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 Flirts With $30K as Traders Await CPI

The latest price moves in crypto markets in context for August 9, 2023.

Bitcoin is up ahead of the release of July's U.S. inflation numbers on Thursday. (CoinDesk archives)

Markets

Crypto News Today: Bitcoin's Rally Toward $30K, PayPal's Stablecoin Fakes, and More

As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.

bitcoin 8/8

Markets

Private Equity Giant David Rubenstein Makes the Case for Bitcoin

Asset management leader BlackRock’s interest in a spot bitcoin ETF is among the signals that the cryptocurrency isn’t going anywhere, said the Carlyle Group co-founder.

Carlyle Group's David Rubenstein (Alberto E. Rodriguez/Getty Images)

Videos

Binance Receives License to Offer Bitcoin Services in El Salvador

The Central Bank of El Salvador granted two licenses to crypto exchange Binance to offer bitcoin and digital assets services in the country. "The Hash" panel discusses what this means for Binance as the exchange has been facing regulatory scrutiny in the U.S. Plus, "The Hash" team shares insights into the significance of crypto adoption in the country.

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Opinion

Where Will Bitcoin Mining Be After the Halving?

Former petroleum engineer Rena Shah says bitcoin miners will need to embrace eco-friendly trends like flare gas recovery and nuclear power after mining revenues are cut.

nuclear power plant (Emmelie Callewaert/Wikimedia Commons, modified by CoinDesk)

Markets

Rising Dormant Bitcoin Numbers Suggest Holding Is a Preferred Investment Strategy

Almost 69% of circulating bitcoin have been inactive for at least a year.

An increasing figure of inactive bitcoin suggests a decline in the supply available in the market. (Glassnode)

Markets

Bitcoin Quiet in Asia at $29.3K as Market Hunts for Catalyst

Thursday morning's inflation report from the government was slightly better than economists had forecast.

(CoinDesk Indicies)

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