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

World’s First Bitcoin Bonds Receive Regulatory Approval in El Salvador

The bonds are expected to launch in Q1 of 2024, several posts amplified on social platform X by President Nayib Bukele suggest.

By Shaurya MalwaDec 12, 2023

El Salvadoran President Nayib Bukele. (Government of El Salvador, modified by CoinDesk)

Markets

Bitcoin, Ether Drop Spurs $500M in Liquidations, but BTC Entering 'Never Seen Before' Era

“Due to the rise of Ordinals and Bitcoin L2s, there are reasons to be bullish on the Bitcoin ecosystem. We are entering an era of Bitcoin that we have never seen before,” one market watcher told CoinDesk.

By Shaurya MalwaDec 12, 2023

Markets

Bitcoin Dips 7% to Near $40K; Pullback Will Be Short-Lived, Say Experts

"Corrections shake out 'weak hands' and leverage, allowing for a stronger foundation for eventual moves higher," said well-followed analyst Will Clemente.

By Krisztian SandorDec 11, 2023