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



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)

Markets

First Mover Asia: What Will It Take to Get Bitcoin to $30K?

The world’s largest digital asset isn’t budging and it'll take regulatory clarity to push past $30,000.

(CoinDesk Indices)

Markets

Operadores de opciones cripto hacen una apuesta arriesgada contra la volatilidad de bitcoin

"Considerando la ausencia de grandes noticias en agosto, vender volatilidad y tomarme unas vacaciones para obtener ganancias sólidas de theta es lo único que puedo hacer en este momento", dijo un operador.

Roller coaster ride for bitcoin on Monday (Getty Images)

Tech

It's ChatGPT, but for Bitcoin: New AI Tool Avoids 'Hallucinations'

An experimental version of the Bitcoin-focused AI chatbot was released on Thursday by Chaincode Labs, which says its new "ChatBTC" is less likely to give incorrect answers about the original blockchain, or to “hallucinate” like the more popular (and generalist) ChatGPT.

ChatBTC "Holocat" (Chaincode Labs)

Markets

CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst From July Inflation Data

Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024.

The April inflation report was released Wednesday morning (JLGutierrez/Getty Images)

Markets

Bitcoin Remains King While Crypto Hedge Funds Get Rekt

Even though crypto hedge funds managed positive returns during the first half of the year, bitcoin trounced them, according to a 21e6 Capital report.

(Getty Images)

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