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: 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)

Markets

Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps

Federal Reserve Chair Jerome Powell said that "it makes sense to moderate the pace of our rate hikes" as soon as December.

Federal Reserve Chair Jerome Powell (Helene Braun/CoinDesk)

Videos

Bitcoin Is on 'Road to Irrelevance’: European Central Bank Staffers

Ulrich Bindseil, director general market infrastructure and payments at the European Central Bank (ECB), along with Adviser Jürgen Schaff, called the current price action in the crypto markets "an artificially induced last gasp before the road to irrelevance," among other jabs at the industry. "The Hash" team discusses what this means for crypto in Europe and beyond.

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Videos

Bitcoin Likely Bottoming at $12K Amid Continued Contagion Risks

DFD Partners President Bilal Little shares his outlook for a bitcoin (BTC) bottom before a rally up toward $22,000.

Recent Videos

Videos

Bitcoin Nearing $17K Despite BlockFi Bankruptcy Filing

DFD Partners President Bilal Little discusses his outlook for bitcoin (BTC) as the cryptocurrency rises toward $17,000 despite ongoing concerns about FTX fallout and macroeconomic uncertainties.

Recent Videos

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