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 Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises

The Fed’s asset purchase program is set to end in March.

Bitcoin holds range support ahead of Fed minutes (TradingView)

Markets

Bitcoin Can Reach $100K in ‘Hypothetical’ Store of Value Boost, Goldman Sachs Says

The firm assumes a scenario where bitcoin adoption increases as a store of value for investors versus gold.

(Getty Images)

Markets

First Mover Asia: Bitcoin Continues in Narrow Trading Range, Ether Pops Back Into the Green

Some price-chart indicators show the potential for a short-term BTC bounce if support holds.

(Getty Images)

Videos

Apple Stock Outpaces Bitcoin

A chart by Bloomberg’s Joe Weisenthal shows Apple stock outperformed bitcoin in year-over-year returns. In this Chart of the Day report, Galen Moore reflects on whether both investments rest on the strength of a single offering — bitcoin as digital gold, and its iPhone sales in the case of Apple.

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Markets

Market Wrap: Bitcoin Gains May Be Limited in January, Altcoins Outperform

Bitcoin continues to trade in a tight range on relatively light volume.

January (Debby Hudson, Unsplash)

Markets

Bitcoin Declines Toward Support at $44K-$45K as Analysts Await Price Bounce

Some price-chart indicators show the potential for a short-term bounce if support holds.

Bitcoin four-hour price chart shows support and resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Finance

Grayscale Adds Flexa’s AMP to DeFi Fund, Removes BNT, UMA in Quarterly Rebalancing

The world’s largest digital asset manager announced the updated weightings on Monday, following reconstitution of the CoinDesk DeFi Index (DFX).

(Nuthawut Somsuk/Getty Images)

Markets

First Mover Asia: Bitcoin Slips Under $46K as Volume Across Major Centralized Exchanges Remains Low

“It’s pretty much been choppy since that big drop in the beginning of December,” said Efficient Frontier’s Andrew Tu.

(Getty Images)

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