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

Market Wrap: US Inflation Data Roils Markets, Bitcoin and Ether Fall

Investors expecting a more significant improvement in inflation data were disappointed and showed it by selling.

Inflation data disappoints investors, roiling the crypto markets. (Pedro Vilela/Getty Images)

Finance

Wall Street Titans' New Crypto Exchange Aims to Seriously Cut Costs for Investors

EDX Markets, backed by major trading and investment firms like Schwab and Citadel Securities, will initially offer only a handful of cryptocurrencies such as bitcoin.

Bitcoin superó máximos de un mes, pero analistas advierten sobre la volatilidad. (Spencer Platt/Getty Images)

Markets

Path Forward for Crypto Gets Tougher After US CPI Report Comes in Hot

It's becoming a game of Whac-A-Mole for the Federal Reserve to keep consumer prices from shooting up. That might mean an aggressive-for-longer stance on monetary policy, ostensibly a negative driver of prices for risky assets from stocks to cryptocurrencies.

Prices for cereals and bakery products shot up 1.2% in August from July. (Creative Commons, modified by CoinDesk)

Markets

Canadian Prime Minister Justin Trudeau Attacks Opposition for Recommending Bitcoin as Inflation Hedge

Earlier this year, Pierre Poilievre, the new leader of the opposition Conservative Party, said he supports bitcoin as an inflation-beating asset.

Canadian regulators are working with their U.S. counterparts in investigating crypto lender Celsius Network. (Chris Robert/Unsplash)

Markets

First Mover Americas: Bitcoin Tumbles Below $22K on Higher-Than-Expected US Inflation

The latest price moves in crypto markets in context for Sept. 13, 2022.

(Luismi Sánchez/Unsplash)

Opinyon

Bitcoin Should Change ... Slowly

Reconsidering the first cryptocurrency's slow-and-steady approach to development, as Ethereum's "Merge" nears.

(Nick Abrams/unsplash)

Finance

Crypto Stocks Tumble After Bitcoin Falls on Higher-Than-Estimated Inflation

Digital asset miners were among the worst performers on Tuesday.

Bear (mana5280/Unsplash)

Markets

US CPI Report Shows Inflation Hotter Than Expected, Bitcoin Plunges 9.6%

Core inflation, which is more closely watched by traders, rose 0.6 percent in August, a larger increase than in July.

(Getty Images)

Markets

Bitcoin Hits 3-Week High on Dollar Weakness, But TradFi Firms Retain Bullish Bias on Greenback

Investment banks like UBS and ING expect the dollar to remain supported over the near term.

The dollar may soon rebound, capping gains in bitcoin. (pasja1000/Pixabay)

Markets

First Mover Asia: Bitcoin Has Not Bottomed Out, Data Suggests; Ether and Other Altcoins Fall in Monday Trading

A recent report from South Korea-based CryptoQuant outlines a number of price valuation metrics that show bitcoin sinking to as low as $14,500 to $10,000.

Bitcoin's price may not have bottomed out. (Sebastian Condrea/Getty Images)

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