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

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?

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Videos

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.

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Videos

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.

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Markets

First Mover Americas: Bitcoin in the Red for Fifth Straight Day

The latest price moves in crypto markets in context for Feb. 6, 2023.

Bitcoin daily chart (TradingView)

Markets

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?

Jerome Powell (Alex Wong/Getty Images)

Videos

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.

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Markets

Crypto Markets Analysis: Bitcoin, Ether Continue Surge Into February, but Jobs Data Raises Questions

The Federal Reserve must weigh the U.S.’ debt obligations while trying to tame inflation without sending the economy into a deep recession. Its next steps could have an impact on crypto markets.

The Federal Reserve building in Washington, D.C.. (Helene Braun/CoinDesk)

Videos

Chart Reveals Shift in Bitcoin Market Sentiment

Bitcoin (BTC) is trading significantly lower than in late 2021, but the sentiment in the market remains positive. The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021, according to Glassnode. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."

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Finance

Charlie Munger Hasn't Taken the Time to Study Bitcoin: MicroStrategy's Michael Saylor

A longtime skeptic of digital assets, the Berkshire Hathaway vice chairman earlier this week called for the U.S. government to ban cryptocurrencies.

Executive Chairman MicroStrategy, Michael Saylor (CoinDesk)

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