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 Asia: Why Bridges Are So Vulnerable to Exploit; Bitcoin Falls Under $19K

One crypto developer says that centralization and reliance on private key holders are to blame, not the inherent technology and logic behind the bridges themselves.

Bridge have recently been vulnerable to exploits. (Unsplash, modified by CoinDesk)

Markets

Investors’ Time Horizons Will Determine Their Bitcoin Positions

The most recent Commitment of Traders report, released each Tuesday by the Commodity Futures Trading Commission, shows that reportable positions for asset managers are now 80% long and 20% short bitcoin futures.

(Sikranta H. U./Unsplash)

Finance

Tesla Made No Changes to Its Bitcoin Holdings in Third Quarter

The electric car company did not buy or sell any bitcoin in the quarter, after selling 75% of its holdings in the second quarter.

Tesla CEO Elon Musk (Christian Marquardt - Pool/Getty Images)

Markets

With Bitcoin and Stocks Flat, Rally in DeFi Tokens Gets Notice

While top crypto assets like bitcoin and ether and traditional markets stay flat on Wednesday, DeFi assets shine.

El gráfico de información de precios muestra que el token UNI del exchange Uniswap tuvo un salto en su precio el miércoles y logró superar a los principales activos cripto, como bitcoin y ether. (CoinDesk)

Videos

Bitcoin Stuck Around $19K as October Bounce Remains Elusive

Bitcoin (BTC) was supposedly due for a recovery rally in the routinely bullish month of October, but the bounce has remained elusive with the token struggling around the $19,000 level. Two Sigma Ventures Principal Andy Kangpan joins Christine Lee and special co-host Laura Shin on “First Mover” with his bitcoin outlook amid crypto winter.

Recent Videos

Markets

First Mover Americas: Bitcoin, Ether Slip as UK Inflation Hits 40-Year High

The latest price moves in crypto markets in context for Oct. 19, 2022.

(Rodrigo Santos/Unsplash)

Markets

Bitcoin Stuck in a Rut as BofA Survey Reveals 'Long Dollar' Is Most Favored Trade

Bank of America's October survey of fund managers showed "long dollar" as the most sought after bet for the fourth straight month.

La encuesta a administradores de fondos del BofA revela que el dólar largo es la operación más buscada. (Bank of America)

Finance

Effort to Reverse SEC Rejection of Bitcoin ETF Wins Broad Crypto, TradFi Support

Regulators rebuffed Grayscale's attempt to convert its bitcoin trust into an ETF. Grayscale has powerful allies as it seeks to overturn that decision.

Grayscale CEO Michael Sonnenshein (CoinDesk archives)

Markets

First Mover Asia: All Eyes on Aptos; Cryptos Trade Down Even as Stocks Rise

Aptos is launching at a time when the only concerns about the price of gas involve petroleum, not the virtual metaphor; bitcoin held comfortably above its recent $19,000 support.

(Shutterstock)

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