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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
First Mover Asia: Crypto Is Flat Before Fed Chair Speech; Japan's SBI Building a Metamask Competitor for Yen-Denominated NFT Trading
Crypto trading is largely denominated in USD, but the U.S. isn't the center of the digital assets world.
Bitcoin Holds Steady Near $23K as Investors Weigh Their Next Steps
Ether also traded sideways to change hands at about $1,635. Equities declined.
Bitcoin Has Jumped 35% In Past Month
Andre Portilho, Head of Digital Assets at Brazilian Investment Bank BTG Pactual, discusses his outlook for bitcoin (BTC) as the cryptocurrency hovers around $23,000 after its rally in January. Plus, the future of bitcoin development and adoption.
Bitcoin Network's Block Size Outlook
New Fundstrat data shows Bitcoin's mean block size has increased since the Ordinals protocol, which allows for NFTs to be stored on Bitcoin's blockchain, started to gain traction towards the end of January. Separately, the Bitcoin Lightning Network has reached an all-time high in terms of capacity, or the amount of bitcoin locked in payment channels, according to The Block. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Crypto Markets Analysis: Crypto Long Positions Surging Among Asset Managers
The most recent Commitment of Traders report shows asset managers with reportable positions are now 99.19% long bitcoin. But will the current crypto market euphoria continue?
Bitcoin Lightning Network Developments
CoinDesk Editor at Large Christie Harkin discusses the latest news surrounding Bitcoin's Lightning Network, a second layer on top of the Bitcoin blockchain that uses user-generated micropayment channels to conduct transactions more efficiently. "The Hash" panel weighs in on what the future holds for the Lightning Network.
Bitcoin in the Red for Fifth Consecutive Day
Bitcoin (BTC) is trading down for a fifth straight day, the longest run since falling over six consecutive days in August last year. OANDA Senior Market Analyst of The Americas Edward Moya discusses his BTC outlook and the impact of macroeconomic factors on the crypto markets, noting the recent January jobs report data.
First Mover Americas: Bitcoin in the Red for Fifth Straight Day
The latest price moves in crypto markets in context for Feb. 6, 2023.
First Mover Asia: Bitcoin Not Ready to Soar as Investors Await Fed Chair Speech, More Earnings
ALSO: As crypto prices rise, venture capital into the blockchain space is likely to rise. But will investment firms learn from their past overindulgences in the sector?
Craig Wright’s UK Case Against 16 Bitcoin Developers To Go To Full Trial
The U.K. Court of Appeal ruled that a claim by Craig Wright's Tulip Trading against 16 Bitcoin developers should go to trial in London. The claim was originally dismissed in March 2022. CoinDesk Editor at Large Christie Harkin discusses what to expect. And, CoinDesk Co-Regional News Chief for the Americas Stephen Alpher shares his outlook on bitcoin's February seasonal performance.