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

First Mover Americas: Bitcoin Shows Signs of Life

The latest price moves in crypto markets in context for Sept. 8, 2023.

By Jamie Crawley, Omkar GodboleSep 8, 2023

Finance

MicroStrategy's Large Bitcoin Impairment Losses Have Given a False Impression: Berenberg

FASB accounting rule changes should help companies that hold digital assets to eliminate the poor optics that have been created by impairment losses, the report said.

By Oliver KnightSep 8, 2023

MicroStrategy Executive Director Michael Saylor (CoinDesk)

Finance

FASB's Crypto Accounting Shakeup Could Lure More Corporate Investment, Michael Saylor and Others Argue

The U.S. accounting standards board yesterday unanimously voted in favor of "fair value" accounting for crypto assets held on corporate balance sheets.

By Stephen AlpherSep 7, 2023

Podcasts

Crypto Update | Crypto Trading Volume Hits 4-Year Low and New Host Announcement

By CoinDeskSep 7, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

CoinDesk Indices

Back to School: Supporting the Next Generation of Investors

How will advisors adapt to support the next gen investor? Erik Anderson from Global X takes us through the changing landscape in today’s Crypto for Advisor newsletter.

By Sarah Morton, Erik AndersonSep 7, 2023