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



Tech

The Protocol: Is Ethereum's Dencun Update All It's Cracked Up To Be?

Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path.

(Andrea De Santis/Unsplash)

Opinion

How a Bitcoin Mixer Laundering Conviction Might Be Appealed

Roman Sterlingov was convicted on four charges related to operating the crypto mixer Bitcoin Fog, a decision noted defense attorney Tor Ekeland intends to challenge.

(Tom S/Unsplash, modified by CoinDesk)

Policy

Craig Wright's Counsel Hits Back at COPA's Fraud Allegations in Closing Argument

Anthony Grabiner alleged that some of COPA's fraud claims had no exact proof.

Craig Wright heading to COPA trial on March 1  (Camomile Shumba/CoinDesk)

Finance

Why Diversification Matters for Crypto, Too

The rise of Bitcoin may tempt investors to ask “Why Not 100% Bitcoin?” Here’s why.

(Unsplash+/ Getty Images)

Policy

El Salvador Axes Income Tax for Investments From Abroad

The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas.

El Salvador (Esaú González, Unsplash)

Markets

Bitcoin Eyes $74K as BTC ETFs See Record $1B in Net Inflows

Spot bitcoin exchange-traded funds took in 14,706 BTC, or over $1 billion, in net inflows on Tuesday, data tracked by BitMEX Research shows.

Bulls against a background of snow.

Markets

Bitcoin's Wild Four Hours: New Record of $73K, Tumble to $69K, Rebound to $71K, $360M in Liquidations

Momentum behind bitcoin's rally has waned so expect a period of consolidation, Matrixport analysts noted.

Rollercoaster (Matt Bowden/Unsplash)

Policy

Craig Wright ‘Committed Perjury’ in U.K. Trial Over Satoshi Claims, COPA Says

The Crypto Open Patent Alliance said it will ask U.K. prosecutors to consider pursuing Wright for “perjury” over his defense of forgery allegations.

Craig Wright (Eamonn M. McCormack/Getty Images for London Blockchain Conference )

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