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

First Mover Asia: Cryptos Hold Their Ground but Investors Remain Wary of Russia Invasion Plans, Inflation

Bitcoin fell earlier in the day but had recovered by the afternoon.

By James Rubin, Damanick DantesFeb 16, 2022

Markets

Market Wrap: Cryptocurrencies Maintain Gains but Analysts Remain Cautious

Bitcoin traded roughly flat while some altcoins, such as AVAX and GRT, rose as much as 7% over the past 24 hours.

By Damanick Dantes, Angelique ChenFeb 16, 2022

Markets

Gold-Backed Tokens Grow Despite Mixed Reviews From Analysts

With high inflation and geopolitical turmoil in the headlines, these tokens appear to be benefiting from the current investment climate.

By Angelique ChenFeb 16, 2022

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

Opinion

Bitcoin’s 'Energy Problem' Is Overblown

Yes, Bitcoin consumes a huge amount of electricity. But we must look at both its energy sources and its overall vision in order to fully understand the situation.

By Bobby LeeFeb 16, 2022