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 Today: CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill

Rostin Behnam made the suggestion as regulators and the crypto industry continue processing the implosion of crypto exchange giant FTX.

CFTC Chair Rostin Behnam speaks at DC Fintech Week. (Nikhilesh De/CoinDesk)

Videos

Levels to Watch for Bitcoin Amid FTX Gloom

Bitcoin (BTC) briefly bounced above $17,000 before retreating amid the continued fallout of crypto exchange FTX. StockCharts.com Senior Technical Analyst Julius de Kempenaer discusses his bitcoin's upside potential and downside risk.

CoinDesk placeholder image

Markets

Crypto Market Analysis: Ether’s Recent Strength vs. Bitcoin Reaches Key Crossover Signal

The sample size of crossovers of 10- and 100-day moving averages for ETH and BTC is small but worth watching. A positive crossover is often a bullish sign.

The price of ether has risen 16% in the past week. (Getty Images)

Markets

November Jobs Report Due Friday as the Fed's Powell Confirms Slower Pace of Rate Hikes

The employment report for November is expected to show a sizable slowdown in hiring, but the labor market remains too tight, according to the central bank chair.

(Chalirmpoj Pimpisarn/Getty Images)

Markets

First Mover Americas: Crypto's November Fall

The latest price moves in crypto markets in context for Dec. 1, 2022.

Idyllwild Park, Idyllwild, United States (Victor Baro/Unsplash)

Markets

Bitcoin's Price Action Is Encouraging, But It May Not Signal Bottom: Traders

The cryptocurrency's price needs to trade above its 21-week moving average to confirm a bottom, one trader said.

Investors bottom fishing  (Robson Hatsukami Morgan, Unsplash)

Markets

First Mover Asia: Bitcoin Rises Again on US Fed Chair's Moderate Remarks

ALSO: Sam Reynolds writes that the decision by shipping giant Maersk and IBM to wind down TradeLens highlights the failure of blockchain-based transparent ledgers, which once held great promise in a range of industries.

Los mercados han subido las últimas 24 horas. (Mehmet Turgut Kirkgoz, Unsplash)

Markets

Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce

The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday.

Kraken is cutting 30% of its global staff. (Shutterstock)

Markets

Bitcoin Correlation With the Dollar Index Turns Negative, Again

Asset managers reduced long positions in BTC for a third consecutive week.

Daren Li pleaded guilty to conspiracy to commit money laundering. (Pixabay)

Markets

Crypto's Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%

The FTT token, along with Serum's SRM and Solana's SOL, plunged amid the dramatic collapse of Sam Bankman-Fried's FTX exchange. Bitcoin had its worst loss in five months.

(Getty Images)

Pageof 834