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

First Mover Americas: Bitcoin Struggles to Hold $20.5K and Twitter Shares Dip 6%

The latest moves in crypto markets in context for July 11, 2022.

Bitcoin was struggling early Monday. (Pixabay)

Markets

Bitcoin in 'Accumulation' Phase, On-chain Indicators Suggest

Bitcoin's Puell Multiple and MVRV Z-Score indicate the cryptocurrency is undervalued. Similar readings have marked bear market bottoms in the past.

Indicadores clave sugieren que es momento de acumular bitcoin. (RichardMc/Pixabay, PhotoMosh)

Markets

Crypto Is Trying Out Traditional Finance’s Failures in Hyperspeed, but It’s Going to Be Fine

What is going to be most interesting here is seeing what happens to bitcoin and other cryptos during these Hard Times.

Panic on Wall Street, Oct. 24, 1929. (Associated Press/Wikimedia Commons, modified by CoinDesk)

Markets

Market Wrap: Bitcoin Gains for Third Consecutive Day as Binance Launches Zero Trading Fees

The crypto exchange giant's trading volume skyrocketed after its global new policy went live.

Bitcoin rose for the third straight day. (Shutterstock)

Videos

Binance Launches Zero-Fee Bitcoin Trading, Volume Spikes

New data shows skyrocketing bitcoin trading volume on crypto exchange Binance immediately after 0% commission trading went live earlier Friday. CoinDesk Regulatory Reporter Amitoj Singh breaks down the Chart of the Day.

Recent Videos

Videos

Bitcoin Outlook Amid Macro Headwinds

The Labor Department reported employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Medley Global Advisors Managing Director Ben Emons discusses what this means for bitcoin and why it should calm fears of a recession.

Recent Videos

Layer 2

Bitcoin Will Make a Comeback, Rockefeller International Chairman Says

“We need the excesses to get weeded out,” Ruchir Sharma told CoinDesk TV.

“We need the excesses to get weeded out,” Ruchir Sharma, chairman at Rockefeller International, said on CoinDesk TV's "First Mover" program. (CoinDesk TV)

Videos

Bitcoin Briefly Above $22,000; Binance Philippines Ban Urged

Bitcoin hits $22,000 as Fed cools recession fears. Philippines think tank calls for ban on Binance. India’s Directorate of Enforcement said to question crypto exchanges. Circle CFO Jeremy Fox-Geen on financial stability. Amid turbulent times, experts weigh in on opportunities in the GameFi space. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos

Markets

First Mover Americas: Bitcoin’s Bear Cross Is Bullish and a Big June Jobs Beat

The latest moves in crypto markets in context for July 8, 2022.

U.S. payrolls expanded more than expected in June. (Catherine McQueen/Getty images)

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