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

CoinFund President on Crypto Mainstream Adoption, Goldman Sachs and FTX Collaboration

CoinFund President Chris Perkins discusses the current state of the crypto markets as bitcoin trades below $40,000 after a 5% decline. Perkins addresses positive factors hitting the crypto industry, noting favorable sentiment among policymakers and increasing institutional interest. This comes as Goldman Sachs and FTX executives meet in the Bahamas to discuss further collaboration. Plus, a conversation on the proof-of-work debate and the derivatives market. 

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Finance

First Mover Americas: When $1M Bitcoin?

The latest moves in crypto markets in context for April 27, 2022.

(Thibault Renard/Getty Images)

Finance

Central African Republic Adopts Bitcoin as Legal Tender

A statement from the president's office on Wednesday confirms the passage and signing of the necessary legislation.

Central African Republic flag (jorono/ Pixabay)

Markets

Bitcoin's Derivative Data Suggests Potential for 'Short Squeeze'

A minor increase in price could send short sellers scrambling to close their bets.

Bitcoin may see a short squeeze higher. (Pixabay, PhotoMosh)

Markets

Dogecoin, Terra Fall Steepest Among Major Cryptos as Long Traders Lose $280M

Digital assets lost 3.5% in capitalization over the past 24 hours but gradually recovered during European morning hours on Wednesday.

(Pixabay, modified by CoinDesk)

Finance

World's First Combined Bitcoin, Gold Exchange-Traded Product Listed in Switzerland

The product was developed by ETP issuer 21Shares and crypto data provider ByteTree Asset Management.

(Unsplash)

Finance

Six of 10 Salvadorans Quit Using the Chivo Wallet After Getting the Bitcoin Incentive, Study Finds

“Most users who used Chivo after spending the $30 bonus do not engage with the app intensively,” the U.S. National Bureau of Economic Research reported.

Un cajero automático Chivo en San Salvador, El Salvador (Camilo Freedman/APHOTOGRAFIA/Getty Images)

Markets

First Mover Asia: Spot Bitcoin ETFs Are Launching in Australia but Elsewhere They Face Brutal Fund Outflows

Australia follows a lengthy list of spot bitcoin issuances in Europe and Canada, but these products come at a challenging time for crypto; bitcoin and ether drop.

Melbourne city at night (James O'Neil/ Getty Images)

Markets

Crypto Market's Direction During a Recession Might Depend on Nasdaq

Analysts say as the broader stock market goes, so goes bitcoin when recession hits.

Business fund investor planning for investment in crisis recession coronavirus , Covid-19 after stockmarket crash using cryptocurrency,bitcoin, for invest use digital tablet and mobile online trading

Videos

Chainalysis: Bitcoin Less Than 25% of All Cryptocurrencies Stolen by DPRK

Bitcoin accounts for less than a quarter of all cryptocurrencies stolen by North Korea, according to Chainalysis. This comes in light of North Korea’s recent hack of $625 million from Axie Infinity’s Ronin network. How does the security of the Bitcoin blockchain compare with its competitors? “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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