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

Hard Times in Crypto: the Unintended Consequences of Going Public

The third and final reflection on a series of risks we’re thinking about during these crypto down days.

(Aditya Vyas/Unsplash)

Markets

What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years

Poor macroeconomic sentiment, fears of inflation and systemic risks from the crypto market pushed the cryptocurrency below 2017’s highs.

The bear market in crypto continued, but better times don't seem so long ago.(Johnny Johnson/Getty Images)

Markets

Market Wrap: Bitcoin Suffers Its Worst Month Since 2011

The largest cryptocurrency by market cap dropped over 37% in June.

June was a month the crypto industry would rather forget. (Adam Gault/Getty Images)

Markets

Grayscale 'GBTC Discount' Widens After SEC Bitcoin ETF Rejection

The discount between the share price of the Grayscale Bitcoin Trust and the equivalent value of its underlying bitcoin has increased to 31% from 28.4%.

Grayscale CEO Michael Sonnenshein (CoinDesk archives)

Layer 2

So You Want to Be a Bitcoin Developer?

Brink co-founder Mike Schmidt and Bitcoin Core developer Larry Ruane discuss the ins and outs of funding Bitcoin research and development. This post is part of CoinDesk's Future of Work Week.

(Getty Images/Tom Werner)

Markets

Brutal Month for Bitcoin as June Ends With Biggest Drop in 11 Years

Crypto markets saw heavy losses with investors increasingly worried about high inflation and Federal Reserve rate increases. Some analysts say the bitcoin price could go even lower.

El desempeño de bitcoin en junio comparado con otros activos globales. (CoinDesk)

Finance

Celsius Shareholder BnkToTheFuture Proposes Bitcoin Investments, Restructuring in Rescue Bid

The community investing platform put forth three proposals on Thursday night in a bid to save Celsius Network from going under.

(YinYang/Getty Images)

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