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 Buffeted Then Bounces on Binance/U.S. Settlement Report

Prices tumbled Tuesday morning as the DOJ announced an imminent major crypto enforcement action, but then rebounded

Crypto prices yo-yo on Binance news (Getty Images)

Markets

First Mover Americas: SEC Sues Kraken; Binance Faces $4B Settlement

The latest price moves in crypto markets in context for Nov. 21, 2023.

Nikhilesh De/CoinDesk

Markets

Fed Minutes Release May Be a Non-Event for Bitcoin

The minutes of the Nov. 1 Fed meeting may be outdated, given the post-meeting softness in economic data and resulting expectations for renewed interest-rate cuts in 2024.

(Jesse Hamilton/CoinDesk)

Markets

Bitcoin and BNB Token Stage Relief Rallies on Binance Settlement News

Crypto exchange Binance could reportedly soon be paying $4 billion to settle multiple U.S. criminal charges, according to Bloomberg.

Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

Videos

When Could Traders See the Arrival of a Spot Bitcoin ETF?

Hermine Wong, herminewong.xyz principal and former SEC special counsel, weighs in on the outlook for spot bitcoin ETF approvals in the U.S. as the Securities and Exchange Commission (SEC) delays decisions on applications for Franklin Templeton and Global X. When it comes to a timeline for the regulator's decision, Wong notes that she probably wouldn't bet on January 2024 for a decision at this point.

CoinDesk placeholder image

Markets

First Mover Americas: Crypto Friendly Javier Milei Wins Argentine Presidency

The latest price moves in crypto markets in context for Nov. 20, 2023.

(Photo by Marcos Brindicci/Getty Images)

Markets

Bitcoin Surpasses $37K on Argentina Presidential Election Result as Analysts Focus on Fed Notes

Crypto markets added some 2% in the past 24 hours, with the artificial intelligence-focused token sector driving the most gains for weekend traders.

Bitcoin broke the $37,000 level this morning. (CoinDesk)

Markets

Bitcoin Options Open Interest Climbs to Record $15B on Crypto Exchange Deribit

The notional open interest in BTC options listed on Deribit rose to a record $15 billion last week as traders scrambled to take bullish exposure.

BTC's options open interest on Deribit (Deribit).

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