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

Bitcoin Sees 7 Straight Weeks of Losses for First Time

Fears of inflation and poor macroeconomic sentiment have caused bitcoin to fail as an inflation hedge in recent weeks.

Mercado bajista —bear market, en inglés— de cripto. (Olen Gandy, Unsplash)

Finance

LFG Reserves Dwindle to Just 313 Bitcoins From 80K After UST Crash

The announcement comes after criticism of the Luna Foundation Guard's "lack of transparency."

(Javardh/Unsplash)

Markets

First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds

Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.

Singapore (Lauryn Ishak/Bloomberg via Getty Images)

Opinion

Satoshi's Mission, LUNA, UST and Where Crypto Went Wrong

In 2009, Satoshi Nakamoto encoded a mission statement for the industry in Bitcoin's first block. Essentially, crypto should first do no harm.

Portrait of Terra founder Do Kwon for CoinDesk's "Most Influential" (Jake the Degen/CoinDesk)

Markets

Market Wrap: Cryptos Are Higher After a Volatile Week

Some analysts remain cautious and expect lower price returns for bitcoin over the next few months.

(Jungwoo Hong/Unsplash)

Videos

Bitcoin Oversold, Crypto Fear and Greed Index in ‘Extreme Fear’ Territory

The cryptocurrency fear and greed index remains in “extreme fear” territory according to FxPro, but ignores the optimism in recent hours. Meanwhile, BTC appears to be oversold on the charts, which typically precedes a short-term upswing in price. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Videos

Bitcoin Stabilizes Amid Terra Luna Ecosystem Collapse

A wild week for bitcoin as the collapse of Terra’s algorithmic stablecoin TerraUSD (UST) and luna (LUNA) token continues its ripple effects on the crypto industry. CoinDesk’s Brad Keoun and Christie Harkin review the week’s top stories moving the markets.

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Markets

Bitcoin Oversold, Resistance at $33K-$35K

BTC is on track for its first consecutive seven-week decline.

Bitcoin's weekly price chart shows support/resistance with the RSI on the bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79%

The fund is one of the few ways for stock traders in the U.S. to gain exposure to the price movements of bitcoin.

The GBTC discount has widened to a record. (YCharts)

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