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

ProShares Aims to Let Investors Bet Against Bitcoin With New ETF

The company filed an application with the SEC for the Short Bitcoin Strategy ETF.

(Namthip Muanthongthae/Getty images)

Markets

Luna Foundation Guard Adds Nearly $230M of Bitcoin to Stack

The foundation now has bigger exposure to bitcoin than the U.S. electric-car maker Tesla.

(Pixabay)

Markets

Observers Cautious for Bitcoin as US Inflation-Adjusted Bond Yield Hits 2-Year High

Typically rising borrowing costs hurt risk assets, one research firm said.

Observers assess downside risk to bitcoin as bond yields spike. (Pixabay, modified by CoinDesk)

Markets

Bitcoin Slumps to $45K Amid Hawkish Fed, Buying Activity Remains Positive

Institutional adoption of bitcoin could boost confidence among those who have previously considered cryptocurrencies a poor investment, some analysts said.

(Lightspring/Shutterstock)

Markets

First Mover Asia: Singapore Wants More Control Over Crypto Companies That Call It Home but Aren’t There; Major Cryptos Drop

Many crypto companies, especially those with roots in Asia, choose to register their companies in Singapore, but the city-state has grown uncomfortable with the scale of this arrangement; bitcoin and ether fall.

Singapore skyline (Unsplash)

Videos

Crypto Markets React to Hawkish Brainard Remarks

Marcus Sotiriou, GlobalBlock market analyst, shares his bitcoin price outlook as Federal Reserve Governor Lael Brainard said Tuesday the U.S. central bank will reduce its balance sheet as soon as May. Plus, a conversation on MicroStrategy’s continued accumulation of bitcoin and Exxon’s plans to enter the crypto mining industry.

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Videos

Bitcoin's 'Reserve Risk' Suggests Opportunity for Long-Term Accumulation

Is it time to buy the dip? The reserve risk of bitcoin, an indicator that measures the risk-reward ratio of allocating BTC based on the conviction of long-term holders, shows that HODLing is the preferred market strategy right now. “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”

Recent Videos

Markets

Market Wrap: Bitcoin and Stocks Briefly Dip After Fed Comments; DOGE Rallies

BTC was roughly flat over the past 24 hours, compared with a 17% rise in dogecoin.

Bitcoin 24-hour price chart (CoinDesk)

Layer 2

A State Senator Is Pushing to Attract Bitcoin Miners to Oklahoma

John Michael Montgomery explains on CoinDesk TV’s “First Mover” why he thinks the Sooner State should offer tax incentives to crypto miners.

Oklahoma State Senator John Michael Montgomery explains why he is pushing the state to attract bitcoin miners with tax incentives. (CoinDesk TV)

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