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

Will El Salvador Default on its Sovereign Debt in 2023?

El Salvador has an $800M sovereign bond due in January 2023 while the issuance of a $1 billion bitcoin bond is delayed. Frank Muci, LSE School of Public Policy fellow, discusses the key takeaways of his recent op-ed on El Salvador’s massive debt and the potential ramifications if it were to default.

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Videos

Long Term Bitcoin Holders Have Absolute Advantage in Bitcoin Investment

BTC is down by 34% so far this year and is approaching the middle or late stage of a bear market. Plus, insights into how long-term bitcoin holders have an absolute advantage over short-term holders in BTC investment. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

Markets

Market Wrap: Is Bitcoin Breaking Down or Breaking Free?

Analysts await the likely outcome of the European Central Bank's monetary-policy meeting on Thursday, which could affect in which direction BTC moves next.

(Bankrx/Shutterstock)

Videos

What Should Investors Expect This Summer?

Edward Moya, a senior market analyst with OANDA, explains how inflation pressures weigh on investors and why Bitcoin didn’t head towards a $100,000 price. “The market just really got nervous, and you saw all the short-term holders just pretty much want to exit it,” he says. Plus, what economists expect from Summer 2022.

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Markets

Will El Salvador Default on Its Sovereign Debt in 2023?

While the issuance of a $1 billion bitcoin bond is delayed, President Nayib Bukele must face payments of $800 million next January. Will he make it?

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Markets

First Mover Asia: For the Metaverse to Be a $13T Opportunity, Much Has to Change; Bitcoin Rises Late Past $31K

A Citi report makes a bold prediction, but major metaverse platforms are struggling to attract committed users; altcoins are mixed.

Bitcoin rose above $31,000, but markets remained range-bound. (Michael Borgers/Getty Images)

Markets

Market Wrap: Bitcoin Close to $30K as Investors Search for a Bottom

BTC is down by 34% so far this year and is approaching the middle or late stage of a bear market, according to some indicators.

Investors bottom fishing  (Robson Hatsukami Morgan, Unsplash)

Markets

Bitcoin Choppy Around $30K, Support at $25K-$27K

Price bounces have been short-lived, indicating a loss of buying strength.

Gráfico diario de bitcoin que muestra el soporte/resistencia. (Damanick Dantes/CoinDesk, TradingView)

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