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 Slides to $26.5K Amid Surging U.S. Dollar; Record-High Rates Are ‘Nightmare’ for Crypto Firms

The 10-year Treasury rate surging to a 16-year high and equity markets selling off could push BTC lower, one trading firm said.

BTC price on Sept. 21 (CoinDesk)

Finance

Top 3 Crypto Myths Tackled for Advisors

Christopher Jensen from Franklin Templeton tackles myths about crypto in today’s Crypto for Advisors newsletter.

BNB Chain to undergo upgrade in June (Moritz Mentges/Unsplash)

Markets

Bank of Japan a Major Source of Uncertainty, Crypto Volatility Trader Says

While the Fed's tightening cycle seems to be in its final stages, the Bank of Japan is yet to move the needle on rates.

(Shutterstock)

Markets

First Mover Americas: NFT Platform ImmutableX's IMX Token Rallies

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

rocket lifting off

Finance

Infamously Hacked Crypto Exchange Mt. Gox Delays Repayment Deadline by a Year

The prominent crypto exchange was hacked in 2014, which led to 850,000 bitcoin (BTC) – now worth almost $23 billion – being drained.

Mt. Gox Creditor Kolin Burges confronts Former Mt. Gox CEO Mark Karpeles (CoinDesk)

Markets

Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve's Powell

The Wednesday pause in rate hikes had been overwhelmingly expected by market participants, but Fed members now see much higher interest rates for next year than previously projected.

Fed Chair Jay Powell Signaled Easier Monetary Policy on Wednesday (Win McNamee/Getty Images)

Markets

A Bitcoin ETF Has Golden Parallels From History

Gold ETFs dramatically shook up markets. A spot bitcoin ETF could do the same.

(Joshua Sortino/ Unsplash)

Videos

Bitcoin Investor Sentiment Shifting Towards the Negative: Glassnode

Nearly all short-term bitcoin holders are now underwater on their position, with investor confidence leaning towards the negative, according to Glassnode data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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