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

Mt. Gox Postpones Repayment Deadline to 2025, Allaying Concerns of Bitcoin Selling Pressure

Crypto wallets linked to the defunct exchanges still hold $2.8 billion of bitcoin after having distributed about $6 billion worth of assets to creditors earlier this year.

By Krisztian SandorOct 11, 2024

Mt. Gox Creditor Kolin Burges confronts Former Mt. Gox CEO Mark Karpeles (CoinDesk)

Markets

MicroStrategy Soars to 25-Year High, With 'NAV Premium' the Widest Since 2021

The stock has gained 4% since bitcoin hit an all-time high in March, while bitcoin itself has declined 16%.

By James Van StratenOct 11, 2024

MicroStrategy executive chairman and co-founder Michael Saylor. (Danny Nelson/CoinDesk)

Markets

First Mover Americas: Bitcoin Trims Thursday's Inflation-Led Losses

The latest price moves in crypto markets in context for Oct. 11, 2024.

By Jamie Crawley, Omkar GodboleOct 11, 2024

Markets

Bitcoin on Track for Record Sideways Action, With Eyes on November Elections as Bullish Catalyst

Bitcoin's boring price action, characterized by continued accumulation by small investors, is being attributed to reasons including U.S. election uncertainty and an uptick in Treasury yields.

By Shaurya MalwaOct 11, 2024

Despite declining Wednesday, BTC may be in a potential upswing. (Luke Chui/Unsplash)

Markets

Bitcoin Favored Over Ether Even as Trump Widens Lead Over Harris

Ether traders display a stronger inclination to mitigate potential downside risks than bitcoin,

By Omkar GodboleOct 11, 2024

Markets

Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return

Trump's odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the broader crypto market is stagnant despite hopes of another round of stimulus in China.

By Shaurya MalwaOct 11, 2024