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



Tech

Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality

After a video went viral of what appears to be a hardware wallet getting smashed with a hammer and then blow-torched into a charred mass, Ledger (and all of the crypto industry) got a searing reminder on the importance of managing expectations.

Screen grab from video purporting to show a user smashing a hardware wallet with a hammer and then setting it ablaze with a blowtorch. (@oklahodl1/Twitter)

Videos

Bitcoin Investors Are HODLing More Than Ever: Glassnode

Data from Glassnode shows that investors are holding on to their bitcoin longer than ever. The amount of bitcoin that's been held for at least a year has climbed to a record 68% while 55% of bitcoin has been held for at least two years, and 40% for three years. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

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Markets

Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research

The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted.

(Getty Images)

Finance

Bitcoin Payments Firm Strike’s Headquarters to Stay in U.S., Despite New El Salvador Office

The company established a headquarters in El Salvador for its global entity as it expanded its app to more than 65 countries last week.

Strike CEO Jack Mallers announcing Strike’s El Salvador headquarters at Bitcoin 2023. (Frederick Munawa)

Markets

First Mover Americas: Bitcoin Dips Below $27K After Hot UK Inflation Report

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

CoinDesk

Markets

Bitcoin, Ether Slip as UK Core CPI Reaches Highest Since 1992

The annualized 3-month trend in UK core CPI is running at a whopping 13.6%, per the UK Office of National Statistics.

Deutsche Bank's survey of retail investors see bitcoin (BTC) price dropping below $20K by year-end (Meg Boulden/Unsplash)

Markets

First Mover Asia: Crypto’s Narrative of This Season Is No Narrative at All

ALSO: Hong Kong’s proposed crypto exchange rules value TradFi chops over crypto knowledge. What are the key potential changes?

(Getty)

Markets

Bitcoin Climbs Past $27.4K but Remains in Holding Pattern as Investors Continue U.S. Debt Limit Vigil

Ether and most other major altcoins rise slightly, even as stocks drop amid worries about debt ceiling negotiations.

Bitcoin price chart (CoinDesk)

Markets

Bitcoin HODLing Has Never Been More Popular

More BTC than ever has been held for at least a year, according to Glassnode, a potentially bullish sign.

(Mufid Majnun/Unsplash)

Markets

CoinDesk Indices Trend Indicator Hints at Continued Downturn for Bitcoin, Ether

Bitcoin and Ether’s streak of monthly gains is in danger of ending.

Downgrade spiral staricase going down downwards (Unsplash)

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