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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
Bitcoin Recovers Above $40K After Dipping Earlier to 6-Week Low
Bitcoin is trading at about $40,100 after falling nearly to $38,200.
Bitcoin Holding Support Above $37K; Resistance at $43K
BTC's price range could persist for another week.
Crypto Funds Saw Minor Outflows Last Week
Some $7 million flowed out of digital asset funds in the week through April 22.
Binance Extended Crypto Exchange Dominance in March
The exchange captured 30% of spot volume market share last month, extending its lead over competitors including Coinbase and OKX.
Introducing CoinDesk's Payments Week
Can crypto fulfill its original promise? From Bitcoin’s Lightning Network to stablecoins to gaming and rewards, innovations give hope for the payments use case.
First Mover Americas: The Bitcoin Death Cross
The latest moves in crypto markets in context for April 25, 2022.
Bitcoin Falls to Six-Week Low Amid Risk-Off Sentiment
"I don't remember this level of bearishness amongst contacts and Twitter, even back on cycle lows in January," one fund manager said.
First Mover Asia: The Metaverse Is Subject to Earth’s Boring Old Rules
GameFi adoption has been hitting obstacles worldwide, including in China and South Korea, because of laws about converting in-game tokens to currency.
But Exchanges, What Low Volumes You Have!
Even though bitcoin’s price is range-bound and crypto exchange volumes are at yearly lows, there is no reason to worry … yet.
Market Wrap: Cryptos Slip as Bitcoin Struggles to Hold $40K
BTC declined by as much as 4% over the past 24 hours, compared with a 2% dip in ETH.
