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

Ethereum Merge Vaults Cryptocurrency Past Bitcoin in Hard-Money Allure

Ether’s drastic reduction in the net inflation rate is attributed to the elimination of mining rewards and the “burning” of transaction fees, experts said.

By Jocelyn YangSep 28, 2022

Besides reducing energy consumption, ether is also proving to be more inflation resistant. (Timon Studler/Unsplash)

Markets

First Mover Asia: Bitcoin Tumbles After Crossing $20K in Topsy-Turvy Trading; How Chinese Universities Teach Blockchain

The largest crypto by market capitalization had spiked over $20,000 in morning trading.

By James Rubin, Xinyi LuoSep 28, 2022

Bitcoin jumped early Tuesday before falling into the red. (Shutterstock)

Markets

Market Wrap: Bitcoin Takes Investors on a Wild Ride

Prices shoot higher intraday on high volume, only to reverse course later in the day.

By Glenn Williams Jr., Jocelyn YangSep 27, 2022

Bitcoin jumps early before going lower. (Jordan Heinrichs/Unsplash)

Videos

Bitcoin Rises and Falls 7% in 24 Hours

Bitcoin on a rocky rollercoaster ride Tuesday, rising and falling about 7% over the past 24 hours. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Sep 27, 2022

Markets

‘There Are No Safe Havens' When the Dollar Is Strong, Veteran Trader Says

The U.S. dollar is soaking up global liquidity, so “everything else is starved,” Glen Goodman, eToro crypto consultant, said on CoinDesk TV’s “First Mover.”

By Fran VelasquezSep 27, 2022

The U.S. dollar is soaking up global liquidity, so “everything else is starved,” said Glen Goodman, a longtime trader, on CoinDesk TV’s “First Mover.” (CoinDesk TV)

Videos

What a Strong Dollar Means for Crypto Market

Bitcoin (BTC) and other major cryptocurrencies are spiking higher Tuesday after the recent crash of fiat currencies worldwide against the U.S. dollar. eToro Crypto Consultant Glen Goodman discusses the impact of the dollar's strength on the crypto markets.

Sep 27, 2022

Finance

Jack Mallers’ Crypto Payment Firm Strike Raises $80M

Washington University in St. Louis and the University of Wyoming were among the investors in the Series B funding round.

By Oliver KnightSep 27, 2022

Strike CEO Jack Mallers speaks at the Bitcoin 2022 conference in Miami. (Danny Nelson/CoinDesk)

Markets

First Mover Americas: Bitcoin Regains $20K, Bucking the Swoon in Stocks

The latest price moves in crypto markets in context for Sept. 27, 2022.

By Lyllah Ledesma, Omkar GodboleSep 27, 2022

Policy

S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra's Do Kwon

Interpol has issued a Red Notice for Kwon's provisional arrest pending extradition, as a worldwide search for the Terraform Labs co-founder continues.

By Sandali Handagama, Shaurya MalwaSep 27, 2022

Do Kwon, cofundador de Terraform Labs. (Terra)

Markets

Bitcoin Tops $20K as Stock Futures Rise, Dollar Rally Stalls

The top cryptocurrency by market value rose over 5% to $20,350, according to CoinDesk data. Ether, the second-largest cryptocurrency, rose 4% to $1,390.

By Omkar GodboleSep 27, 2022

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