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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
Bitcoin and Prison Reform
BitcoinVegan CEO and "From Bars to Bitcoin" author Justin Rhedrick discusses how he personally overcame the economic setbacks of incarceration by discovering bitcoin as an opportunity for financial freedom and generational wealth. Galaxy Digital CEO and The Bail Project Board Chair Mike Novogratz also shares insights into the role of bitcoin in the U.S. criminal justice system.
What Is Cryptocurrency?
When Satoshi Nakamoto launched the Bitcoin protocol in January 2009, the first globally viable cryptocurrency had arrived.
The World Bitcoin Will Build
Fix the money, fix the world. The world’s first and largest decentralized monetary network could usher in a more vibrant and just society.
Bitcoin's Price Trajectory Ahead of Thanksgiving Weekend
CoinDesk's Galen Moore discusses what to make of bitcoin's price trajectory as the cryptocurrency is holding support above its 100-day moving average of $53,700. Plus, potential headwinds out of India amid talks of a bill banning cryptocurrencies in the country, and reactions to Salvadoran Ambassador to U.S. saying bitcoin challenges the U.S.' monetary authority.
Bitcoin Tops $58K With Focus on Omicron and Fed’s Powell Speech
Are bitcoin’s immediate prospects tied to the Omicron variant’s potential impact on the Fed’s monetary policy? GlobalBlock CEO Rufus Round discusses what to make of bitcoin’s recent price swings. The cryptocurrency is trading near $57,300 at press time, representing a 7.3% gain compared to the low of $53,359 late Sunday.
Bitcoin Tops $58K With Focus on Omicron and Fed’s Powell Speech
Bitcoin is largely being grouped with other risk assets at the moment, one observer said.
First Mover Asia: Bitcoin, Altcoins Rebound From ‘Black Friday’ Plummet
Bitcoin rose past $57K on Sunday, although investors are nervously eyeing the spread of the omicron variant of the coronavirus.
El Salvador Buys 100 More Bitcoins as Crypto Market Falls
El Salvador’s President Nayib Bukele said in a tweet he bought the coins at “a discount.”
5 Reasons for Crypto to Be Thankful
CoinDesk’s Chief Content Officer picks out five big trends to be pleased about.
