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



Videos

Strike CEO on Recent Bitcoin Turbulence

Jack Mallers, CEO and founder of Chicago-based bitcoin payment provider Strike, discusses why the current market environment is not hurting bitcoin’s (BTC) opportunity as a store of value, saying it “doesn’t matter.”

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Videos

Jack Mallers on El Salvador’s Bitcoin Experiment

September marks the one-year anniversary of El Salvador adopting bitcoin (BTC) as legal tender. Jack Mallers, the Chicago-based company executive known for helping El Salvador adopt bitcoin, reflects on the milestone.

Recent Videos

Markets

First Mover Americas: Bitcoin Pushes for $20K Again as Investors Return to Risky Assets

The latest price moves in crypto markets in context for Sept. 29, 2022.

(Midjourney/CoinDesk)

Markets

Worried About a Financial Crisis? Enter – Self Custody.

Placing bitcoin in cold storage won't prevent losses, but it can eliminate counterparty risk.

(Yana Iskayeva/Getty Images)

Markets

Surging Bitcoin-Sterling Trading Volume Points to Hedging Demand for Crypto, or Does It?

There's a debate whether rising BTC/GBP trading volume represents hedging demand for the cryptocurrency or speculative interest.

Bitcoin-sterling trading volumes are surging as the British pound slides. (Robfoto/Pixabay)

Markets

First Mover Asia: Bitcoin Holds Strong Over $19K; Why Is the Dollar Dominating?

The largest cryptocurrency by market capitalization has weathered severe macroeconomic uncertainty in recent weeks to maintain its current threshold,

Bitcoin and other cryptos have proven resilient in recent weeks. (Getty Images)

Markets

Is Bitcoin an Inflation Hedge? Investors Are Still Unsure

BTC has risen about 6% over the past week amid growing macroeconomic uncertainty.

Bitcoin's price chart shows a slight rebound on Wednesday. (CoinDesk)

Markets

Market Wrap: Bitcoin Reverses Course Again, Trades Toward 20-Day Moving Average

Digital asset markets are navigating a challenging environment of high inflation, inverse correlations to the U.S. dollar, increasing interest rates and higher consumer debt.

The 10 spot bitcoin ETFs on Monday experienced their first net inflows in a week (Jim Wilson/Unsplash)

Finance

Kraken's Incoming CEO on Jesse Powell's Departure, IPO Plans and Crypto Winter

Dave Ripley joined CoinDesk TV’s “The Hash” to discuss the future of the crypto exchange amid a leadership change.

Dave Ripley joined CoinDesk TV’s “The Hash” to discuss the future of the crypto exchange, possible talks of an IPO and whether he’s a bitcoin maximalist. (CoinDesk TV)

Markets

The Fed May Not Be Able to Pivot Even If It so Desires

The Bank of England relieved teetering U.K. markets on Wednesday, announcing a bond purchase program.

Jerome Powell spoke recently at a panel of central bankers in France. (Drew Angerer/Getty Images)

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