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



Finance

First Mover Americas: Bitcoin Out of Bullish Trend, Would Fed Backstop Markets Again?

The latest moves in crypto markets in context for April 11, 2022.

(PonyWang/Getty images)

Markets

Bitcoin Slips Under $42K as Mounting Macro Risks, Dollar Strength Overshadow LFG Purchases

Macro uncertainties keep traditional investors from following LFG's lead in accumulating bitcoin at current valuations.

Bitcoin drops to $41,500, hitting the lowest since March 22. (Source: CoinDesk, Highcharts.com)

Markets

First Mover Asia: What’s in HSBC’s Metaverse Fund for Hong Kong, Singapore Private Banking Clients?; Bitcoin Declines

The financial services giant has been short on specifics, and the mystery underscores the difficulties in defining what belongs in such products; ether also falls.

Hong Kong skyline (Gary Yeowell/Getty Images)

Layer 2

While You Were Out Partying, I Studied Bitcoin Development

Open-source software discussions were the best-kept secret at Bitcoin 2022 in Miami.

The most underrated part of Bitcoin 2022 (George Kaloudis/CoinDesk)

Opinion

The Meaning of Miami's Castrated Bitcoin Bull

"[In] Miami we have big balls," Mayor Suarez said on CoinDesk TV, referring to the Bitcoin 2022 statue that lacks that anatomical part.

(Nelson Wang/CoinDesk, modified)

Markets

Market Wrap: Cryptos Waver as Speculators Lose Interest

Open interest in the BTC futures market is starting to decline.

(Jérôme Prax/Unsplash)

Videos

BTC Slides Below $43K During Bitcoin Miami Conference

CoinDesk Managing Editor for Markets Brad Keoun discusses the lack of a market boost from the Bitcoin 2022 conference in Miami, as BTC slides below $43K. Plus, Keoun weighs in on what Janet Yellen’s recent speech means for the crypto space and short-term bitcoin price predictions.

Recent Videos

Videos

BTC Whales in Decline, Minnows Gaining Momentum

According to Glassnode data, the number of bitcoin whales is currently declining as minnows, holders of small amounts of BTC, are growing in numbers. Plus, a look at ETF accumulation and coin outflows from crypto exchanges as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”

CoinDesk placeholder image

Videos

Samson Mow on Nation-State Bitcoin Adoption, BTC Dominance, and More

Samson Mow, formerly of Blockstream, discusses his start-up business JAN3, and the company’s ambitions to “accelerate hyper-bitcoinization.” He joins “All About Bitcoin” host Christine Lee from the Bitcoin 2022 conference in Miami to describe his work with nation-states to adopt bitcoin into their financial systems, JAN3’s involvement in El Salvador’s Bitcoin City project, and Strike’s announced partnership with Shopify.

Recent Videos

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