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 Asia: Bitcoin Extends Losing Streak, New LUNAs Crash Like Old LUNAs, Stepn's China Dilemma

Bitcoin was headed for a ninth-straight weekly loss, a record. Terra delivered its new LUNA "revival" tokens, which crashed. Stepn has plenty of company among firms making changes to accommodate Chinese data-protection laws.

Los nuevos tokens LUNA, de Terra, se desplomaron casi en el mismo momento de su lanzamiento. (NASA)

Opinion

Crypto's One Unassailable Use Case: Helping Human Rights Activists

The Oslo Freedom Forum was heavy on bitcoin and stablecoin discussions, underscoring that this technology is a tool for political dissidents, not just a get-rich-quick scheme.

On the ground at Oslo Freedom Forum / Julie Hrncirova

Markets

Market Wrap: Bitcoin Stuck Below $30K as Buyers Remain on Sidelines

BTC declined by as much as 3% over the past 24 hours and is on track to end the month in the red.

Bitcoin 24 hour price chart (CoinDesk)

Markets

Bitcoin Faces Resistance at $33K; Support at $22K-$25K

Volatility could rise, especially if another price breakdown occurs.

Bitcoin weekly chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Americas: Ether Ends May 35% Down, Altcoins Lose Out

The latest moves in crypto markets in context for May 27, 2022.

Ether crashed 35% in May (keithsutherland/Getty images)

Markets

Market Wrap: Cryptos Down, Stocks Up; Altcoins Underperform

BTC was roughly flat over the past 24 hours, compared with a 6% decline in ETH and a 2% rise in the S&P 500.

Crypto briefly decouples from stocks (cdd20/Unsplash)

Opinion

How to Prevent the Metaverse From Becoming a Nightmare

Covering everything from zero-knowledge proofs to interplanetary file storage.

(Benjamin Child/Unsplash, modified by CoinDesk)

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