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

First Mover Asia: It Won't Be Easy for Creditors to Untangle Three Arrows Case, Singapore Lawyer Says

The fallout continues from the crypto industry's slump, with fresh filings from Celsius, layoffs at OpenSea and a short squeeze in Voyager's tokens. PLUS: We talked to a Singapore-based lawyer about the Gordian knot that is the Three Arrows bankruptcy case.

It might be a delicate business untangling the Three Arrows case. (Pixabay)

Markets

Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike

U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.

(CoinDesk and Highcharts.com)

Markets

Crypto Traders Say Inflation Already Priced Into Bitcoin

“It’s the same old devastating and boring accumulation phase,” one observer said.

Inflation is surging, but bitcoin has been resilient. (AnnaTamila/Getty images)

Videos

Celsius Files for Bankruptcy; Crypto Unfazed by US inflation

Celsius files for bankruptcy after paying off hundreds of millions of dollars of loans. Bitcoin bounces back after U.S. CPI hits 41-year high. MATIC skyrockets as Polygon joins Disney accelerator. Bitcoin hashrate slumps to lowest in over five months amid over 100 degree weather in Texas. Questions over Circle’s USDC reserves linger despite reassurances. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos

Markets

First Mover Americas: BTC Shows Resilience Despite Widespread Risk Aversion, Celsius' Bankruptcy Filing

The latest price moves in crypto markets in context for July 14, 2022.

(Pixabay / waldryano)

Markets

DEX Contango Pushes Retro Alternative to Perps With 'Expirable Futures'

The decentralized exchange said it will launch a beta version later in the summer after undergoing security audits.

Expiring futures contracts, a legacy of physical commodity pits, are coming to a decentralized crypto exchange. (Jeremy Kemp via Wikipedia, modified by CoinDesk)

Markets

6 Ways Advisors Can Help Crypto Investors Avoid Large Losses

It’s not enough to manage volatility and market risk on behalf of clients.

(Yana Iskayeva/Getty Images)

Markets

The $863B Crypto Market May Be Close to Bottom, Mayer Multiple Suggests

The market likely bottomed out in June with the Mayer Multiple dipping below 0.5.

El mercado bajista cripto podría estar llegando a su fin. (Source: fda54/Pixabay)

Markets

First Mover Asia: M&A Bankers See Crisis as Opportunity, With Celsius and Inflation in Focus

One analyst says "meh" as bitcoin climbs back above $20K as reports surfaced that troubled crypto lender Celsius might be teeing up a bankruptcy filing. Mergers & acquisitions bankers are seeing a slew of deals stemming from the current market crisis.

Bitcoin climbing over $20K doesn't generate the enthusiasm it once did. (Creative Commons)

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