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 Services Firm NYDIG Lays Off About 33% of Staff

Bitcoin services company NYDIG has laid off around 100 people, according to four people familiar with the matter. "The Hash" panel discusses the latest in a string of industry-wide layoffs and what this suggests about the state of the crypto markets.

Recent Videos

Opinion

Why Did Crypto Surge After Bad Inflation News?

Thursday’s ludicrous price action across asset markets shows just how weird things can get when the Federal Reserve is driving the bus.

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Tech

Bitcoin Gaming and Payments Company ZEBEDEE Launches New Open Source Bitcoin Initiative

The initiative has already cranked out four Lightning-related projects on GitHub.

André Neves, co-founder of Vinteum and ZEBEDEE, presents at TABConf 2022 in Atlanta, Georgia. (George Kaloudis/CoinDesk)

Markets

First Mover Americas: Bitcoin Rebounds to $19.6K, Ether Up 6%

The latest price moves in crypto markets in context for Oct. 14, 2022.

Bitcoin rallied to $19,600 a day after U.S. inflation data was released. (Getty Images)

Markets

Bitcoin Unlikely to See Notable Recovery After Thursday's Short Squeeze: Traders

Treasury yields remain elevated after the U.S. CPI, offering a reality check to risky assets, including cryptocurrencies.

Crypto trading platform Talos announced three new hires to senior roles. (Nicholas Cappello/Unsplash)

Markets

First Mover Asia: Crypto Trading Firm Amber CEO Argues Bitcoin Can Still Be an Inflation Hedge; Cryptos' Surprising Rebound

Michael Wu says bitcoin offers “a better form” of storing value than any previous type of asset and ether provides great value as a “tech infrastructure investment.”

Pieces of amber (Pixabay)

Finance

Popular Bitcoin Astrologer’s Star Falls on Twitter Following $30K in Celsius Payments

Twitter critics accused Maren Altman, who has more than 1.8 million social media followers, of not being forthcoming about her deal with the now-bankrupt crypto lender. The influencer says her marketing sponsorship role is no different than doing fashion ads.

Crypto influencer Maren Altman (Maren Altman)

Markets

Market Wrap: Prices Plunge Following Hot Inflation Report, Then Reverse Course Completely

The Consumer Price Index inflation data arrived higher than expected, and markets responded in roller-coaster fashion before settling down.

BTC reverses course after an early decline. (Michele Tantussi/Getty Images)

Finance

Jamie Dimon Again Slams Crypto, Calls Blockchain 'Real'

The head of the largest U.S. bank by assets spoke during an IIF event Thursday in Washington, D.C.

JPMorgan CEO Jamie Dimon (CoinDesk)

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