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

Buy Bitcoin Miners' Stocks Ahead of the Halving, Bernstein Says

Bitcoin’s bullish trajectory is expected to resume after the halving once mining hashrates have adjusted to the lower rewards and ETF inflows resume, the report said.

A close-up of one of Riot's mining rigs. (Riot Blockchain)

Markets

Goldman Cautions Against Extrapolating Previous Bitcoin Halving Cycles for Price Predictions

Bitcoin's fourth mining reward halving is just two days away.

Goldman Sachs logo (CoinDesk archives)

Tech

Runes, Casey Rodarmor's Protocol for 'Sh*tcoins' on Bitcoin, Set to Go Live at Halving

Rodarmor created last year's breakout Ordinals protocol, which is used to create non-fungible tokens (NFTs) on Bitcoin. Now, he says the relevance of protocols like his new Runes, used to create fungible tokens, is set to grow.

Ordinals and Runes creator Casey Rodarmor (rodarmor.com)

Markets

Spot Bitcoin ETF Hype Dies Down, Normalcy Sets In

It's hardly unusual for ETFs of any ilk to go through periods of seeing no fresh money on a net basis, explained an analyst.

The 10 spot bitcoin ETFs on Monday experienced their first net inflows in a week (Jim Wilson/Unsplash)

Opinion

What Bitcoiners Are Saying About the Upcoming Bitcoin Halving

Is the halving priced in or not? Will it disrupt the bitcoin mining industry? Or accelerate adoption? Here's what experts and community members are saying about the fourth — and perhaps most anticipated — halving.

(Ana Flávia/Unsplash)

Markets

Is the Bitcoin Rally Over? Reasons to Stay Bullish on BTC Despite Correction

Bitcoin has pulled back more than 15% since hitting an all-time high one month ago, with some major altcoins nosediving 40%-50%, but "few understand how normal corrections like these are in bull markets," one observer noted.

Bulls against a background of snow.

Opinion

Bitcoin Miners Must Optimize to Survive

The bitcoin mining industry will likely consolidate following the halving as miners with access to more capital continue to expand their operations and improve their infrastructure, software and business contracts, Core Scientific CEO Adam Sullivan writes.

A photo of four mining rigs

Tech

OG Bitcoin L2 Stacks Is Getting a Major Overhaul

The Nakamoto update will decouple block production from Bitcoin itself, solving the problem of network congestion Stacks has had since it launched its mainnet in 2021.

(CoinDesk TV)

Markets

Exploding Gold Sales at Pawnshops Offers Lesson for Bitcoin Bulls

As always, rising prices bring forth boosted supply.

All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset. (Unsplash)

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