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

Federal Reserve Hikes Rates as Expected, Will Watch 'Lags' in Monetary Policy; Bitcoin Rises

The U.S. central bank raised the main interest rate by 0.75 percentage point, as expected. Officials say they'll monitor "lags" in the impact of "cumulative" efforts so far, possibly a tip that a dovish shift is being considered.

The Federal Reserve building in Washington, D.C.. (Helene Braun/CoinDesk)

Markets

Bitcoin and Ether Steady Ahead of Fed Decision

Bitcoin's price was trading around $20,400, little changed from the past 24 hours as investors awaited the Federal Reserve’s interest rate decision at 2 p.m. ET.

Bitcoin and ether traded slightly higher following Fed Chairman Jerome Powell’s latest comments on inflation and the economy. (Jesse Hamilton/CoinDesk)

Videos

Bitcoin Trading Flat Above $20K Ahead of Fed’s Interest Rate Decision

Bitcoin (BTC) is holding its ground above the $20,000 threshold as investors await another key interest rate decision from the U.S. Federal Reserve. WazirX co-founder Nischal Shetty discusses his outlook on the markets and the state of crypto in India. Plus, details on his blockchain startup Shardeum raising $18 million in seed funding.

Recent Videos

Markets

First Mover Americas: Bitcoin, Ether Slip Ahead of Fed

The latest price moves in crypto markets in context for Nov. 2, 2022.

(Paul Brady/Shutterstock)

Markets

Ether and Bitcoin 'Straddles' Can Help Capture Post-Fed Price Swings

Straddle, an options strategy that involves buying both bullish calls and bearish puts, looks cheap, one observer said.

(geralt/Pixabay)

Tech

Rogue Actor Disrupts Lightning Network With a Single Transaction

The individual exploited a Bitcoin block parsing bug that had a downstream effect on certain Lightning nodes.

Man staring out window at lightning storm (Grant Faint/Getty Images)

Markets

First Mover Asia: Ripple's APAC Policy Chief Sees Hopeful Shift in Hong Kong Crypto Statement; Dogecoin Soars Again

But Rahul Advani told CoinDesk the industry needs more details about the city’s plans.

Hong Kong skyline (bady abbas/unsplash)

Markets

Market Wrap: Uniswap, Federal Reserve in Focus as Dogecoin Rests

The largest cryptocurrency’s push past $20K this week has turned the market more bullish. The outlook hinges on the Federal Reserve’s messaging next week – about its plans for December.

(Unsplash, modificado por CoinDesk)

Finance

MicroStrategy Reported Impairment Charge of $727K on Bitcoin Holdings in Q3

The business software firm owns about 130,000 bitcoins worth approximately $2.7 billion on its balance sheet.

MicroStrategy Executive Director Michael Saylor speaks at the Bitcoin 2021 Convention (Joe Raedle/Getty Images)

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