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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
First Mover Asia: Markets in Wait-and-See Mode; Bitcoin Hovers Around $57K
The price for the tether-yuan pair fell entering December, as the deadline approaches for Huobi, a popular crypto exchange among Chinese investors, to close the accounts of its existing users in mainland China.
Michael Saylor Calls Bitcoin the World’s Reserve Asset but Not So Good for Buying a Cup of Coffee
The billionaire founder of the business software company MicroStrategy said in a CoinDesk TV interview that bitcoin is the best inflation hedge.
Market Wrap: Bitcoin Vulnerable to Rising Leverage Despite Short-Term Optimism
Analysts are cautiously optimistic about a sustained price rise in bitcoin.
Jack Dorsey Takes Square Deep Down the Bitcoin Rabbit Hole
The payments giant’s name change to Block caps off a transformational year.
E-Commerce Giant Mercado Libre Taps Paxos to Power Crypto Service in Brazil
Users of Mercado Pago will be able to buy and sell bitcoin, ether and the USDP stablecoin starting in December.
The Radical Pluralism of Money
Money must not always be a unit of account, store of value and medium of exchange.
Analysts Expect Positive Bitcoin Returns in December
New data on average returns for bitcoin by month reveals BTC has positive returns in the fourth quarter, which is why some traders remain poised for a year-end rally across cryptocurrencies. Yet, based on seasonal data, BTC’s upside could be limited as January tends to produce negative returns.
Could Jack Dorsey Be Taking Square Deep Down the Bitcoin Rabbit Hole?
Following the announcement payments giant Square will be changing its corporate name to Block, CoinDesk's David Z. Morris shares insights into his article examining Jack Dorsey's bitcoin trajectory. Could Jack Dorsey be moving to transform Square into a crypto and blockchain firm?
Quadency CEO: $100K Bitcoin By End of Year
Bitcoin’s long-term momentum is starting to fade, which could limit price gains this month, but some remain bullish for the short term. Rosh Singh, co-founder and CEO of crypto trading platform Quadency, discusses why he thinks bitcoin could reach $100K by the end of 2021 and what metrics he’s watching to support this prediction.
Bitcoin Struggles Near Resistance; Support at $53K
Long-term momentum is starting to fade, which could limit price gains this month.
