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

Crypto Could Destabilize Nations, Undermine Dollar’s Reserve Currency Status, Hillary Clinton Says

Clinton called for a joint effort by nation-states to monitor cryptocurrencies’ rise.

Dólares estadounidenses (Shutterstock)

Finance

Kleiman v. Wright: A Story of Physical and Financial Tribulation

The defense set out to prove that Dave Kleiman was too incapacitated to be materially involved in Craig Wright’s business ventures.

Wilkie D. Ferguson Jr. U.S. Courthouse, Miami, Florida (Deirdra Funcheon)

Policy

Biden and the Fed: Why Powell or Brainard Won’t Change Much for Crypto

Both candidates are seen as taking a tough stance on crypto regulation, but they’re also both seen as dovish – possibly beneficial for bitcoin’s inflation narrative.

Federal Reserve Chair Lael Brainard (C-Span, modified by CoinDesk)

Markets

First Mover Asia: Bitcoin Drops Below $60K Amid Broad Sell-Off in Crypto Markets

Traders could not definitively explain bitcoin’s decline; ether falls under $4,000 for the first time since late October.

Longer-term bitcoin price chart shows this week's big dropoff. See the red candle on the right. (CoinDesk)

Markets

Market Wrap: Cryptocurrencies Slide as Buyers Stick to the Sidelines

Traders are in no hurry to buy given regulatory concerns and muted volume.

Crypto correction (Shutterstock)

Markets

Bitcoin Tumbles to 3-Week Low Under $60K; Next Support at $53K

Market retreat comes as bitcoin’s daily price chart signals slowing upside momentum. The ether price fell below $4,000.

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

Videos

What’s Driving Bitcoin Price Movement?

Bitcoin appears exhausted, having failed to chart a convincing breakout beyond April highs for almost four weeks. Marc Lopresti, co-managing director at The Strategic Funds, discusses the new support and resistance levels to watch for bitcoin as indicators of a continued bull market.

CoinDesk placeholder image

Markets

Not All Cryptos Are Scarce Like Bitcoin

For many cryptocurrencies and digital assets, scarcity is a key part of their value. But not all scarcity is created equal.

(Firos nv/Unsplash)

Markets

Institutions Snap Up Ether $5K Call, Bitcoin Risks Double Top as RBA Official Warns of FOMO Meltdown

Bitcoin appears exhausted, having failed to chart a convincing breakout beyond April highs for almost four weeks.

Bitcoin's daily chart showing a double top pattern on Nov. 18 (Joel Kruger, TradingView)

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