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 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.

CoinDesk placeholder image

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)

Videos

Why US Lawmakers Are Considering Legislation on El Salvador’s BTC Adoption

A new bill titled the Accountability for Cryptocurrency in El Salvador (ACES) Act has been presented in the U.S. House of Representatives by a bipartisan group of regulators. “The Hash” panel discusses the legislation's intention to protect the U.S. economy from El Salvador's bitcoin adoption while also touching on concerns raised by global financial institutions like the International Monetary Fund (IMF). 

Recent Videos

Videos

Lightning Labs Raises $70M to Bring Stablecoins to Bitcoin

Lightning Lab's Elizabeth Stark announced a Taproot-enabled protocol called Taproot Asset Representation Overlay (Taro) that has received $70 million in Series B funding to bring stablecoin capability to the Bitcoin network. “The Hash” panel discusses how this project can revitalize Bitcoin’s early function as a means for payments and the technological capabilities of the Taproot upgrade.

Recent Videos

Markets

Bitcoin Range-Bound; Support at $43K-$45K

Buyers could remain active on pullbacks into the Asia trading day.

Bitcoin daily price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Pageof 865