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

Bitcoin’s Decline Suggests Fed’s Hawkish Policy Shift Is Priced In

Bitcoin appears to have digested the U.S. Federal Reserve's impending hawkish, or anti-inflation, policy adjustment with a significant decline in recent weeks. Analysts said the cryptocurrency could see a relief rally after the Fed decision, due later Wednesday. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Videos

Valkyrie Launches ETF to Track Bitcoin Balance Sheet Stocks

Crypto manager Valkyrie has launched a new exchange-traded fund (ETF). Balance Sheet Opportunities ETF, trading as VBB on Nasdaq, ​invests in companies with big bitcoin bags, but steers clear of bitcoin futures, sticking only to equities that invest in the coin. Valkyrie CEO Leah Wald shares insights into the ETF and hopes for a bitcoin spot ETF in the U.S.

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Finance

8 Trends That Will Shape Bitcoin Mining in 2022

CoinDesk’s first ever year-end survey of crypto miners reveals a competitive but mature business with potential for merger activity to accelerate.

What's in store for crypto mining in 2022? (Grafissimo/iStock/Getty Images Plus, modified by CoinDesk)

Markets

Bitcoin Rises Toward $50K; Resistance Seen Around $52K

Momentum is also stabilizing after several weeks of low trading volume.

Bitcoin four-hour price chart shows support/resistance levels. (Damanick Dantes/CoinDesk, TradingView)

Videos

Crypto Traders Laying Low While Fed Ponders

The crypto market extended its losses Wednesday as investors closely monitor the Fed's upcoming decision on raising interest rates next year. Edan Yago, lead contributor at bitcoin-focused DeFi platform Sovryn, discusses his view of bitcoin and DeFi. "The big picture of bitcoin hasn't changed," Yago said. "Inflation is still necessary to continue ... [but] there's been something of a pullback as the market waits to see what's happening."

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Finance

CardCoins Offers Bitcoin Payments Over the Lightning Network

CardCoins’ new Lightning integration will allow customers to receive bitcoin payments quickly and cheaply.

(Irina Tiumentseva/iStock/Getty Images Plus0

Finance

Bitcoin, Cardano, Ether and Everything Else Are Still Down 99% on CoinMarketCap

A price glitch has since been fixed, but some of the turbulence remains.

tv, glitch

Videos

Institutional Bitcoin Broker NYDIG Valued at $7B After Whopping $1B Funding Round

NYDIG, which offers bitcoin trading and custody, has raised $1 billion that will value the firm at over $7 billion. “The Hash” hosts discuss what could be the largest funding round in crypto history as NYDIG moves to expand bitcoin’s reach into every industry potentially.

CoinDesk placeholder image

Markets

First Mover Asia: Crypto Traders Laying Low While Fed Ponders; Bitcoin, Ether Gain

A move by the U.S. central bank to ratchet up interest rates could lead investors away from cryptocurrencies, which are considered riskier investments.

Federal Reserve building (Paul Brady Photography/Shutterstock)

Markets

Market Wrap: Cryptocurrencies Stabilize as Traders Await the Fed

Analysts are cautious about crypto prices as risk appetite wanes.

Shutterstock

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