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 Market’s Post-Fed Rally Continues as DeFi, Smart Contract Platform Sectors Star

Uniswap's UNI token and Avalanche's AVAX token were recently up about 4.5% and 3.4%; ether rose 3% at one point Thursday a day after unexpectedly moderate comments from Fed Chair Jerome Powell.

By Jocelyn YangFeb 2, 2023

(Digital Art/The Image Bank/Getty Images)

Markets

Crypto Markets Analysis: Bitcoin and Ether’s Divergent 2023 Paths May Present Opportunity for Crypto Investors

The two largest cryptocurrencies by market capitalizations' net position change on exchanges have gone in opposite directions.

By Glenn Williams Jr.Feb 2, 2023

Finance

MicroStrategy Books Impairment Charge of $197.6M on Q4 Bitcoin Holdings

The business software company reported its fourth-quarter results on Thursday afternoon.

By Stephen AlpherFeb 2, 2023

MicroStrategy CEO Michael Saylor at the Bitcoin 2022 Conference in Miami (Marco Bello/Getty Images)

Videos

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool

Independent developer, Udi Wertheimer, claims he minted a giant image of what appears to be a bald, bearded wizard donning sunglasses and promoting “magic internet JPEGs” on the Bitcoin blockchain via the Ordinals protocol. His announcements in the Discord channel “taprootwizards.com” and on Twitter sparked further flames of division between Bitcoin purists and Ordinals proponents. "The Hash" panel weighs in.

Feb 2, 2023

Finance

Coinbase Shares Soar as Crypto-Related Stocks Continue Post-Fed Rally

Barclays analyst said Coinbase volumes rose 56% in January from the previous month.

By Helene Braun, Aoyon AshrafFeb 2, 2023

Crypto-related stocks soared after the Federal Reserve's latest rate hike decision. (TradingView)

Tech

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool

Luxor Mining collaborated with independent developer Udi Wertheimer to mint the NFT advertising “Magic Internet JPEGs” in “the largest Bitcoin block ever mined.”

By Frederick Munawa, George KaloudisFeb 2, 2023