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 Might Test $20K as It Looks for Support

ALSO: The SEC's move on Kraken's staking program last week shouldn't be seen as an indictment of staking as a whole.

Man staring out window at lightning storm (Grant Faint/Getty Images)

Opinion

I’m Glad There Are No Crypto Super Bowl Ads: Here’s Why

Sportswashing and crypto company hubris are no longer in play this year. And that's a good thing.

Super Bowl LVII: Kansas City Chiefs, the Philadelphia Eagles and no crypto ads (Peter Casey/Getty Images)

Markets

Crypto Markets Analysis: Cryptos Upswing Stalls This Week Amid Fresh Regulatory Concerns

Bitcoin and ether decoupled from traditional assets as the crypto industry’s main narrative shifted from macroeconomic uncertainty to the SEC’s agreement with exchange giant Kraken and the possibility of new regulation.

(Shutterstock)

Opinion

An Ode to LocalBitcoins (and a Lesson About Maintaining Bitcoin's Public Goods)

Bitcoiners can take a leaf out of Ethereum's book when it comes to founding and funding open infrastructure needed for all.

(H. Armstrong Roberts/ClassicStock/Getty Images)

Videos

Bitcoin Falls Below $22K After Kraken's SEC Settlement

Bitcoin (BTC) and ether (ETH) are dropping after crypto exchange Kraken's $30 million settlement with the U.S. Securities and Exchange Commission. DFD Partners President Bilal Little shares his analysis of the crypto markets and why he thinks we might be in the early innings of the next crypto bull cycle.

CoinDesk placeholder image

Markets

First Mover Americas: Kraken's SEC Settlement Sends Crypto Markets Tumbling

The latest price moves in crypto markets in context for Feb. 10, 2023.

Lower rates may be behind bitcoin's big move (© Eugene Mymrin)

Markets

First Mover Asia: Kraken Crypto Staking Settlement Bedevils Markets as Bitcoin Lingers Below $21.9K

ALSO: CoinDesk analyst Glenn Williams considers the significance of "whales" sending bitcoin back to exchanges, while smaller investors remove it.

Kraken's agreement to shutter its liquid staking operation bedeviled crypto markets. (Metropolitan Museum of Art)

Pageof 834