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

Bitcoin Recovers to $58.3K at Start of Seasonally Bearish September

Memecoin DOGE led losses among major tokens with a 5% slide in the past 24 hours ahead of the Labor Day holiday in the U.S.

“Blackie,” a collectible Beanie Baby, sat on the desk of legendary American investor Bill Gross as a representation of a “bear” market. (National Museum of American History, modified by CoinDesk)

Markets

OKX Brings Update to Ease Bitcoin Arbitrage

The new offering allows traders of varied experience levels to maximized returns through price-agnostic bets.

Trading (Pixabay)

Markets

Bitcoin Slips Back to $58K in Continued Desultory Action, but Next Week Could Offer Upside Excitement

It's been a rough August, with the world's largest crypto set to close the month with a double-digit percentage loss.

Bitcoin price 8/30 (CoinDesk)

Markets

First Mover Americas: BTC Little Changed, on Course to End August Down 8%

The latest price moves in crypto markets in context for Aug. 30, 2024.

BTC price, FMA Aug. 30 (CoinDesk)

Markets

Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time

U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market.

Deutsche Bank's survey of retail investors see bitcoin (BTC) price dropping below $20K by year-end (Meg Boulden/Unsplash)

Markets

Bitcoin Returns to $59K as Bulls Fail to Flip Key Resistance; AI Cryptos Lead Losses

AI-focused tokens such as FET, Render's RNDR and Bittensor's TAO slipped 7%-10% following Nvidia's post-earnings slump.

Bitcoin price on Aug. 29 (CoinDesk)

Markets

El Salvador's Bukele Says Bitcoin Strategy a 'Net Positive,' but Adoption Lags

El Salvador now holds $400 million in its "public wallet alone," President Nayib Bukele said in an interview with TIME.

El Salvadoran President Nayib Bukele. (Government of El Salvador, modified by CoinDesk)

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