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: Bitcoin Fear and Greed Index Sinks Into Neutral Territory, a Sign of Investor Uncertainty

The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.

By James Rubin, Glenn Williams Jr.Jul 21, 2023

Bitcoin weekly chart. (CoinDesk Indices)

Markets

Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows

Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.

By Krisztian SandorJul 20, 2023

Markets

Initial Jobless Claims Suggest Continued Fed Tightening, but Investors Appear Unfazed

Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred

By Glenn Williams Jr.Jul 20, 2023

Videos

Federal Reserve Launches Instant Payments Service; Tesla's Bitcoin Holdings

“CoinDesk Daily” host Jennifer Sanasie dives into today’s biggest headlines in crypto, including the Federal Reserve officially opening its new instant payments service, FedNow. Tesla (TSLA) did not buy or sell any bitcoin for the fourth straight quarter in Q2 2023. And, some users of FTX are being targeted by a potential phishing attack after being sent a "reset password" request from the exchange's official customer support email.

Jul 20, 2023

Podcasts

Crypto Update | The Talk in Crypto Town Is Still XRP

By George KaloudisJul 20, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Markets

First Mover Americas: XRP Momentum Could Set Precedent for Bitcoin

The latest price moves in crypto markets in context for July 20, 2023.

By Jamie Crawley, Omkar GodboleJul 20, 2023

Markets

XRP Moving Above 'Cloud' Resistance Is Bullish Precedent for Bitcoin: Analyst

We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.

By Omkar GodboleJul 20, 2023

Markets

First Mover Asia: XRP, XLM Climb While Bitcoin Trudges Below $30K

PLUS: Ripple's partial victory last week in its ongoing legal feud with the Securities and Exchange Commission left important questions unsettled for token issuers, a crypto lawyer told CoinDesk TV.

By James RubinJul 20, 2023

Markets

XRP Soars 10%, Lifting Altcoins as Bitcoin Dominance Teeters at 1-Month Low

Bitcoin’s stall despite a recent wave of positive crypto news is a cause for concern, one observer said.

By Krisztian Sandor, James RubinJul 19, 2023

XRP price in the last 24 hours (CoinDesk)

Finance

Tesla Didn’t Buy or Sell Any Bitcoin for Fourth Straight Quarter in Q2

The value of its bitcoin holdings remained at $184 million.

By Nelson WangJul 19, 2023

Pageof 880