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



Finance

Price, Not Intrinsic Value, Is the True Measure of Bitcoin’s Success

Many financial advisors cite lack of intrinsic value as a case against bitcoin. But demand and global adoption, evidenced by bitcoin's steadily increasing price, are what they should be paying attention to.

(Hector Roqueta Rivero/GettyImages)

Markets

Shares of Grayscale Bitcoin Trust Form Bullish Chart Pattern: Technical Analyst

The bullish reversal pattern would open doors for a 50% price rally, chart analysts said.

(Nicholas Cappello/Unsplash)

Tech

Arthur Hayes Proposes Bitcoin-Backed Stablecoin Called NakaDollar

The currency would rely on exchanges to maintain a peg to $1, the BitMEX co-founder said.

Arthur Hayes sentenciado a dos años de libertad condicional. (BitMEX)

Markets

Crypto Options Market Flashes Bitcoin Warning as Silvergate Winds Down Operations

Bitcoin's options skew favors bearish put options by the most in two months.

(Gaertringen/Pixabay)

Markets

Silvergate Collapse Dragging Down Bitcoin Volume

Data from CryptoQuant shows that active addresses and transfer volume have seen significant declines as Silvergate weighs heavy on the market.

(Clay LeConey/Unsplash)

Markets

U.S. Government's $1B Bitcoin Transfer Spooks Investors; Bitcoin Dips

The price of bitcoin dipped below $22,000 early Wednesday after authorities moved some of the bitcoin to Coinbase-controlled wallets.

(Shutterstock)

Markets

First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns

ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. But at least one analyst questions whether it can deliver on its promise.

(Andriy Onufriyenko/Getty Images)

Markets

Bitcoin Whales Have Been Swimming in Different Directions

While the number of smaller whales has declined, the number of larger bitcoin whales has risen. What do the trends mean?

“Whales” are removing BTC from exchanges en masse. (Nitesh Jain/Unsplash)

Markets

Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC

Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court hearing.

(Unsplash/Modified by CoinDesk)

Finance

Let’s Talk About Crypto Protocol Layers and Why Investors Must Examine Them

They’re the overflow rooms for the bustling Bitcoin and Ethereum ecosystems.

(desmon jiag/GettyImages)

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