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

Bitcoin's Correlation With Gold-Backed PAXG Token Weakens to Record Low

Bitcoin's inverse correlation with PAXG represents the leading cryptocurrency's recent behavior as a risk asset rather than a store of value.

(Federal Reserve Bank of New York, modified by CoinDesk)

Finance

Fidelity Investments Will Offer Bitcoin Inclusion in Its 401(k) Accounts

Investors can use part of their savings to invest in the world’s largest cryptocurrency, if their employers allow.

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Markets

First Mover Asia: Slow Start to the Week for Crypto as China Lockdowns Drag on Stocks, S&P 500

Major equity markets in Asia have declined significantly in recent months, and bitcoin has followed a similar pattern.

Hong Kong Stock Exchange (Shutterstock)

Videos

‘Death Cross’ on the Horizon for BTC?

Bitcoin’s bear market might have plenty of steam left as technical analysis indicates an impending “death cross,” when the 50-candle simple moving average crosses below the 200-candle simple moving average. Plus, comparisons with BTC price action from mid-November 2018 and mid-December 2014 as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”

Recent Videos

Videos

BTC Slips Below $40K, Musk Confirms Twitter Acquisition

Dexterity Capital Managing Partner Michael Safai shares his bitcoin price outlook as it slips below $40,000 alongside the global equities markets. Plus, why Safai is optimistic about certain altcoins like Monero and Luna, and comments on Elon Musk reaching a deal with Twitter to purchase the platform for $44 billion. 

Recent Videos

Videos

How THNDR Games Is Bring Play-to-Earn to Bitcoin

THNDR Games CEO & Co-founder Desiree Dickerson discusses building play-to-earn games like SATSSS and Thunder Bay on the Bitcoin blockchain using the layer 2 Lightning Network. Dickerson explains the emphasis on mobile gaming for mass adoption and why the company has seen sizable popularity in Central and South American markets. 

Recent Videos

Markets

Market Wrap: Cryptos Mixed as Global Uncertainty Lingers; Dogecoin Pumps

BTC was roughly flat over the past 24 hours, compared with a 26% rally in DOGE.

"Oracle" projects like Pyth and Chainlink help to feed real-world data – such as asset prices – onto blockchain-based protocols and applications. (Unsplash)

Policy

New York Lawmakers Advance Mining Moratorium Bill to Full Assembly

The bill would bar new permits for proof-of-work mining operations in former power plants for two years.

Cryptocurrency mining rigs sit on racks. (James MacDonald/Bloomberg via Getty Images)

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