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

Bitcoin Outlook Ahead of Fed Rate Hike Decision

Bitcoin (BTC) and risk assets have been under pressure ahead of Wednesday's pivotal Federal Reserve meeting. Ben Emons, managing director of global macro strategy at Medley Global Advisors, discusses his market outlook and the possibility of a 100 basis-point rate hike.

Recent Videos

Markets

First Mover Americas: Bitcoin Steady at $19K as Traders Wait for Fed's Decision

The latest price moves in crypto markets in context for Sept. 21, 2022.

Suspense ahead of Fed Chair Jerome Powell's speech Friday is growing among mainstream and crypto traders. (Scott Olson/Getty Images)

Markets

Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates

The economy has remained stronger than policymakers expected in July. So hawkish risk is that Federal Reserve Chair Jerome Powell says the inflation fight is still in early stages, implying a higher terminal or peak rate.

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

Markets

Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT

The order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.

Tether Chief Technology Officer Paolo Ardoino.  (Twitter/Bitfinex, modified by CoinDesk)

Markets

First Mover Asia: Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem

Balina is charged with conducting an unregistered securities offering in 2018 for his SPRK ICO token, but proving that the Ethereum network should be subject to U.S. securities law will be difficult; cryptos largely decline.

Bitcoin fluttered around $19,000. (Getty Images)

Videos

Bitcoin Dips Below $19K Ahead of Expected Fed Rate Hike

Bitcoin (BTC) slips below $19,000 as investors await an expected Fed interest rate hike. Paul Eisma, head of trading at XBTO Group, shares his crypto outlook amid rising inflation and recession concerns across the globe. Plus, insights on the increasing institutional interest in cryptocurrency.

CoinDesk placeholder image

Videos

New Report Takes a Closer Look at Bitcoin Transaction Fees

Blockware Solutions and Riot Blockchain released a report on bitcoin (BTC) transaction fees with a focus on settlement finality. Joe Burnett, Head Analyst at Blockware Solutions who prepared the report, joins “All About Bitcoin” to discuss the key findings.

CoinDesk placeholder image

Videos

Bitcoin’s Pre-Fed Weakness Has Chart Analysts Focused on Support at $18.3K

Ahead of a pivotal Federal Reserve interest rate decision on Wednesday, bitcoin (BTC) is on the defensive and appears to be on track to test support at $18,300, which, if breached, could make the bear market worse, according to Katie Stockton, founder and managing partner at Fairlead Strategies.

CoinDesk placeholder image

Markets

Market Wrap: Markets Wait for Fed to Officially Announce What It Has Signaled for Weeks

Absent a huge surprise, markets are expecting interest rates to increase by 75 basis points.

Markets are waiting for the Fed's interest rate decision Wednesday. (Hennie Stander/Unsplash)

Videos

MicroStrategy Doubles Down on Bitcoin With Purchase of Additional 301 BTC

MicroStrategy (MSTR) bought 301 bitcoins (BTC) between Aug. 2 and Sept. 19 for about $6 million, according to a filing with the U.S. Securities and Exchange Commission. The recent purchases increased the company’s total bitcoin holdings to almost 130,000. “The Hash” panel breaks down the investment.

CoinDesk placeholder image

Pageof 834