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

First Mover Americas: One of the Largest Bitcoin Miners Goes Bankrupt

The latest price moves in crypto markets in context for Dec. 21, 2022.

By Lyllah LedesmaDec 21, 2022

Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)

Finance

Bitcoin Miner Core Scientific Files for Bankruptcy, Expects Support From Some Debt Holders

The publicly traded miner expects support from some of the holders of its convertible notes in a restructuring deal.

By Aoyon Ashraf, Eliza GkritsiDec 21, 2022

Core Scientific facility in North Carolina. (Core Scientific)

Finance

Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report

A source told CNBC that bankruptcy proceedings would not impact operations.

By Sam ReynoldsDec 21, 2022

Markets

First Mover Asia: BitDAO’s $100M Token Buyback Plan Gets Mixed Reviews

Bitcoin is lethargic ahead of the new year.

By Shaurya Malwa, Bradley KeounDec 21, 2022

Markets

Crypto Markets Today: More FTX Fallout as Traders Turn Defensive

Top assets in the crypto market hold steady.

By Jocelyn YangDec 20, 2022

Videos

Bitcoin Correlations Reveal Dollar Still Rules

Bitcoin (BTC)'s reliable inverse relationship to the U.S. dollar index holding strong for the better part of 2022, but turning positive between Nov. 9 and Nov. 27, largely related to the collapse of crypto exchange FTX. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Dec 20, 2022

Markets

Rotation Within CoinDesk Market Index Sectors Bears Similarities to Tradfi Trend

As investors in crypto and traditional finance alike run for cover, one form of analysis finds that bitcoin and health care stocks fit in the same risk bucket.

By Glenn Williams Jr.Dec 20, 2022

Crypto traders are rotating their positions. (Caleb Woods/Unsplash)

Videos

Layer 2 Labs Raises $3M to Bring Drivechains to Bitcoin Network

Bitcoin development firm Layer 2 Labs has raised a $3 million seed round from angel investors to bring drivechains and other innovative technologies to Bitcoin. "The Hash" hosts discuss what this means for the Bitcoin community.

Dec 20, 2022

Tech

Machankura’s Bitcoin Wallet Targets Africans With Old-School Phones and No Internet

The service lets users in nine African countries tap into the Bitcoin Lightning network using basic feature phones. “Anyone who's interested in using bitcoin and living on bitcoin should be able to do so easily,” founder Kgothatso Ngako said.

By Frederick MunawaDec 20, 2022

(http://www.fotogestoeber.de/Getty Images)

Markets

First Mover Americas: Bankrupt BlockFi Asks US Court to Greenlight Withdrawals

The latest price moves in crypto markets in context for Dec. 20, 2022.

By Lyllah Ledesma, Omkar GodboleDec 20, 2022

BlockFi CEO Zac Prince at Consensus 2019 (CoinDesk)

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