that Binance would be purchasing one of its largest rivals, and then said it won't.

(DALL-E/CoinDesk)

Videos

Bitcoin Tumbles Below $17K Amid Worries Over FTX-Binance Deal

The fallout of crypto exchange giant FTX's liquidity concerns continues to rattle the crypto markets. Bitwise Chief Investment Officer Matt Hougan discusses his outlook for bitcoin (BTC) as the cryptocurrency falls below $17,000 to its lowest level in 23 months.

Recent Videos

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