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

Market Wrap: Bitcoin Reverses Course, Pushes Higher, $21K Is ‘Point of Control’

News of an exploit on the Solana platform appears not to have affected BTC's price.

Trading above $23,000, BTC is in positive territory after five consecutive negative days. (Ozark Drones/Unsplash)

Opinion

Banks Aren’t Going to 'HODL' Bitcoin

New proposals from the Bank for International Settlements are unlikely to lead banks to hold bitcoin. But they could open the door to CBDCs, says our columnist.

(Sirisvisual/Unsplash)

Finance

MicroStrategy Shares Surge as Michael Saylor Puts Full Focus on Bitcoin

Company operations will now be led by Phong Le, while Saylor will become executive chairman with sole focus on Bitcoin strategy.

Executive Chairman MicroStrategy, Michael Saylor (CoinDesk)

Videos

Nomad’s US$200 Mln Hack; Saylor Steps Down

Over 300 perpetrators suspected in Nomad cross-chain bridge hack. BItcoin and Ethereum fall after stock market jitters over Pelosi visit. MicroStrategy CEO Michael Saylor moves to chairman role to focus on Bitcoin. Crypto tax service launches in India.

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Videos

Bitcoin Maximalist Michael Saylor Steps Down as Microstrategy CEO, Remains Chairman

Michael Saylor, one of the most prominent bitcoin backers in corporate America, handed the chief executive officer role at MicroStrategy (MSTR) to a deputy and became executive chairman, putting his focus exclusively on managing the firm's bitcoin investment. This comes after MicroStrategy took a $918 million loss from its bitcoin holdings. IDX Digital Assets CIO Ben McMillan discusses the outlook for MicroStrategy and Saylor's bitcoin advocacy.

Recent Videos

Videos

Crypto Markets Bouncing Back Amid Geopolitical Tensions

Bitcoin and other major cryptocurrencies are trending higher Wednesday. Prosper Trading Academy CEO Scott Bauer discusses the impact of heightening China-U.S. tensions and rising inflation on the markets. Plus, his take on ether's latest rally.

Recent Videos

Videos

New Senate Proposal Could Give CFTC Crypto Oversight

The U.S. Senate Committee On Agriculture, Nutrition & Forestry is set to introduce a bill Wednesday allowing the Commodity Futures Trading Commission (CFTC) “exclusive jurisdiction” over digital commodities. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what we know so far and what to expect.

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Finance

Riot Blockchain Mined 28% Less Bitcoin in July as Heat Wave Cut Power Supply

Lower energy consumption helped the miner generate $9.5 million in power credits.

A close-up of one of Riot's mining rigs. (Riot Blockchain)

Markets

First Mover Americas: Crypto Market Trades in the Green Despite Hacks

The latest price moves in crypto markets in context for Aug. 3, 2022.

Even with multiple hacks this week, the crypto market traded mostly in the green on Wednesday morning. (Nicholas Stanley/Unsplash)

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