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

Exchange Giant CME’s Bitcoin Futures Just Hit a Huge Discount to Spot Prices

On Monday, the rolling one-month discount for CME's bitcoin futures hit a 3.36% discount, surpassing the previous low set a year ago.

(Skew, Arcane Research)

Markets

First Mover Americas: Crypto Market Cap Falls Below $1 Trillion as Momentum Fades

The latest price moves in crypto markets in context for Aug. 23, 2022.

Bitcoin’s 200-week moving average multiple is falling. (Peter Dazeley/Getty Images)

Opinion

The More Energy Bitcoin Uses, the Better

The distributed network can help incentivize development in the energy sector leading to a more abundant future, Swan Bitcoin's Steven Lubka writes.

(Thomas Kelley/Unsplash)

Markets

Crypto Markets Stabilize After Steep Weekly Declines, Traders Show Near-Term Bearish Bias

Bitcoin could slide to “summer lows near $18,700,” one trader said.

Bear (mana5280/Unsplash)

Markets

Bitcoin's Weekly Chart Shows Bear Market Likely to Worsen, or Does It?

The upcoming weekly chart bearish crossover has a perfect record of trapping sellers on the wrong side of the market.

A historically contrary indicator is about to flip bearish. (Behnam Norouzi/Unsplash)

Markets

First Mover Asia: Crypto Sell-Off Due to Fed Hawkishness, Possible Jump Dump of ETH, Says QCP Capital; Cryptos Decline Slightly in Monday Trading

Crypto asset trading firm QCP Capital will be eyeing remarks later this week by U.S. central bank Chair Jerome Powell for their potential effect on digital asset markets.

Hawkish remarks by a Fed official sent bitcoin falling.(Getty Images/Tim Chapman)

Markets

Market Wrap: Bitcoin Price Falls as Markets Await Fed Chair Powell’s Comments

Most risk assets are in a holding pattern ahead of the Federal Reserve Economic Symposium, where Jerome Powell will speak later this week.

CoinDesk placeholder image

Videos

Crypto Volatility Returns; Big Names Investing in Blockchain

Bitcoin and ether hit by inflation concerns. Number of USDC exchange deposits hits 16-month low. Top names invest $6 billion in blockchain despite market wobbles. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

CoinDesk placeholder image

Markets

First Mover Americas: Macro Retakes Front Seat, Pushing Bitcoin Down Below $21K

The latest price moves in crypto markets in context for Aug. 22, 2022.

Bitcoin takes a backseat to macroeconomics. (Bettmann/Getty Images)

Markets

Bitcoin's 10% Weekly Drop Puts Bears in Control Ahead of Jackson Hole Symposium

Powell will skew on the hawkish side at Jackson Hole, analysts said.

Chicago Federal Reserve Bank building (Joshua Woroniecki/Unsplash)

Pageof 834