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

Chainalysis Testimony Raises the Question: Do We Know How Well Any Such Software Works?

Chainalysis' head of investigations doesn't seem to have a great understanding of the accuracy of her company's flagship software. She’s not alone.

Tor Ekeland, interviewed by The Daily Dot radio's Nicole Powers in 2014.  (Modified by CoinDesk)

Opinion

The Single Most Important Truth About Bitcoin Mining, Energy and the Environment

Proof-of-work mining will help to decarbonize the grid and lower the cost of energy production, Reed College professor and Bitcoin Policy Institute fellow Troy Cross writes.

(Benjamin Von Wong)

Videos

Bitcoin Slips to $29K Level Amid WSJ Report on Binance

Bitcoin (BTC) is slipping after the Wall Street Journal said Binance CEO Changpeng "CZ" Zhao suggested in a private conversation that the crypto exchange's affiliates had conducted wash trading several years ago and China's policymakers warned of a tortuous economic recovery while falling short of announcing large-scale stimulus. "The Hash" panel discusses the takeaways from the report and the outlook for Binance.

CoinDesk placeholder image

Videos

Bitcoin Starts Week in the Red Ahead of Pivotal Time for Central Banks

The Federal Reserve, Bank of Japan and European Central Bank are all slated to announce interest rate decisions this week. Defiance ETFs CEO Sylvia Jablonski discusses the potential macro factors moving the price of bitcoin (BTC) as the largest cryptocurrency by market cap slips below $30,000. Plus, how AI could transform the future of crypto.

Recent Videos

Markets

Bitcoin Drops to $29K Amid Binance Story, China Woes; XRP, SOL Lead Altcoin Slump

Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.

BTC daily price (CoinDesk)

Markets

First Mover Americas: Bitcoin Starts Week in the Red

The latest price moves in crypto markets in context for July 24, 2023.

(Shutterstock)

Markets

Bitcoin Long-Term Holders Control 75% of Circulating Supply: Glassnode

The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.

Bitcoin long-term holder supply (Glassnode)

Markets

Bitcoin Traders Cautious Despite Spot ETF Optimism, Leverage Indicators Suggest

The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.

The estimated leverage ratio remains rangebound. (CryptoQuant)

Markets

First Mover Asia: Bybit CEO Ben Zhou: Regulators See Crypto as an ‘Opportunity,’ Not a Crisis

The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.

Bitcoin daily chart. (CoinDesk Indices)

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