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 Asia: SEC Appealing XRP Ruling Isn't Moving Markets

Ripple's partial victory over the Securities and Exchange Commission pushed up the layer 1 and altcoin market, as many of these tokens had been accused of being securities.

(CoinDesk Indices)

Tech

The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software

We're covering Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software.

Coinbase CEO Brian Armstrong (Coinbase)

Finance

Animated Series Futurama Takes Characters to 'Doge City,' Mocks Crypto Miners

In its latest episode, which aired on Aug. 7 on streaming platform Hulu, the characters attempt to make money by selling thallium, a toxic metal used to mine crypto in the shows, to crypto miners in “Doge City.”

Futurama/Flickr

Opinion

What Is Bitcoin's 'Bart' Pattern and Does It Mean BTC Is Heading Towards a Rally?

Squint at the latest price charts and you can see a popular cartoon character from The Simpsons—and portents of a brighter future for crypto.

bart simpson sculpture (mendhak/Wikimedia Commons, modified by CoinDesk)

Markets

The Right Way to (Passively) Invest in Crypto: Crypto Long & Short

John Bogle and modern portfolio theorists revolutionized investing, but their insights need some revision to work in crypto.

(Logan Weaver/Unsplash)

Markets

A Wild Month for Treasuries Is Slow Going for Crypto: Crypto Long & Short

Bitcoin looks more stable than long-term U.S. Treasuries, which means it’s a boring time for crypto but an exciting time in the bond market.

(Elena de Soto/Unsplash)

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

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