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 Outlook Ahead of Key Fed Decision Next Week

CoinDesk's Markets Managing Editor Brad Keoun discusses the outlook for bitcoin (BTC) ahead of the FOMC meeting scheduled next week. CoinDesk Tech Managing Editor Christie Harkin weighs in on where bitcoin is headed as the Merge hype fades away.

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Bitcoin Outperformed Ether During Merge Week

MottCapital data indicates that the S&P 500 is closely tracking the 2008 bear market slide, which means cryptocurrencies could see further drops. Plus, bitcoin (BTC) has outperformed ether (ETH) over the past week, despite the Merge. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Finance

El Salvador's Debt Rating Cut to CC by Fitch

The rating agency said the country is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption.

Nayib Bukele, president of El Salvador (Ulises Rodriguez/APHOTOGRAFIA/Getty Images).

Markets

First Mover Asia: Ether Tumbles Below $1.5K; Ethereum Merge May Ding Demand for Chips, but Semiconductor Stocks Could Still Be a Good Buy

Chip manufacturing giants Nvidia and AMD have struggled this year, and the Merge could lessen demand for chips. But analysts see opportunities for investors in the semiconductor space.

(Greyfebruary/Getty Images)

Markets

Market Wrap: Markets Trade Lower Despite Success of Ethereum Merge

Ether was down more than 9% at one point as traders decided to “sell the fact” following a nearly seamless Ethereum Merge.

The Merge was successful, but ETH fell 9%. (Deepak Maurya/Unsplash)

Videos

Bitcoin Outlook After Ethereum’s Historic Upgrade

CoinDesk Managing Editor of Technology Christie Harkin and Tech Reporter Sam Kessler discuss the road ahead for bitcoin (BTC) after Ethereum successfully shifted from proof-of-work to proof-of-stake. Plus, insights into the debate around ether (ETH) and bitcoin’s environmental impacts.

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1 Year of Bitcoin in El Salvador: The Bad, the Good and the Ugly

Despite many real stumbles and skeptical mainstream coverage of Nayib Bukele’s bitcoin initiative, both tourism numbers and remittance usage are already showing meaningful payoffs.

A demonstrator holds an effigy of President Nayib Bukele next to a sign against the approved Bitcoin Law during a protest against the government on Oct. 17, 2021, in San Salvador, El Salvador. (Emerson Flores/APHOTOGRAFIA/Getty Images)

Videos

SEC Chair Gensler on Securities Definition, Working With the CFTC

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler explains why different regulatory entities need to have an overarching definition of a security and collaboration with the CFTC if bitcoin is considered to be a commodity.

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