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



Mercados

Crypto Traders Split on Upcoming Fed Rate Hike's Impact on Bitcoin

The U.S. central bank has raised rates by 150 bps since March, injecting volatility into asset markets. Some analysts expect BTC to stay resilient after Wednesday's expected hike.

Chicago Federal Reserve Bank building (Joshua Woroniecki/Unsplash)

Mercados

First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles

Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.

Changpeng Zhao, CEO de Binance. (Archivo de CoinDesk)

Mercados

Market Wrap: Bitcoin Declines Further as Momentum Wanes

BTC is approaching support at about $20.5K; the options market implies concerns of additional price declines.

BTC dropped 6% Tuesday. (CoinDesk Research and Highcharts.com)

Finanzas

Coinbase's 20% Decline Leads Crypto Names Lower Following Report of SEC Probe

Bitcoin is lower by 3% on Tuesday, with ether and Solana's SOL down by about 7%.

(Leon Neal/Getty Images)

Vídeos

Bitcoin Below $21K Ahead of Big Tech Earnings and FOMC Meeting

Bitcoin and other major cryptos are trending lower Wednesday with investors eyeing the Federal Reserve’s expected 75-basis-point interest rate hike and the release of quarterly earnings reports from Apple and other tech giants. XBTO Group Head of Trading Paul Eisma discusses his crypto markets analysis and outlook.

CoinDesk placeholder image

Mercados

First Mover Americas: BTC to $15K? As Rally Stalls, Some Traders Fear Another Leg Down

The latest price moves in crypto markets in context for July 26, 2022.

The worsening macro environment stokes fears that BTC will drop to $15,000. (Christoffer Engström/Unsplash)

Mercados

Ether, Solana Lead Losses Among Major Cryptos, Analysts See Further Declines After Fed Rate Hikes

No clear buy signal emerged for bitcoin and a poor macroeconomic situation still dominates, one analyst said.

Dos legisladores apoyaron el aumento en las tasas de interés a riesgo de reducir el crecimiento económico. (Peter Cade/Getty Images)

Mercados

Institutional Traders Have Mixed Views About Tesla’s Decision to Sell Bitcoin

“Macro and micro factors are complex, and cash on hand is welcome,” a trader interviewed by CoinDesk said.

(Wikimedia Commons)

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