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

How Bitcoin Set Itself Up for This Sell-Off

Over the weekend, a sell-off in the spot market triggered several hundred million dollars worth of futures liquidations that helped to send prices plummeting further. New data reveals the conditions that potentially set the stage for big price movements in one direction or the other.

Dec 7, 2021

Videos

Craig Wright Found Not Liable for Breach of Kleiman Business Partnership

A federal jury ruled Craig Wright, the Australian who claims to have invented Bitcoin, is clear from all charges but must pay $100 million to W&K Info Defense Research, a company founded by his former business partner Dave Kleiman. The jury was not asked to decide on the identity of Satoshi Nakamoto.

Dec 7, 2021

Videos

Is Crypto Dead in China?

Bitcoin and the crypto markets continued their slow recovery from this weekend’s pullback. Huobi Brokerage Director Victor Wei discusses the state of crypto in China and the potential impact of the country’s lending situation on price movements. Plus, insights into Huobi’s business operations in China and globally.

Dec 7, 2021

Markets