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



Finance

Microsoft Urges Shareholders to Vote Against a Proposal to Assess Bitcoin as a Diversification Investment: Filing

The proposal from the National Center for Public Policy Research, a conservative think tank, argues that bitcoin is an “excellent, if not the best, hedge against inflation.”

Microsoft Offices, Mountain View, Ca. (Getty/David Pu'u)

Markets

Bitcoin Climbs 3% to Retake $68K With Solana Outperforming, Ether Showing Relative Weakness

Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.

Bitcoin price action (CoinDesk)

Tech

Chainlink Expands to Bitcoin, Helping Original Blockchain With Its Layer-2 Shift

Chainlink's service is an integral part of most major blockchains but has not featured on Bitcoin until now.

Chainlink co-founder Sergey Nazarov speaks at the project's SmartCon conference in Barcelona. (Chainlink)

Tech

Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi

The goal is to create trust-minimized bridges between itself and other layer-1 blockchains, according to the abstract of a new "vision paper" shared with CoinDesk.

BOB team (BOB)

Markets

First Mover Americas: BTC Rebounds to $67K After Subdued U.S. Economic Data Reading

The latest price moves in crypto markets in context for Oct. 24, 2024.

BTC price, FMA Oct. 24 2024 (CoinDesk)

Markets

Solana Looks Overbought Against Ethereum; Bitcoin-Gold Ratio Stuck in a Downtrend

The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.

The RSI shows overbought conditions. (TradingView/CoinDesk)

Markets

Gold Rally Needs to Pause for Bitcoin Price to Break All-Time High, Data Suggests

In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.

Gold (Credit: Shutterstock)

Markets

Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains

Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.

16:9 Market decline (Mediamodifier/Pixabay)

Markets

Institution Takes $25M Hedge Bet on Derive's Bitcoin Options Market as U.S. Election Looms

The strategy will profit most if BTC rises to $80,000 by the end of November.

Donald Trump and Kamala Harris on screen at a Presidential debate. (Kevin Dietsch/Getty Images)

Markets

Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts

Beige Book bolsters hope for quarter-point Fed rate cuts in November and December.

BTC's price chart. (CoinDesk/TradingView)

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