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

IDX CIO on Selling Fully Out of Bitcoin Exposure

Quantitative asset manager IDX Digital Assets has sold all of its bitcoin holdings. IDX Chief Investment Officer Ben McMillan discusses why, citing news from China, global regulatory actions, and BTC’s speculative nature.

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Markets

Bitcoin, Gold Under Pressure as Dollar Tracks US Treasury Yields Higher

A sustained uptick in real or inflation-adjusted yields, not nominal yields, poses downside risk to bitcoin’s price.

Bitcoin's daily chart (TradingView)

Markets

Market Wrap: Bitcoin Traders Cautious After China Crypto Ban, DeFi Outperforms

Some traders are piling into DeFi tokens in the wake of the ban.

Bitcoin 24-hour chart (CoinDesk)

Videos

Interaxis Co-founder: Institutional Adoption of Crypto Is 'Just Not There'

Reacting to SkyBridge Capital founder Anthony Scaramucci saying institutional interest in crypto is weakening, Adam Blumberg, co-founder of financial advisor Interaxis, discusses why "institutional adoption is just not there." He adds most institutions are not ready for bitcoin, its volatility, its custody, or regulators. Plus, his views on the potential impact of China's crypto ban on the crypto markets, digital yuan, El Salvador's Bitcoin Law, and more.

Recent Videos

Videos

Crypto Funds Draw Most Inflows in 3 Weeks Despite China’s Crypto Crackdown

Crypto funds are drawing the most new money in three weeks, even amid China’s crackdown on cryptocurrencies. New data on weekly crypto asset flows reveals investors pumped $95 million into digital asset products last week, more than double the prior week. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Policy

3 Takes About China’s Crypto Ban That Are Wrong

Some common responses to China’s crackdown are missing key context.

An electronic screen displays the Hang Seng Index in the Central district of Hong Kong, China Monday, Sept. 20, 2021.

Videos

El Salvador Pres. Nayib Bukele: Almost a Third of Salvadorans Are Using the Bitcoin Wallet

Almost a third of Salvadorans, or roughly 2.1 million people, are actively using the El Salvador government-run bitcoin wallet Chivo less than a month after the country adopted the cryptocurrency as legal tender, President Nayib Bukele said in a tweet. "The Hash" team discusses the latest on the state of crypto affairs and bitcoin adoption in El Salvador.

Recent Videos

Markets

Bitcoin Above $42K Support, Resistance at $46K-$48K

Buyers could remain active at support level as the sell-off stabilizes.

Bitcoin four-hour price chart (CoinDesk, TradingView)

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