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: Bitcoin, Ether Surge on Short Squeeze

The latest price moves in crypto markets in context for Oct. 26, 2022.

(twomeows/Getty Images)

Finance

Bitcoin Miner Compass to Host 27MW Worth of Mining Rigs at Solar-Powered Startup

Startup miner Aspen Creek Digital has 30MW worth of capacity at its Texas facility, making Compass one of its largest customers.

Aspen Creek is just one bitcoin mining facility that tapped Texas' cheap, but atypical, electricity grid. (Aspen Creek)

Policy

What the Mention of Crypto in Australia's Budget Means

“This may be the first time cryptocurrency has been mentioned in the federal budget papers," said Michael Bacina, a partner at law firm Piper Alderman.

Parliament house, Canberra, Australia. (Unsplash)

Markets

First Mover Asia: China’s Bitcoin-Funded Intelligence Operation in US Likely About Chips; Bitcoin Soars Past $20K

The U.S. Department of Justice is alleging that two Chinese intelligence officers tried to bribe an undercover FBI agent with bitcoin for information about the U.S. government’s investigations into technology giant Huawei.

(Shutterstock)

Markets

Market Wrap: Bitcoin Marches Past $20K as Investors Regain Their Appetite for Riskier Assets

BTC, ether and other major cryptos surge with stocks following upbeat earnings from a number of big brands.

Institutional investor appetite may be on the rise. (James Barker/Unsplash)

Videos

Bitcoin Returns Above $20K

Gerber Kawasaki's Director of Get Invested Brett Sifling discusses his analysis and outlook for bitcoin (BTC) as the cryptocurrency surges past the psychologically important $20,000 threshold for the first time in 18 days.

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Videos

Bitcoin Volume vs. Altcoins Climbing Past 50% for First Time Since 2020

The share of bitcoin volume versus volume for altcoin markets aggregated across 14 centralized exchanges climbed past 50% for the first time since 2020, which could indicate bearish sentiment for the crypto markets. By contrast, the S&P 500's weekly chart has flipped bullish in a positive sign for risky assets including bitcoin.

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Finance

Bitcoin Miner CleanSpark Hikes 2022 Hashrate Guidance by 10%

The company now sees year-end computing power at 5.5 exahash per second, up 10% from the previous outlook.

CleanSpark's immersion-cooled bitcoin miners at a site in Norcross, Georgia. (Eliza Gkritsi/CoinDesk)

Markets

Asset Managers Add to Bitcoin Long Positions Ahead of Price Increase: Crypto Markets Analysis

Institutional Investors have been increasing their holdings in bitcoin, although the moves are unlikely to foreshadow a long-term price increase.

(Shutterstock)

Markets

Bitcoin Tops $20K, Ether Surges to Its Highest Point Since the Merge

Other major altcoins were also in the green as investors regained their appetite for riskier assets following encouraging third-quarter earnings reports.

(Jungwoo Hong/Unsplash)

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