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

Global Macro Factors Impacting Bitcoin Price

Bitcoin is stabilizing around the $60,000 support level after declining about 15% from an all-time high near $69,000. CoinDesk Director of Data and Indexes Galen Moore discusses the macro factors that may be impacting the price of bitcoin and the wider crypto markets. Plus, his views on shifting global risk appetites towards cryptocurrencies.

Nov 17, 2021

Videos

Athena Bitcoin CEO on Bitcoin Adoption and ATM Installations in El Salvador

El Salvador now has the world's third-largest bitcoin ATM network. This comes as Athena Bitcoin has installed around 200 bitcoin ATMs in the country as part of a plan to install 1,500 machines in total. Athena Bitcoin CEO Eric Gravengaard shares insights into the scope of his firm's involvement in scaling bitcoin ATMs in El Salvador. Plus, an update on the country's bitcoin rollout and the remaining challenges ahead.

Nov 17, 2021