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



Consensus Magazine

Want to Mine Bitcoin at Home? DIY Bitcoiners Have Stories to Share

From an ASIC-heated swimming pool to a handmade soundproof container, these die-hards found ways to make home mining feasible, if not quite profitable.

Gerald Glickman's "immersion-cooled bitcoin miner/pool heater" (YouTube)

Markets

First Mover Americas: BTC and ETH CME Futures See Record Participation From Big Traders

The latest price moves in crypto markets in context for July 27, 2023.

(AhmadArdity/Pixabay)

Markets

Bitcoin Volatility Expected on Friday's Bank of Japan Rate Decision. Here's Why

The BOJ is predicted to soften its grip on the country's bond markets, potentially influencing global bond markets, exchanges rates and liquidity conditions. Bitcoin and cryptocurrencies, in general, are sensitive to changes in global liquidity conditions.

(Shutterstock)

Markets

Bitcoin, Ether CME Futures Saw Record Participation From Large Traders in Q2

Bitcoin futures institutional interest continued to increase throughout the quarter as investors sought regulated venues/products to hedge rising market volatility and manage risk and exposure, CME said.

(Shutterstock)

Markets

First Mover Asia: Bitcoin Post-Fed Rate Hike Fizzles. Will BTC's Recent Low Volatility Last Much Longer?

zkSync Era launched only in February but has more daily active addresses than Arbitrum and Optimism, the two largest scaling solutions by total value locked, underscoring the rising interest in its potential airdrop.

Bitcoin monthly chart. (CoinDesk Indices)

Markets

Bitcoin Remains in Tight Range Around $29.3K; Stellar's XLM Leads Altcoin Gainers

Fresh U.S. economic data Thursday morning delivered good news on inflation and economic growth.

BTC

Finance

RFK Jr. Confirms Recent Bitcoin Purchases

The Democratic presidential candidate has previously been supportive of Bitcoin, promising to exempt the crypto from capital gains taxes.

US presidential candidate Robert F Kennedy Jr.

Markets

Bitcoin is Behaving as the Uncorrelated Asset That Some Investors Want, if Only Its Price Would Increase

Bitcoin’s recent decoupling from traditional finance keeps it on the sidelines as other asset prices have surged.

Anne Nygard (Unsplash)

Markets

Federal Reserve Hikes Fed Funds Rate by 25 Basis Points

The move was fully anticipated by market participants who will now look to Chairman Jerome Powell’s imminent post-meeting press conference for clues about whether the central bank intends to continue tightening monetary policy.

Tokens de XRP aumentan tras la presentación de la CFCT contra el destacado exchange de criptomonedas Binance. (Jesse Hamilton/CoinDesk)

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