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



Finance

El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says

The last purchase by the Central American country had been in May.

Nayib Bukele, president of El Salvador (Ulises Rodriguez/APHOTOGRAFIA/Getty Images).

Markets

First Mover Asia: Speculating on Tokenized Carbon Offsets Won't Help Climate Crisis, Says Consultant; BTC Falls Under $19K Amid Wider Crypto Woes

A significant number of carbon credits are from projects 8-10 years old; Ether and other major altcoins plummet.

(Shutterstock)

Videos

CFTC Charges Mirror Trading International With $1.7B Fraud

In one of the biggest scams in bitcoin’s history, the Commodity Futures Trading Commission has charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud. CoinDesk’s Danny Nelson dives into the details of this case, touching on the timing of the charges and possible restitution for its victims.

Recent Videos

Videos

Why the Crypto Bear Market Isn’t Over Yet

Trade The Chain Director of Research Nick Mancini shares his bitcoin price outlook following an extreme downturn in the crypto markets throughout June, explaining why he anticipates continued bearish sentiment throughout July.

CoinDesk placeholder image

Videos

BTC Trades Down 40% In June, AUM Across Digital-Asset Investment Products Falls 36%

June of 2022 is shaping up to be bitcoin's worst month, according to data going back to 2013, trading down 40% this month, while digital asset market capitalization has dropped 70% since last November, according to JP Morgan. Plus, a look at CryptoCompare data on digital asset investment products as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.“

Recent Videos

Markets

Market Wrap: Bitcoin Heads for Record Half-Year Loss of 59%

BTC slipped below $19K for the fifth straight daily price decline. Stocks headed for their worst first half since the 1970s as a consumer spending slowdown stokes fresh recession concerns.

(Creative Commons)

Opinion

Hedge or Cause? Unpacking Bitcoin and Inflation

The digital asset, often called digital gold, soared as governments printed money and crashed as they tightened.

(Sean Robertson/Unsplash, modified by CoinDesk)

Policy

CFTC Charges South African Bitcoin Club Mirror Trading International With $1.7B Fraud

MTI’s self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said.

(Mark Van Scyoc/Shutterstock)

Markets

First Mover Americas: BTC Down 40% in June; SEC Rejects Grayscale’s BTC ETF Application

The latest moves in crypto markets in context for June 30, 2022.

A month to forget in crypto (C.J. Burton/Getty images)

Markets

Facts or Feelings? Bitcoin Allocation Makes Sense Even in Nasty Bear Markets

If you run the numbers, bitcoin still belongs in a financial advisor’s investment toolbox.

Bitcoin allocation is a good option even in bear markets. (Johnny Johnson/Getty Images)

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