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



Mercati

Market Wrap: Cryptos Decline as FOMC Delivers Expected Rate Hike

Expect the price of bitcoin and other riskier assets to bob and weave on the waves of macroeconomic uncertainty.

 (Unsplash)

Mercati

El Salvador Buys Back $565M Worth of Bonds, Plans to Launch New Offering in 8 Weeks

The bond repurchase is seen as an attempt by El Salvador to dispel rumors of a potential default on its debt.

El lanzamiento de los bonos bitcoin de El Salvador continúa demorado. (Esaú González, Unsplash)

Video

Bitcoin Bounces Back After Fed’s 75-Basis-Point Rate Hike

Bitcoin (BTC) slipped below $19,000 briefly, but then reversed losses following the Federal Reserve’s announcement of a third consecutive rate hike of 75 basis points. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Tecnologie

Bitcoin Lightning-Enabled ‘Listen-to-Earn’ Podcast App Gets an Upgrade

The app’s new model offers a simpler, more intuitive and more transparent way for listeners to earn BTC.

(Simone Ranzuglia/EyeEm/Getty Images)

Finanza

Hodlonaut’s Tweets a ‘Reckless Campaign’ Against Craig Wright, Lawyers Say, as Satoshi Trial Reaches Conclusion

Accusing the self-proclaimed Bitcoin founder of being a mentally ill scammer shouldn’t be allowed in a democracy, Wright’s lawyers said on the final day of an Oslo trial.

(Pixabay)

Video

US Judge Ordered Tether to Produce Financial Records Showing Backing of USDT

A New York judge ordered Tether to produce financial records on the backing of USDT as part of a lawsuit that alleges Tether conspired to issue USDT to inflate the price of bitcoin (BTC). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.

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Video

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

Mercati

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)

Mercati

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)

Mercati

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)

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