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



Videos

Crypto Losses Not Protected in China; India’s Bitcoin Premium

Chinese court reiterates stance that the law cannot cover crypto losses. Chinese tech giant Alibaba offers NFTs as blockchain game rewards. Indian investors hungry for bitcoin despite premium. These stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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A Healthy US Bitcoin Mining Industry Could Generate Significant Tax Revenue

Tax revenue inflows from bitcoin mining companies could represent a meaningful windfall for the United States government. This piece is part of CoinDesk’s Tax Week.

(Sharon McCutcheon/Unsplash)

Finance

Morgan Stanley Says Bitcoin Cannot Escape Energy Requirements

Increased investor interest means sustainability has become an important consideration for crypto, the bank said.

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Markets

Terra's LUNA Jumps 15% as UST Stablecoin Gets $1B Bitcoin Reserve

LUNA's fortunes are closely tied to UST. The stablecoin's creation is facilitated by burning LUNA.

(Annie Spratt/Unsplash)

Markets

First Mover Asia: GameFi's Shaky Prospects; Bitcoin, Ether Inch Higher

Strict regulations on gaming in China and South Korea, among other countries, are likely to reduce the market for GameFi in the Asia-region; bitcoin, ether and most major altcoins rose slightly during U.S. trading hours.

(Carol Yepes/Getty Images Plus)

Markets

Bitcoin Ticks Up as Biden Announces New Russia Sanctions

Bitcoin still faces pressure below $40,000.

Bitcoin still faces pressure below $40,000. (CoinDesk)

Markets

Foundation Focused on UST Stablecoin Raises $1B in LUNA Sale

The fresh funding will go toward a new reserve to help strengthen the peg for the UST stablecoin.

Terraform Labs CEO Do Kwon on CoinDesk TV in December.

Videos

Tuttle Capital Management CEO on Macro Factors Impacting Bitcoin Price

Mathew Tuttle, CEO and CIO of Tuttle Capital Management, joins “All About Bitcoin” to discuss the current state of the crypto and broader financial markets, highlighting rising interest rates and negative sentiment in the marketplace for risk assets.

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Markets

Market Wrap: Cryptocurrencies Fall as Sentiment Turns Bearish

The bitcoin Fear & Greed Index declined as macroeconomic and geopolitical concerns linger.

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