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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
Consensus 2021 Just Wrapped: Here's What We Learned
Consensus 2021 has come to a close, and the week has been jam-packed with significant bitcoin news, including Ray Dalio's bitcoin investment. At the same time, we learned that billionaire Carl Icahn wants to get into crypto "in a big way," but bitcoin's price has remained relatively stagnant throughout. "All About Bitcoin's" Week in Review panel discusses the highlights of Consensus 2021.
What Does Biden’s $6T Spending Plan Mean for Bitcoin?
Reports of President Biden’s $6 trillion spending plan were expected to give bitcoin’s price a bump, but the market is still flat. Is this a sign that “Crypto Winter” is upon us? “All About Bitcoin’s” Week Ahead panel discusses bitcoin’s stagnation and whether it indicates that the bear market is almost here.
Examining the ‘Consensus Bump’ Phenomenon
According to internal CoinDesk lore, the price of bitcoin jumps slightly before every annual Consensus conference. According to data from this year, it looks like the pattern held, but is it a real phenomenon or just a coincidence? “All About Bitcoin’s” host Christine Lee breaks it down in the Chart of the Day.
Bitcoin, Ether Down as Corrective Phase Continues
Bitcoin remains in a corrective phase under $40K. Is the sell-off over, or is there another drop on the horizon? Nicholas Pelecanos, head of trading at NEM, joins "First Mover" to weigh in. Plus, his thoughts on whether the drawdowns signal the end of the bull market.
Crypto Crimes Surge in Asia; Bitcoin Reasons for Divorce in South Korea
South Korea has lost $5 billion due to crypto-related crime over the past five years as fraud and scams surge across Asia. China’s Sichuan province looks to weigh the effects of a crypto mining ban on the region’s hydropower generation. Back in South Korea, crypto is becoming a reason for couples to get divorced. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
ARK Invest's Cathie Woods Blames Bitcoin's Drop on 'ESG Movement'
There is much speculation about what caused the recent drop in bitcoin's price. ARK Invest's Cathie Woods says she thinks the crash has more to do with the ESG investing movement and the ongoing environmental debate about crypto's energy usage. "The Hash" panel breaks down Woods' interview at Consensus 2021.
Crypto App Luno Forced to Take Down ‘Time to Buy’ Bitcoin Ads in UK
The U.K.’s advertising watchdog banned Luno’s prevalent “Time to Buy” bitcoin ad, calling it “misleading” and “irresponsible.” Is the ban warranted? “The Hash” panel debates.
Could Carl Icahn Be the Next Crypto Whale?
Billionaire investor Carl Icahn revealed that he’s studying bitcoin and crypto and may eventually put about $1 billion into the game. What led this notoriously anti-bitcoin investor to become crypto-curious? “The Hash” panel discusses.
Bitcoin Is Trading Sideways. What Comes Next?
Bitcoin’s price has been stuck below $40K for the past week. What bitcoin signals should crypto investors watch out for that suggests a bounce, or a further drop, is on the horizon? Galen Moore, CoinDesk’s director of data and indexes, weighs in on what data he is keeping his eye on.
Do Workers Really Want to Be Paid in Bitcoin?
The largest Dominos franchise in the Netherlands made headlines when it announced that it would offer employees the option to be paid in bitcoin. Some in the crypto sphere asked if this was a PR move, but Jonathan Gurevich, co-owner of Immensus Group, says he's only doing what his employees requested. He explains what it's like to pay staff in bitcoin and how crypto salaries can help spread adoption.