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 Above $22K Ahead of Ethereum Merge; Will the ‘Flippening’ Eventually Happen?

ConsenSys Head Economist Lex Sokolin joins “First Mover” to discuss impacts of the Ethereum Merge on ether (ETH) price, and the significance of reducing energy consumption for future Web3 developments. Plus, his thoughts on whether ether will eventually flip bitcoin (BTC).

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Markets

US Inflation Data Could Test Bitcoin’s Rally

The price of BTC gained 15% over the weekend as traders wait for positive U.S. inflation data.

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Markets

First Mover Americas: Countdown's On for Ethereum Merge, but Price Is Slipping Versus Bitcoin

The latest price moves in crypto markets in context for Sept. 12, 2022.

ETH's rally once again foreshadowed a market-wide dip on Monday (Kelly Sikkema/Unsplash)

Markets

Ether Lags Bitcoin as Ethereum Merge Nears; Here's Why

With the ETH/BTC ratio trading at previous highs, some have started to unwind their long ETH/short BTC trade, one researcher said.

Bitcoin and ether's gains this year are now roughly neck and neck. (Ralfs Blumbergs/Unsplash)

Markets

Analysts Warn of Headwinds as Cryptos Gain Ahead of CPI Data, Luna Classic Pares Rally

U.S. inflation data for August will be released Tuesday, and some economists expect it to show that price growth slowed for a second straight month.

Las principales criptomonedas aumentaron durante el fin de semana y los mercados de valores europeos y asiáticos subieron el lunes. (Lorenzo Cafaro/Pixabay, modified by CoinDesk)

Policy

The Conservative Party of Canada Elects Pro-Bitcoin Leader Pierre Poilievre as Party Head

Pierre Poilievre won the leadership race by a landslide and plans to make Canada the “blockchain capital of the world.”

Canada's Parliament (Flickr/Reading Tom)

Markets

First Mover Asia: Bitcoin Holds Steady Above $21K; DeFi Platform Forward’s $5M Funding Round Highlights Crypto’s Growth in Thailand, but Regulation Lags

Two of Thailand’s largest banks participated in the round, but the country also faces a major obstacle keeping its best tech talent.

Bangkok (Getty Images)

Markets

After Big Rally Past $21K, Bitcoin’s Price Momentum May Not Last

Bitcoin’s price gain was the biggest in six months, leading a broad-market rally in cryptocurrencies that pushed the industry’s market capitalization back over $1 trillion.

Bitcoin analysts are wondering how high the market can go. (Creative Commons, modified by CoinDesk)

Finance

MicroStrategy Files to Sell Up to $500M of Stock to Fund Bitcoin Purchases

The deal is a sign Executive Chairman Michael Saylor isn't backing off his audacious plan to turn his software developer into a bitcoin proxy.

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

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