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

Bitcoin Dips Below $59K as Leverage Ratio, SHIB Rally Signal Excess Speculation

Bitcoin is trending down amid signs of excess leverage and greed in the market. CoinDesk 20 data shows BTC is down 12% from last week's record high of $66,975. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Oct 27, 2021

Finance

From Pancake Batter to Bitcoin Mining: Struggling Businesses Try 2017-Style Pivots

Crypto mining is becoming so profitable, companies without any exposure to the sector are jumping in, reviving a trend from the last bull market.

By Aoyon AshrafOct 27, 2021

REMIX: Ditching its original product – premixed pancake and waffle batter in pressurized cans – Nate’s Food has leased Bitmain S-17 bitcoin miners. (Photo: USDA)

Markets

It’s BITO vs. GBTC vs. BTC as Bitcoin ETF Wars Heat Up

Grayscale reiterated its confidence that a “spot ETF” will eventually win approval, even as some analysts argue that market signals suggest otherwise.

By Lyllah LedesmaOct 27, 2021

The battle of the ETFs is heating up – and it's only just begun. (Metropolitan Museum of Art, modified by CoinDesk)

Podcasts

Is a Bitcoin Futures ETF Good for Bitcoin?

By Dan Ilett, Anna Baydakova, Danny Nelson, Benjamin Schiller, Danny BradburyOct 27, 2021

Videos

Investment Firm Republic Raises $150M in Series B Funding Round

Republic, an investment firm that includes a crypto arm, announced Tuesday a $150 million Series B funding round led by Valor Equity Partners. Republic’s Head of Crypto and Tokenization Andrew Durgee discusses the raise, crypto markets outlook, and memecoins.

Oct 27, 2021