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 ETF Traders Buy the Dip With Nearly $300M Inflows

Net inflows on Monday were the highest since early June, data shows, with Blackrock’s BTC ETF taking on almost $190 million.

El Salvador bought the dip. (Unsplash, modified by CoinDesk)

Finance

Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan

Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.

(Shutterstock)

Markets

First Mover Americas: BTC Rebounds to $57K

The latest price moves in crypto markets in context for July 8, 2024.

BTC price, FMA July 8 2024 (CoinDesk)

Finance

Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies

U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.

A photo of four mining rigs

Markets

CoinDesk 20 Down 7%, Bitcoin Sinks by 5% as Asia Trading Week Begins

Nearly $175 million in long liquidations as broader market contracts

(CoinDesk Indices)

Markets

Bitcoin ETF Investors Bought the Dip on Friday, With Inflows Topping $140M

The price of the world's largest crypto has seen a very modest bounce since tumbling below $54,000 early Friday.

(Getty Images)

Markets

Crypto Crash Pushes Fear & Greed Index to Lowest Since Bitcoin Traded at $17K in Early 2023

The widely-followed sentiment metric hit extreme greed levels earlier in March near the local top of the crypto market, but now is pushing its limits in the opposite direction.

Edvard Munch's "The Scream" (Art Institute of Chicago)

Videos

U.S. Adds 206K Jobs in June; Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the U.S. Bureau of Labor Statistics reported the addition of 206,000 jobs in the month of June. Plus, Mt. Gox said that it started making repayments to customers after a near 10-year wait. And, U.S. crypto-adjacent stocks drop as bitcoin crashed to the lowest level since February.

Recent Videos

Markets

U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021

Bitcoin dipped a hair on the news but prices had already crashed over the past 48 hours as markets dealt with a crush of new supply.

The government's jobs report for January was released Friday (David McNew/Getty Images)

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