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 Americas: Bitcoin Gains Stall at $22K as Markets Await Powell at Jackson Hole

The latest price moves in crypto markets in context for Aug. 25, 2022.

Fed Chairman Jerome Powell will speak Friday at the Fed's annual meeting here. (Robert Alexander/Getty Images)

Finance

Texas Bitcoin Mine Whinstone Countersues Japan's GMO Internet, Seeks $15M Damages in Four-Year Dispute

The dispute dates back to 2018, but recent activity appears to have been triggered by increases in the cost of electricity.

A close-up of one of Riot's mining rigs. (Riot Blockchain)

Markets

Bitcoin's Pre-Jackson Hole Decline Leaves Room for 'Buy the Fact' Bounce

"No matter what Powell says or the Fed does, the market insists on reading/hearing him dovish," one observer said.

Bitcoin may regain poise after Powell speech (bbeavis/Pixabay, modified by CoinDesk)

Markets

First Mover Asia: Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K

A study by crypto exchange KuCoin found that 15% of the country’s population aged 18-60 held or had traded crypto in the past six months; ether trades sideways.

India (Kriangkrai Thitimakorn/Getty Images)

Markets

Market Wrap: Bitcoin Rises Slightly Along With Stocks

U.S. equity indexes snapped a three-day losing streak on Wednesday, dragging along crypto assets.

Crypto assets and stocks rose slightly. (Nancy Hughes/Unsplash)

Markets

Wounded Crypto Traders Desperate for Clues From Fed’s Big Meeting This Week

The central bank’s annual Jackson Hole, Wyoming, conference could provide hints on where interest rates are headed – and thus where crypto prices will go.

Fed Chair Jerome Powell giving the update from 2021's virtual Jackson Hole meeting. (C-Span)

Videos

Bitcoin ‘Lost Its Narrative’ Ahead of Ethereum Merge, Expert Argues

Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), explains why he thinks bitcoin "has completely lost its narrative" ahead of the Ethereum merge.

Recent Videos

Videos

Bullish Narrative on Ethereum Merge ‘Overheated’: Strategist

Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), discusses the potential impact of the upcoming Ethereum merge on the NFT markets. “It is clear the bullish merge narrative got overheated,” Leinweber said.

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Policy

Law Society of England and Wales Tells Members to Be Wary of Bitcoin Use in Transactions

"This is a cash transaction so there is a high risk of money laundering," the professional body told its members.

(Dan Kitwood/Getty Images)

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