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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
Crypto Markets Today: Bitcoin Ends Penultimate Week of (Awful) 2022 on Quiet Note
ALSO: A year of steep declines in crypto markets brought another unwanted element – a dramatic increase in scams including “rug pulls.”
Understanding Bitcoin's 64% Decline in 2022
Bitcoin (BTC) is down 64% in 2022, which is the biggest loss for the largest cryptocurrency by market capitalization since its 73% plunge back in 2018. CoinDesk's Managing Editor of Markets Brad Keoun weighs in on the latest price action with just one week left in the year. Plus, CoinDesk's Managing Editor of Technology Christie Harkin discusses QuadrigaCX's very improbable week.
Bitcoin Outperforming Crypto Stocks This Year
While bitcoin has tanked 63% this year, crypto stocks, often seen as a proxy for digital assets, have suffered bigger losses. Christine Lee presents the Chart of the Day.
Crypto Markets Analysis: Prices Trade Quietly Despite Surrounding Noise
Price action for bitcoin and ether is relatively flat as markets become quieter near year end.
Craig Wright Can Appeal Satoshi Defamation Finding, Norwegian Court Rules
An Oslo judge in October ruled Twitter user Hodlonaut had been within his rights to post 2019 tweets calling Wright a "fraud" and "scammer."
2023 Will Be the Death of Bitcoin Energy FUD
It's becoming increasingly difficult to ignore how green bitcoin mining can combat climate change.
First Mover Americas: SEC Scrutnizes Crypto Audits; SBF Gets Bail
The latest price moves in crypto markets in context for Dec. 23, 2022.
First Mover Asia: Bitcoin, Ether Hold as US Stocks Fall
Plus: Glenn Ardi of CoinDesk Indonesia writes about Indonesia's vision of government permitting and controlling Web3 and DeFi by providing a government-sanctioned payment layer.
Crypto Markets Today: Federal Judge Releases Bankman-Fried on $250M Bond
The bond was secured by his parent's Palo Alto house, where he was told he could stay.
Bitcoin Protocol Development Steadily Progressing Despite Only 40-60 Monthly Active Developers: NYDIG
The report was written by Bitcoin-focused investment firm, New York Digital Investment Group
