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



Markets

First Mover Asia: Terra's Difficult Post-Collapse Path: VCs Backing Away, Regulators Jumping on Stablecoins

Some investors see salvageable pieces in the rubble while others are bemoaning their involvement and want to forget the protocol ever existed; bitcoin edges up in weekend trading.

(Javardh/Unsplash)

Layer 2

China Can’t Seem to Stop Bitcoin Mining

Reported hashrate fell to zero for two months in China last year, but it has since returned rather abruptly.

Bloomberg/Contributor/Getty

Markets

Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform

Aversion to risk remains as volatility returns to stocks and cryptos.

(Getty Images)

Videos

Could Bitcoin Extend its 7-Week Losing Streak?

Bitcoin is poised to extend its losing streak to a record eight weeks. "All About Bitcoin's" Week in Review panel discusses this week's biggest bitcoin news, including the Fed's hawkish remarks, bitcoin dominance soaring to 7-month highs, price levels to watch, the Terra crash and bitcoin mining.

Recent Videos

Videos

Put-Call Ratios for Bitcoin Open Interest Hits 12-Month High

The put-call ratio, which measures the amount of put buying relative to calls, hit a 12-month high for bitcoin open interest. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

CoinDesk placeholder image

Videos

NFL Defensive End Alex Barrett on Taking His Salary Fully in BTC

National Football League (NFL) player Alex Barrett of the San Francisco 49ers has partnered with Bitwage to receive 100% of his paycheck in bitcoin. Barrett joins “The Hash” to share insights into his crypto journey and where it fits into the growing crypto enthusiasm in the sports world despite the current market rout.

CoinDesk placeholder image

Markets

Bitcoin Drifts Lower, Support at $25K-$27K

BTC is roughly flat over the past week. Technical signals suggest a neutral to bearish outlook.

Bitcoin's weekly chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Finance

First Mover Americas: Bitcoin Heads for Record 8-Week Losing Streak

The latest moves in crypto markets in context for May 20, 2022.

CoinDesk placeholder image

Layer 2

BIP 119: Unpacking CTV and How It Would Change Bitcoin

Right now, we can only use Bitcoin scripts to designate when or why a bitcoin is spent. But what if we could use it to designate how a bitcoin is spent?

(Andriy Onufriyenko/Moment/Getty Images)

Pageof 865