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, Ether Down as China's Central Bank Declares All Cryptocurrency Transactions Illegal; Can China Really Ban Crypto?

Bitcoin is trending lower after China's central bank declared all cryptocurrency-related business illegal, but how concerned should we be about China's crypto crackdown? Rayne Steinberg, CEO of crypto investment firm Arca, says it's primarily retail investors selling, and major institutions are not buying into this. "This really shows a diminishing power of China over the market and also a maturation of crypto and bitcoin," Steinberg said. Plus, insights into Arca's new partnership with Securitize to launch tokenized financial products.

Recent Videos

Finance

Bitcoin Startup Moon Raises $2.1M to Enter New Markets

The startup enables crypto payments for e-commerce sites.

(David Dibert/Unsplash)

Markets

Bitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal

Bitcoin erased Thursday’s 3% gain as PBOC stepped up its crackdown on crypto

Bitcoin's daily chart (TradingView)

Markets

Bitcoin Likely to Rally After September Options Expiry: Deribit Poll

Bitcoin options contracts worth $3.3 billion are set to expire today.

Bitcoin is likely to rally after options expiry. (TradingView)

Markets

Market Wrap: Bitcoin Rises Even as Indicator Shows Extreme Bearish Sentiment

Some traders buy on the dip as BTC appears oversold; altcoins outperform.

Bitcoin 24-hour chart (CoinDesk)

Tech

Bitcoin.org Website Inaccessible After Being Hacked by Apparent Giveaway Scam

The site could not be opened as of 05:44 UTC Thursday, after falling victim earlier in the day to an attack claiming it would double funds sent to it.

 (The Average Tech Guy/Unsplash)

Markets

Bitcoin Recovering, Faces Short-Term Resistance Near $46K

Upside appears to be limited as the largest cryptocurrency trades at $43,700.

Bitcoin four-hour price chart (CoinDesk, TradingView)

Videos

Is Today’s Rise in Bitcoin a Dead Cat Bounce?

Bitcoin (BTC) is recovering above its $40,000-$42,000 support zone after oversold signals appeared on the charts, but is this temporary? Martha Reyes-Hulme, Head of Research at crypto exchange and digital assets primer broker Bequant, discusses her crypto markets analysis and outlook, examining bitcoin’s correlation to the S&P 500 index and USD.

CoinDesk placeholder image

Videos

Bitcoin Recovering, Faces Short-Term Resistance Near $46K

Bitcoin is recovering above its $40,000-$42,000 support zone with initial resistance seen at around $46,000 after global macro fears sent worldwide equities and crypto markets tanking Tuesday. Still, some suggest it's too early to call bitcoin's bottom. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

Policy

Is the Dollar Doomed?

In this excerpt from “The Future of Money,” author Eswar Prasad examines the forces – the rise of bitcoin and stablecoins and foreign currency competition – threatening the dollar’s perch as the world’s reserve currency.

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