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

Crypto’s S&P 500: CoinDesk Unveils Broad-Market, Digital-Asset Index

The CoinDesk Market Index is first in a family of nine new price indexes built around the media company's Digital Asset Classification Standard for categorizing bitcoin, ether and other digital assets.

CoinDesk's new cryptocurrency price index will show which way the market has been going. (Art Institute of Chicago, modified by CoinDesk)

Markets

Bitcoin Jumps Most in 6 Months as Hopes for 2023 Rate Cut Persist

ING expects a rate cut in June 2023 followed by further easing in the second half of the year.

Bitcoin se dispara 7% a medida que las expectativas de inflación disminuyen. (CoinDesk, Highcharts.com)

Markets

First Mover Asia: Crypto Legislation, Enforcement Highlight a Busy Fall for Financial Regulators; Bitcoin Holds Steady Over $19K

South Korea, Thailand and Singapore will be addressing legal action, legislation and other issues in the coming months.

Singapore Skyline (Swapnil Bapat/Unsplash)

Markets

Market Wrap: Bitcoin Up Slightly Despite Fed Chairman's Hawkish Comments

BTC remains resilient despite the challenging macroeconomic conditions.

Bitcoin and ether traded slightly higher following Fed Chairman Jerome Powell’s latest comments on inflation and the economy. (Jesse Hamilton/CoinDesk)

Opinion

It’s Time to End Maximalism in Crypto

The stakes are too high to turn on each other now.

Is the crypto industry's growth being stifled by the ecosystem's maximalist? (Marco Bianchetti/Unsplash)

Layer 2

Air Gap? Hardware Wallet? Multisig? Bitcoin Self-Storage Means Hard Choices

Wallet manufacturers debated the best ways to store bitcoin private keys safely at the BalticHoneybadger conference in Riga.

To achieve financial autonomy, you need to be in full control of your cryptographic private keys. (Metropolitan Museum of Art, modified by CoinDesk)

Markets

Federal Reserve to Act 'Forthrightly, Strongly' Until Inflation 'Job Is Done,' Powell Says

The U.S. central bank is expected to raise its benchmark interest rate by another 75 basis points this month.

Federal Reserve Chair Jerome Powell during his speech September 8, 2022 (Cato Institute)

Markets

First Mover Americas: Bitcoin Back Over $19K as ECB Goes for Record Interest-Rate Hike

The latest price moves in crypto markets in context for Sept. 8, 2022.

European Central Bank officials laid out objectives for its retail digital euro as its two-year CBDC experiment continues. (Raimund Linke/ Getty)

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