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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
Few Signs of Upward Momentum as Bitcoin Holds $20K
Analysts say wider economic improvements are needed for sustained growth.
First Mover Americas: Bitcoin Holds $21K as BTC Outflows Hit Record High
The latest moves in crypto markets in context for June 27, 2022.
First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading, Solana Web3 Phone Faces Long Odds
Ether stays over $1,200; prior blockchain phones have failed because the market has realized their functionalities are already available on apps that can be loaded on any phone.
Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto
Second article in a series about risks we’re thinking about during these crypto down days.
Bitcoin Protocol vs. Platform Risk
CoinDesk’s Christie Harkin explains what makes protocol failures in DeFi projects different from bitcoin (BTC)’s latest downturn.
Market Wrap: From GBTC Discount to Short Bitcoin ETF, Traders See Reasons for Optimism
It's hard to imagine that data showing traders piling into a trade designed to profit from further bitcoin price declines might be bullish, but that's how some analysts are interpreting the signal.
Investors Pile Into Short Bitcoin ETF Betting on Prices to Fall
The ProShares Short Bitcoin Strategy ETF, a recently launched short bitcoin ETF designed to profit investors who bet on BTC price falling, is now the second-largest bitcoin-focused ETF in the U.S. market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Hovers Near $21K as Investors Look to Avoid Another Weekend Slump
Bitcoin (BTC) held steady near $21,000 in Friday afternoon trading. “All About Bitcoin’s” Week in Review panel weighs in on the biggest crypto news of the week that potentially drove BTC to this point, including the Fed’s plans to fight inflation.
Bitcoin’s Outlook for Next Week
“All About Bitcoin’s” Week in Review panel weighs in on bitcoin’s week ahead and discuss what to expect from CoinDesk’s “Future of Work” theme week.