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



Markets

First Mover Asia: Bitcoin Edges Toward $58K; Altcoins Recover From 7-Day Lows

The dominance of the largest cryptocurrency by market capitalization dipped to 42%, far off its October high.

(Shutterstock)

Markets

Market Wrap: Altcoins Outperform as Bitcoin Stabilizes

The rise in altcoins suggests a greater appetite for risk among traders.

Crypto Markets Update

Policy

The ‘Bitcoin City’ Fantasy

How might the low-tax, net-zero startup municipality play out?

(drmakete lab/Unsplash)

Policy

Bitcoin Should Not Be Legal Tender in El Salvador: IMF

The financial institution said the Central American country’s plans to acquire more bitcoin will require a “very careful analysis” of implications for its financial stability.

(Archivo de CoinDesk)

Markets

Bitcoin Holds Support at $56K, Resistance at $60K-$63K

Momentum is improving as oversold readings appear on the chart.

Bitcoin four-hour price chart shows short-term price levels with oversold RSI in second panel. (Damanick Dantes/CoinDesk, TradingView)

Videos

Why Are Crypto Markets Pulling Back?

Bitcoin, ether, and the wider crypto markets continue their recent downward trend, but what's behind the dip? Fairlead Strategies Technical Analyst Katie Stockton shares insights into the key support and resistance levels to watch for signs of a bullish breakout, along with short-term and long-term price targets.

Recent Videos

Finance

Regal Cinemas to Accept Crypto for Tickets, Concessions

Moviegoers will be able to use bitcoin, dogecoin and other digital currencies.

Signage is displayed on a Regal Cinemas movie theater in Oakland, California, U.S., on Tuesday, Oct. 6, 2020. More than 7,000 movie screens will be dark in the U.S. this weekend as the Regal theater chain said it will shut down all 536 locations on Thursday. Photographer: David Paul Morris/Bloomberg via Getty Images

Markets

Bitcoin Still Trading in Bullish Channel Despite Price Support Break

Powell’s reappointment as Fed’s chairman has reinforced fears of faster rate hikes to control inflation

Chart showing bitcoin trading in a bullish channel (Stack Funds, TradingView)

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