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



Policy

El Salvador Grants First Digital Asset License to Bitfinex

Tokenized shares and yield-bearing assets are potential products that could be launched under the new regulatory framework approved by the Central American country.

El Salvador (Esaú González, Unsplash)

Markets

Riot Platforms and Marathon Digital Lead Crypto Stock Gains as Bitcoin Stays Above $30K

The price of bitcoin is now up by more than 80% so far in 2023.

(Getty Images)

Opinion

The New York Times' Skewed Bitcoin Mining Exposé Reveals Blatant Bias

A new hit piece from “the paper of record” makes it clear: These are not serious people.

Aspen Creek is just one bitcoin mining facility that tapped Texas' cheap, but atypical, electricity grid. (Aspen Creek)

Opinion

First-Quarter Performance Recap: CoinDesk Market Index Up 58%, BTC Gains Amid Banking Crisis

Bitcoin posts its best quarterly performance in two years, and the CMI's Computing and Currency sectors see the most growth.

CoinDesk Indices

Markets

First Mover Americas: Bitcoin Soars Past $30K

The latest price moves in crypto markets in context for April 11, 2023.

(Getty Images)

Markets

Bitcoin, Not Ether, Builds Crypto Market Dominance Ahead of Ethereum's Shanghai Upgrade

Bitcoin's dominance rate, its share of the crypto market, has risen to its highest level in almost two years, while ether's stagnates.

(DALL-E/CoinDesk)

Markets

Bitcoin Shorts Take on 87% of Futures Liquidations as BTC Crosses $30K

Over $145 million in short positions against bitcoin prices were liquidated since early Asian morning hours on Tuesday.

BBitcoin faces headwinds (Pixabay)

Markets

China’s Douyin App Takes Down Bitcoin Price Ticker Hours After It Went Live

Bitcoin prices showing up on Douyin seemed to be an indication that Beijing maybe warming up to crypto. However, the ticker being taken down immediately afterwards suggests otherwise.

(Pixabay)

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