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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
Market Wrap: Bitcoin Suffers Its Worst Month Since 2011
The largest cryptocurrency by market cap dropped over 37% in June.
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%.
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.
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.
First Mover Americas: It’s Ugly in Crypto With $200M of Margin Calls, Founders Selling Homes and Comparisons to 2008
The latest moves in crypto markets in context for July 1, 2022.
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.
El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says
The last purchase by the Central American country had been in May.
First Mover Asia: Speculating on Tokenized Carbon Offsets Won't Help Climate Crisis, Says Consultant; BTC Falls Under $19K Amid Wider Crypto Woes
A significant number of carbon credits are from projects 8-10 years old; Ether and other major altcoins plummet.
CFTC Charges Mirror Trading International With $1.7B Fraud
In one of the biggest scams in bitcoin’s history, the Commodity Futures Trading Commission has charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud. CoinDesk’s Danny Nelson dives into the details of this case, touching on the timing of the charges and possible restitution for its victims.
Why the Crypto Bear Market Isn’t Over Yet
Trade The Chain Director of Research Nick Mancini shares his bitcoin price outlook following an extreme downturn in the crypto markets throughout June, explaining why he anticipates continued bearish sentiment throughout July.
