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

Ethereum Alternatives and Gaming Tokens Outperform BTC and ETH

Solana’s SOL hit an all-time high of $246 on Wednesday and the token is up 5% in the last 24 hours. Polkadot (DOT) is up 7%.

The chart shows Ethereum alternatives such as Polkadot's DOT and Solana's SOL are outperforming bitcoin and ether. (TradingView)

Markets

Compounding and Saving in Bitcoin: The Power of a Dollar-Cost Averaging Strategy

Bitcoin is a savings technology and a store of value when you save consistently. Dollar-cost averaging helps to reduce the impact of bitcoin’s volatility.

(Sharon McCutch/Unsplash)

Markets

Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says

Solana may see some consolidation in the near term following recent gains.

Bulls fighting. (Bykofoto/Shutterstock)

Markets

Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets

The $120 billion of monthly bond purchases has provided a tailwind for bitcoin as investors see the cryptocurrency as a hedge against dollar debasement in the face of ultra-loose monetary policies.

Fed Chair Jerome Powell speaks Wednesday at a virtual press conference. (Federal Reserve, modified by CoinDesk)

Markets

Market Wrap: Bitcoin Holds Above $60K After Fed Taper Announcement

Analysts see further upside despite lower trading volume.

Bitcoin price chart (CoinDesk, TradingView)

Videos

Bitcoin Whale Holdings Reach 2021 High Amid Inflation Fears

Bitcoin whales, or large investors with ample capital supply, appear to be buying again as fears of inflation lurching out of control strengthen the case for investing in store of value assets. Large investors holding at least 1,000 BTC snapped up 142,000 coins last week, taking the cumulative tally to nearly 200,000 BTC, the highest in 2021. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

Videos

Ether Hits Fresh Record High, Surging Past $4650

Following the latest announcement from the Federal Reserve to start tapering bond purchases later this month, ether has jumped to a new all-time high, surpassing $4,650. CoinDesk's Galen Moore discusses his assessment of ETH, the correlation between bitcoin's 90-day daily returns and the S&P 500, and Direxion withdrawing its SEC application to launch a short bitcoin futures ETF.

Recent Videos

Markets

Lower Trading Volatility in 2021 Crypto Bull Runs Signals Maturing Market

Traders appear to have been calmer this year as bitcoin matures as an investment asset.

Credit: Nicholas Cappello/Unsplash

Finance

Coinbase Users Can Borrow Up to $1M With Bitcoin as Collateral

The crypto exchange’s customers can obtain cash via their PayPal or bank accounts.

Coinbase Posts $1.9B in Q2 Transaction Revenue, Beating Estimates

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