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

5 Ways Bitcoin Can Play a Role in a Portfolio

Bitcoin isn’t going anywhere. So how can it fit into the portfolios of the future?

Cedrik Wesche/Unsplash

Markets

Bitcoin Rangebound Ahead of $48K-$50K Resistance

Oversold signals on intraday charts could support brief buying.

Bitcoin four-hour price chart (CoinDesk, TradingView)

Finance

Bitso Is Providing the ‘Core Service’ for El Salvador’s Chivo Bitcoin Wallet

The company will also work with Silvergate Bank to facilitate transactions in U.S. dollars

A person purchases a bottle of Coca-Cola from a shop that accepts Bitcoin in El Zonte, El Salvador, on Monday, June 14, 2021. El Salvador has become the first country to formally adopt Bitcoin as legal tender after President Nayib Bukele said congress approved his landmark proposal. Photographer: Cristina Baussan/Bloomberg via Getty Images

Markets

Market Wrap: Bitcoin Bullish Sentiment Fades as Selling Abates

Analysts expect sentiment to become more normal for September as bitcoin’s price consolidates.

Bitcoin 24-hour chart (CoinDesk)

Videos

Crypto Futures Saw Record $10B Worth of Liquidations Sunday

Forced closure of long positions or bullish trades accounted for over $3 billion, or over 90% of total liquidations Tuesday, which shows the leverage was excessively skewed bullish across the board. Liquidations happen when trades cannot fulfill margin requirements for holding long/short positions and often exacerbate bullish/bearish moves.

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Videos

What’s Behind the Record Crypto Futures Liquidations?

The crypto futures market saw the highest number of liquidations in history Sunday as the sudden bitcoin price pullback caught overleveraged traders off guard. CoinDesk’s Galen Moore discusses the potential factors that caused market-wide liquidations and the outlook for bitcoin.

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Finance

Blockstream to Pilot Renewable Bitcoin Mining Facility With Australia’s Macquarie Group

The bitcoin company said it has ambitions to scale to new sites as infrastructure is further developed. The first site will be in the U.S.

Macquarie Group building in Sydney, Australia. (Ian Waldie/Bloomberg via Getty Images)

Markets

Bitcoin Stabilizes Around $46K After Sell-off; Resistance at $50K

Upside appears to be limited despite short-term relief buying.

Bitcoin daily price chart (CoinDesk, TradingView)

Videos

Bitcoin Stabilizes Around $46K After Selloff, Resistance at $50K

Bitcoin is stabilizing around the 200-day moving average at $46,000 after a sharp selloff Tuesday. The ​cryptocurrency has been down about 10% over the past 24 hours as sellers control the $50,000 resistance zone.

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