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



Finance

Inflation Hedge or Not, Bitcoin's True Value Is Separation of Money and State

Inflationary forces are still out there and investors are thinking about how best to protect themselves. Is bitcoin a way to do that?

CDCROP: Bitcoin Benjamin Franklin blowing bubblegum (Getty Images)

Markets

Market Wrap: Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy

The first cryptocurrency dipped 4.3% to around $20,549, its lowest point since July 16, after the head of the U.S. central bank said the Fed would maintain its restrictive monetary course.

U.S. Fed Chair Jerome Powell doubled down on interest rate hikes, affirming hawkish monetary policy to fight inflation. (Bruce Bennett/Getty Images)

Markets

Bitcoin Tumbles Below $21K After Powell’s Hawkish Remarks

The Federal Reserve chair said households and businesses should prepare for pain as the central bank works to bring down inflation.

El precio de bitcoin podría continuar cayendo tras el discurso del presidente de la Fed. (Source: TradingView)

Opinion

In Defense of Crypto Speculation

Crypto needs speculation. The higher it is, the greater the potential for disruption.

(Rachel Sun/CoinDesk)

Finance

Thai Energy Billionaire Turns to Crypto to Boost Growth: Report

While crypto market cap has tumbled from November's high, the market is “still sound” and has “high potential” for growth, Gulf Energy CEO Sarath Ratanavadi said.

Thailand’s second-richest person plans to double down on crypto-related investments in the coming months. (Mathew Schwartz/Unsplash)

Markets

First Mover Asia: A Bear Market Survival Strategy for Crypto Miners; Bitcoin, Ether Price Remains in Holding Pattern

Some miners are earning more by selling power capacity back to the grid than through mining bitcoin; crypto markets await Fed Chair Jerome Powell's Friday speech.

An Antminer bitcoin mining machine. (Carlos Becerra/Bloomberg via Getty Images)

Videos

Hodlonaut: 'Very Confident' Ahead of Case Against Craig Wright

Hodlonaut, a prominent member of the Bitcoin community, will appear in a Norwegian court on Sept. 12 for a defamation case that began in March 2019 involving nChain Chief Scientist Craig Wright. Hodlonaut discusses what to expect, saying he's "very confident" about appearing in court and happy to start the process.

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