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: Bankman-Fried Arrested in Bahamas

The latest price moves in crypto markets in context for Dec. 13, 2022.

FTX founder Sam Bankman-Fried was arrested in the Bahamas. (CoinDesk archives)

Markets

Bitcoin Hits One-Month High Ahead of US Inflation Data

Bitcoin's dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market.

(CoinDesk, Highcharts.com)

Markets

Goldman Sachs Sees Gold Outperforming Bitcoin in the Longer Term

Bitcoin adoption will need to be driven by the development of real uses rather than speculative interest, the report said.

CDCROP: Gold bars stacked close up (Unsplash)

Markets

Cumberland Favors Bitcoin Option Trades to Profit From US CPI

Sell bitcoin June expiry calls and hedge the same with short-dated December expiry options, Cumberland said.

Cumberland favors bitcoin options strategy to profit from post-CPI price action. (Krzysztof Hepner/Unsplash)

Markets

First Mover Asia: QCP Capital Founder Sees Crypto Industry’s Immediate Future Tied to Genesis Debacle, Expects Rebound in 2024

During a panel discussion at Taipei Blockchain Week, Darius Sit noted continued institutional adoption of the crypto options and derivatives market, among industry high points; bitcoin rises; Bahamas announces the arrest of former FTX CEO Sam Bankman-Fried

QCP Capital co-founder Darius Sit speaking at Korea Blockchain Week. (Shaurya Malwa/CoinDesk)

Markets

Crypto Markets Today: Binance a Target of Federal Probe

The Block confirmed Friday it had received funding from Sam Bankman-Fried’s trading arm for two years.

Logo 3D de Binance impreso en dorado. (Rob Mitchell/CoinDesk)

Markets

Atypically Bearish Early December Bodes Poorly for Bitcoin Investors

Bitcoin investors have historically seen gains in December before prices fall in January, but this month so far has been a downer.

(Getty Images)

Markets

First Mover Americas: Cathie Wood’s Ark Buys More COIN; Do Kwon is in Serbia

The latest price moves in crypto markets in context for Dec. 12, 2022.

Terraform Labs founder Do Kwon (Terra, modified by CoinDesk)

Markets

First Mover Asia: Uniswap ‘Fee Switch’ Proposal for Popular Ether Pools Stirs Up Community Debate

Some see the proposed pilot project as an “important step,” while others say it may lead to reduced trading activity; bitcoin holds steady over $17K as latest inflation data and FOMC meeting approach.

Uniswap unicorn balloon (Getty Images)

Finance

Goldman Sachs Is Trying to Make Blockchain Bonds Happen

But it probably won't – for blockchain bonds, tomatoes or whatever.

(Denis Novakov/Getty Images)

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