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



Videos

Celsius Files for Bankruptcy; Crypto Unfazed by US inflation

Celsius files for bankruptcy after paying off hundreds of millions of dollars of loans. Bitcoin bounces back after U.S. CPI hits 41-year high. MATIC skyrockets as Polygon joins Disney accelerator. Bitcoin hashrate slumps to lowest in over five months amid over 100 degree weather in Texas. Questions over Circle’s USDC reserves linger despite reassurances. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos

Markets

First Mover Americas: BTC Shows Resilience Despite Widespread Risk Aversion, Celsius' Bankruptcy Filing

The latest price moves in crypto markets in context for July 14, 2022.

(Pixabay / waldryano)

Markets

DEX Contango Pushes Retro Alternative to Perps With 'Expirable Futures'

The decentralized exchange said it will launch a beta version later in the summer after undergoing security audits.

Expiring futures contracts, a legacy of physical commodity pits, are coming to a decentralized crypto exchange. (Jeremy Kemp via Wikipedia, modified by CoinDesk)

Markets

6 Ways Advisors Can Help Crypto Investors Avoid Large Losses

It’s not enough to manage volatility and market risk on behalf of clients.

(Yana Iskayeva/Getty Images)

Markets

The $863B Crypto Market May Be Close to Bottom, Mayer Multiple Suggests

The market likely bottomed out in June with the Mayer Multiple dipping below 0.5.

El mercado bajista cripto podría estar llegando a su fin. (Source: fda54/Pixabay)

Markets

First Mover Asia: M&A Bankers See Crisis as Opportunity, With Celsius and Inflation in Focus

One analyst says "meh" as bitcoin climbs back above $20K as reports surfaced that troubled crypto lender Celsius might be teeing up a bankruptcy filing. Mergers & acquisitions bankers are seeing a slew of deals stemming from the current market crisis.

Bitcoin climbing over $20K doesn't generate the enthusiasm it once did. (Creative Commons)

Markets

Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed

BTC fell 4.5% minutes after the U.S. consumer price index showed June inflation rising to 9.1% but has since recovered.

BTC price plummeted 4.5% minutes after the CPI was released but has since recovered to Tuesday levels.

Markets

First Mover Americas: Bitcoin Drops After CPI Data Comes In Hotter Than Expected

The latest price moves in crypto markets in context for July 13, 2022.

(Pixabay/Geralt)

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