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 Breakout Elusive as Traders Price In 7 Fed Rate Hikes for 2022

The Federal Reserve is likely to raise rates by 25 basis points on Wednesday, the first hike since 2018.

Bitcoin's price narrowly missed the $40,000 mark late Monday. (Source: CoinDesk, Highcharts.com)

Markets

Bitcoin Unaffected by Hong Kong’s Hang Seng Meltdown

Analysts says the market crash in Hong Kong is being driven by regulatory not monetary policies, which is why the contagion has not spread to crypto.

Hong Kong's Exchange Square, home of the Hong Kong Exchange (See-ming Lee/Flickr)

Markets

First Mover Asia: A Taipei Executive Believes GameFi Can Fix Gaming’s Creative Drought; Bitcoin, Ether Are Flat in Light Trading

See Wan Toong, the CTO of Red Door Digital, a Taipei-based studio building out Web 3 games, believes games can be creative and lucrative; major cryptos were mixed with prices of some rising slightly and others falling.

View of the Taipei Skyline with Taipei 101 at night

Markets

Market Wrap: Cryptos Decline After Rejection of EU Bitcoin Proposal

BTC trading volume is low as investors position themselves for a busy week.

A controversial proposed ban on proof-of-work crypto in the EU is off the table for now. (Walter Zerla/Getty)

Videos

How Much Electricity Does Bitcoin Mining Actually Use?

Christine Lee presents data illustrating the environmental impact of the Bitcoin network, looking specifically at global energy consumption and regional carbon emissions. As regulators often target cryptocurrency ESG concerns, Lee highlights areas of the world where bitcoin mining uses emission-free electricity.

Recent Videos

Policy

EU's Sweeping Crypto Regulations Package One Step Closer to Ratification

The proposed MiCA framework was voted through without a contentious provision seeking to limit the use of proof-of-work crypto.

(Getty Images)

Videos

How the Russia-Ukraine War Could Lead to a New Monetary System

With most of the world imposing economic and trade sanctions against Russia for their actions in Ukraine, Credit Suisse strategist Zoltan Pozsar believes that this could be the catalyst for an “outside money” financial system. “The Hash” crew discusses bitcoin as a competitive currency to the dollar and the potential for a new monetary system.

Recent Videos

Finance

Crypto Funds See Their First Outflows in 7 Weeks: CoinShares

Both bitcoin and ether vehicles saw a sizable exit of money, according to the report.

(Mike Kemp/Getty images)

Markets

Bitcoin Below $39K After EU Vote on Crypto Regulation

The cryptocurrency was little changed Monday and is up 2% over the past week.

Bitcoin was little changed Monday and is up 2% for the day.

Pageof 865