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



Coindesk News

Hey Crypto World, Let’s Talk About Mainstreaming the Satoshi at Consensus

The high price of bitcoin intimidates crypto newbies. CoinDesk is hosting a private session at Consensus 2022 to begin changing the conversation.

(Illustration by Melody Wang/CoinDesk)

Markets

First Mover Asia: Bitcoin Jumps Above $31K; Ether Gas Fees Drop

Crypto analysts are starting to ask if the market is finding a bottom after the latest downdraft.

(Getty Images)

Markets

First Mover Asia: Bitcoin Jumps Above $31K; Crypto Carbon Trading Races to Clean Up Act

Carbon credit protocols have had a difficult time in recent months but have been working to improve the way they operate; bitcoin on Monday notched its biggest single-day gain in more than two months.

Onshore wind turbines on the Bradwell Wind Farm near Bradwell on Sea, U.K., on Tuesday, Sept. 21, 2021. U.K. Business Secretary Kwasi Kwarteng warned the next few days will be challenging as the energy crisis deepens, and meat producers struggle with a crunch in carbon dioxide supplies. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Markets

Bitcoin Begins a New Week by Hitting Above $31K

Bitcoin posted a strong start to the week, rising to over $31,000 while U.S. equity markets were closed for the Memorial Day holiday.

(Daria Nepriakhina/Unsplash)

Markets

Bitcoin Shows Signs of Bottoming Out After 9 Weeks of Losses

The $29,500 level is acting as major support for the world’s largest cryptocurrency.

Markets rise (Mehmet Turgut Kirkgoz, Unsplash)

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

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