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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: Cryptos and Stocks Dip Ahead of Seasonally Strong May
BTC is lagging equities and gold so far this year, although returns are typically positive in May.
BTC and ETH Drop More Than 30% Over the Past Year
Returns over the past year for 14 out of all CoinDesk top 20 assets, the top 20 digital assets based on verifiable dollar volume and exchange listings, illustrate a sea of red. ETH and BTC show more than 30% price declines.
Crypto Adoption Outlook as Fidelity and Central African Republic Embrace Bitcoin
The “Week in Review” panel discusses Fidelity adding bitcoin in its 401K programs, what Elon Musk’s deal to buy Twitter could mean for the social media platform and the Central African Republic’s decision to adopt bitcoin as legal tender.
What Next Week’s Fed Meeting Means for Bitcoin
CoinDesk Managing Editor for Markets Brad Keoun shares his bitcoin price outlook. Could the digital asset break its current trading range between the mid-30s and high-40s? Plus, a discussion on the upcoming Federal Reserve meeting as Jerome Powell stated plans to raise interest rates by 50 basis points.
How Crypto Could Spearhead Retail Payments in 2022
Reduced fees, faster transactions and greater consumer choice mean retailers might, in time, prefer crypto payments. This article is part of CoinDesk's "Payments Week."
Alex Adelman: The Rewards of Bitcoin
The co-founder of Lolli on why New York is behind Miami in attracting crypto startups and how brands can use bitcoin to win more customers. Adelman is a speaker at CoinDesk's Consensus festival in June.
Bitcoin Momentum Weakens; Support at $35K-$37K
BTC's trading range could persist into the following week.
Swiss National Bank Owns No Bitcoin, but Could Buy in the Future, Chairman Says
While bitcoin today doesn't meet norms for currency reserves, said Thomas Jordan, there's no technical bar to purchases.
Another Crypto Firm Leaves Singapore; S Korean Secrets Sold for Crypto
Three Arrows Capital to move base from Singapore to Dubai. Samsung Asset Management to list blockchain ETF in Hong Kong. South Korean crypto executive, soldier indicted for selling military secrets for Bitcoin. Innovation driving blockchain gaming space forward.