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



Finance

BlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred

Larry Fink, CEO of the world’s biggest asset manager, says crypto could “revolutionize finance,” endorsing an industry he once viewed with skepticism. But the very nature of an ETF is at odds with the original ideals of Bitcoin.

Larry Fink on Fox News (Fox Business)

Videos

Large Bitcoin Holders Reluctant to Move Assets on to Centralized Exchanges: Data

Despite a recent increase in bitcoin whales, large BTC holders remain reluctant to move assets on to centralized exchanges, according to data from Glassnode. Bitcoin whales, and whales moving assets on to exchanges have taken separate paths, as large investors seem wary of moving their assets out of cold storage. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

CoinDesk placeholder image

Markets

Storj, Filecoin and Solana Lead First Week of July Crypto Market Gains

STORJ, the native token of the crypto-backed, cloud storage platform, rose 15% on the week, outdistancing bitcoin and ether, among other digital assets.

Crypto storage tokens were the biggest gainers for the week. (Shutterstock)

Finance

U.S. Added 209K Jobs in June, Missing Expectations for 230K

The unemployment rate fell to 3.6% versus 3.7% in May and against expectations for 3.7%.

The government's jobs report for January was released Friday (David McNew/Getty Images)

Markets

Bitcoin Retakes $30K, Asian Stocks Hit 5-Week Low Ahead of U.S. Jobs Report

The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.

Bitcoin price. (CoinDesk/Highcharts.com)

Markets

First Mover Asia: Bitcoin Whales Are Increasing, but BTC Sent to Exchanges Continues to Fall. What Does the Trend Mean?

PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.

Bitcoin weekly chart. (CoinDesk Indices)

Markets

FOMC Minutes Show Uncertainty, Cautious Optimism. Large Bitcoin Investors Are Taking Divergent Paths

The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.

(Tom Parsons/Unsplash)

Pageof 834