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

Podcasts

A $4.2T Asset Manager Just Said Governments Will Buy Bitcoin

By Nathaniel WhittemoreJan 19, 2022

Markets

Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K

Buyers could remain active into the Asia trading day as momentum improves.

By Damanick DantesJan 19, 2022

El gráfico de precios de cuatro horas de bitcoin muestra el soporte/resistencia y el RSI en la parte inferior (Damanick Dantes/CoinDesk, TradingView)

Markets

Grayscale Bitcoin Trust Discount Hits Record at 26.5%

Analysts don't expect a spot bitcoin ETF conversion anytime soon, and in the meantime, investors in the GBTC fund are getting charged fees.

By Damanick DantesJan 19, 2022

Finance

Crypto Miner Mawson Sees Hashrate Topping 1 EH/s by Month's End

The Australian miner is producing about 5.8 bitcoins per day.

By Aoyon AshrafJan 19, 2022

Bitcoin Mining's Energy Consumption Debate

Learn

What is Bitcoin’s Lightning Network?

In 2016, developers Thaddeus Dryja and Joseph Poon proposed a protocol called “the lightning network” that would enable faster and cheaper transactions while not having to change the block size.

By Noelle Acheson, Hoa Nguyen, John Biggs, Eli TanJan 19, 2022