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



Opinion

Bitcoin Is Far More Than a New Form of Money

Bitcoin is a complex financial ecosystem with its own currency, and independent of traditional financial platforms.

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

Videos

Bitcoin as an Economic Lifeline Amid Russia-Ukraine War

Human Rights Foundation’s Alex Gladstein explains the crucial role of cryptocurrency in the Ukraine war as displaced Ukrainians turn to digital assets for storage of funds.

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Policy

US Senate to Consider Bill Examining El Salvador's Bitcoin Experiment

The bill, which was passed out of committee on Wednesday, generated the displeasure of El Salvador's president, Nayib Bukele.

U.S. Capitol Building (Ian Hutchinson/Unsplash)

Markets

First Mover Asia: With Finance Bill Vote, India Continues to Reckon With the Growing Crypto Industry; Bitcoin, Ether Tread Water

The expected passage of a finance bill will include a steep crypto tax that the industry says will discourage innovation and cost the country some of its technology talent; several major altcoins rise.

India Parliament building (Unsplash)

Markets

Market Wrap: Altcoins Outperform Bitcoin, Traders Cautiously Await Breakouts

Recent price bounces have lacked conviction among crypto traders, especially in the futures market.

Oso contra toro. (Getty)

Videos

BTC Correlation to the S&P 500 Hitting 17-Month High

The debate over bitcoin's value as a digital gold safe haven asset or a risky investment is heating up. As BTC's sensitivity to stock markets increases, concerns that the Federal Reserve's aggressive tightening plans may tip the U.S. economy into recession rise. Christine Lee breaks down the Chart of the Day.

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Videos

Bitcoin Volatility Could Rise Despite Low Volume

CoinDesk Markets Reporter Damanick Dantes shares insights on BTC’s current price action, highlighting an increasing resemblance to risk asset behavior as bitcoin becomes more sensitive to equities. Plus, a conversation about the potential of volatility increase and bitcoin’s support and resistance levels.

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Videos

Bitcoin Volatility Could Rise Despite Low Volume

CoinDesk Markets Reporter Damanick Dantes shares insights on BTC’s current price action, highlighting an increasing resemblance to risk asset behavior as bitcoin becomes more sensitive to equities. Plus, a conversation about the potential of volatility increase and bitcoin’s support and resistance levels.

Recent Videos

Videos

New York State Assembly Committee Moves Forward With Bitcoin Mining Ban

The Environmental Conservation Committee of the New York State Assembly voted in favor of a bill that would ban proof-of-work (PoW) cryptocurrency mining for two years due to energy consumption concerns. “The Hash” hosts discuss the growing politicization of bitcoin and possible ways for the mining industry to respond.

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