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

Policy

Jailed Kickboxer Andrew Tate Promoted Bitcoin for Tax Avoidance in Video

The video of Andrew Tate, who was 2022's eighth-most Googled person, was published by popular YouTube personality and criminal lawyer Bruce Rivers earlier this month. But the strategy Tate touted for bitcoin tax avoidance would likely run afoul of the law in many jurisdictions.

By Frederick MunawaJan 30, 2023

Andrew Tate (L) and Tristan Tate leave the Bucharest Court of Appeal after the hearing on their appeal to the decision of arrest for 30 days, on Jan. 10, 2023. (Andreea Campeanu/Getty Images)

Markets

First Mover Americas: Bitcoin Was Weekend Warrior

The latest price moves in crypto markets in context for Jan. 30, 2023.

By Lyllah Ledesma, Omkar GodboleJan 30, 2023

The price of bitcoin hit a five-month high over the weekend. (CoinDesk archives)

Markets

First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K

The retail giant’s initiative, especially in NFTs, may force some regulatory clarity for digital assets. Cryptos surge in Sunday trading.

By Sam Reynolds, James RubinJan 30, 2023

Markets

Crypto Markets Today: Bitcoin Holds Steady Above $23K, White House Urges Congress to 'Step Up' Crypto Regulation

Also: Polygon’s MATIC token gained 8%, while Arbitrum-based decentralized trading platform Vela Exchange's DXP token surged 26%. Equities closed up.

By Jocelyn YangJan 27, 2023

Videos

Bitcoin on Track for Best January Performance in a Decade

Bitcoin (BTC) is having its best start to the year since 2013 after jumping 40% this month amid weakness in the U.S. dollar. A Matrixport analyst said that 85% of the rally has been powered predominantly by U.S.-based buyers. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."

Jan 27, 2023