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

Michael Saylor Believes Demand for Bitcoin Products Is 10x the Supply

MicroStrategy co-founder and executive chairman says his company is re-branding as a bitcoin development company during CNBC interview.

By Sam ReynoldsFeb 13, 2024

MicroStrategy Executive Director Michael Saylor (CoinDesk)

Markets

Peter Thiel Made $200M Investment in BTC, ETH Before Bull Run: Reuters

A source said that the investment was split evenly between the two digital assets.

By Sam ReynoldsFeb 13, 2024

Peter Thiel holding cash (Rachel Sun/CoinDesk)

Opinion

Did President Biden Just Endorse Bitcoin?

The octogenarian politician is sporting laser eyes on Twitter, seemingly unaware it is a symbol of support for the cryptocurrency.

By Daniel KuhnFeb 12, 2024

Policy

Craig Wright Told by UK Court to Stop Making ‘Irrelevant Allegations’ as COPA Trial Continues

Wright continued to blame a host of reasons and people for inconsistencies pointed out by opposing counsel on Monday as his cross-examination intensified.

By Sandali HandagamaFeb 12, 2024