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



Videos

Why El Salvador Postponed Its Bitcoin Bond

El Salvador’s finance minister announced that the country is postponing its $1 billion bitcoin bond offering, which reportedly aims to help fund the “Bitcoin City” project. “The Hash” team discusses El Salvador’s ongoing bitcoin experiment and the international criticism the Central American nation has received from entities like the International Monetary Fund (IMF). 

Recent Videos

Policy

Honduras’ Central Bank Debunks Bitcoin as Legal Tender Rumors

The BCH is, however, studying the feasibility of a central bank digital currency.

Honduras's flag (Hector Emilio Gonzalez/Unsplash)

Videos

CME Exec Explains Why Bitcoin Futures Premiums Surge

Tim McCourt, CME Group’s global head of equity & FX Products, shares his crypto market analysis as bitcoin futures premium surges in the Chicago Mercantile Exchange. Plus, a conversation on what makes ethereum different from bitcoin in the eyes of investors.

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Markets

Bitcoin Holds Support Above $40K; Initial Resistance at $46K

Buyers remain active on pullbacks, keeping support levels intact.

Bitcoin four-hour price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Policy

MiCA Could Still Be Delayed by EU Parliamentarians Over Proof-of-Work Provision

EU parliamentarians that supported the controversial provision seeking to limit proof-of-work crypto could make one last stand if the MiCA draft goes for a full parliamentary vote.

European legislators must agree on a negotiating mandate for MiCA, the EU's proposed regulatory framework for crypto assets. (Rachele Rossi/Getty)

Opinion

Vitalik Buterin Should Let Ethereum Be Ethereum

The Ethereum co-founder has spoken about ensuring developers do what he considers the right things with their projects, but he would be better off accepting where the platform’s users lead, imperfections and all.

Vitalik Buterin, co-founder of Ethereum, speaks during the 2022 ETHDenver conference in Colorado. (Chet Strange/Bloomberg via Getty Images)

Markets

Bitcoin's Correlation to S&P 500 Hits 17-Month High

The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to its highest level since October 2020.

Bitcoin's fortune appears closely tied to stocks. (Pixabay, modified by CoinDesk)

Markets

First Mover Asia: Part of Singapore’s Crypto Allure Is a Sheen of Transparency. Is the City-State Changing?

There was no apparent, clear explanation for the Monetary Authority of Singapore's decision to place crypto fund DeFiance Capital on an "Investor Alert List;" bitcoin and major cryptos surge.

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Finance

El Salvador Postpones Bitcoin Bond: Report

The country's finance minister said the offering may come as late as September, according to Reuters.

El Salvador flag (Getty Images)

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