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 Markets Trading Flat; What’s Next?

Bitcoin has traded mostly sideways over the past two weeks. Steve Ehrlich, CEO of publicly listed crypto broker Voyager, discusses his crypto markets analysis and outlook for bitcoin, altcoins, and meme coins. Plus, insights into the five-year partnership with Mark Cuban’s Dallas Mavericks.

CoinDesk placeholder image

Finance

Day 4 of Kleiman v. Wright: Craig Wright’s Testimony Delayed

The self-styled “Satoshi” will likely take the stand on Monday.

"Justice" (ca. 1440), Metropolitan Museum of Art

Videos

Profit Taking Since July Remains Lower Than During BTC’s Rally From January to May

New data on bitcoin’s adjusted spent output profit ratio (aSOPR), which measures the profitability of spent bitcoin while filtering out short-term trading, reveals profit taking since July has remained significantly lower than during BTC’s rally from January to May. Some suggest this signals holders may believe in the continuation of a longer-term bull cycle.

CoinDesk placeholder image

Markets

Market Wrap: Analysts See Further Upside in Ether as Bitcoin Stalls

BTC’s price has been roughly flat over the past week, compared with a 4% rise in ETH and a 23% rise in Solana’s SOL token over the same period.

ETH/BTC price ratio chart (Damanick Dantes/CoinDesk, TradingView)

Videos

Kleiman v. Wright: Bitcoin’s Trial of the Century With $66B Worth of BTC at Stake

The civil trial Ira Kleiman vs. Craig Wright kicked off in Miami Monday that may provide insight into some of Craig Wright’s claims that he is Satoshi Nakamoto, the inventor of Bitcoin. "The Hash" panel discuss the latest in bitcoin's trial of the century with $66 billion worth of BTC at stake.

Recent Videos

Videos

Ethereum Alternatives and Gaming Tokens Outperform BTC and ETH

Bitcoin and ether were little changed over the past 24 hours. Yet, digital currencies associated with Solana and Polkadot, both alternatives to the Ethereum blockchain, were outperforming along with gaming tokens like Axie Infinity’s AXS. "The Hash" team discusses the rise of altcoins and wider crypto markets outlook.

Recent Videos

Markets

Will Bitcoin Win When the Fed Stops Buying Bonds?

The cryptocurrency has been viewed as a hedge against inflation.

U.S. Federal Reserve Chair Jerome Powell (CoinDesk archives)

Finance

Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure

The Jefferies strategist is “fundamentally bullish” on crypto and added another 5% exposure to his current bitcoin allocation recommendation.

Will Bitcoin Hold Above $40K?

Pageof 834