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

Uptrend in Bitcoin's Dominance Rate Threatened by Fed Rate Cut Cycle, Crypto Asset Manager Says

Per SwissOne Capital, the BTC dominance rate and the U.S. interest are positively correlated.

(sergeitokmakov/Pixabay)

Markets

Bitcoin Dips Below $61K, Ether Slips 3% as Some PlusToken China Ponzi-Related Coins Moved to Exchanges

One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.

Bitcoin price on 10 09 (CoinDesk)

Videos

Uptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions

Stablecoin market capitalization has jumped to $169 billion led by USDT and USDC. Plus, on-chain analytics firm Santiment reported a bump in whale transactions on the Bitcoin network. Could stablecoin liquidity and rising transaction volume be the catalyst for bitcoin's next price surge? CoinDesk's Christine Lee presents the "Chart of the Day."

Recent Videos

Tech

Protocol Village: Fuse, Layer-1 Chain Focused on Payments, Introduces 'Charge' for Merchants

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 3-9.

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

Markets

First Mover Americas: Crypto Market Muted After HBO Satoshi Reveal Falls Flat

The latest price moves in crypto markets in context for Oct. 9, 2024.

BTC price, FMA Oct. 9 2024 (CoinDesk)

Markets

Whale Alert: $1M BTC Trade Bets on Volatility Expansion Outside $53K-$87K Range

A long straddle involving the November expiry $66,000 call and put options crossed the tape on Deribit early Wednesday.

(Enlightening_Images/Pixabay)

Markets

Record Stablecoin Liquidity, Spike in BTC Transactions Could Fuel Bitcoin Price Surge

Most crypto spot and futures trading are conducted against stablecoin pairs - and an increase signals capital parked on the sidelines to deploy on favorable catalysts.

A rocket launching. (United Launch Alliance / U.S. Air Force)

Markets

Bitcoin Trapped Between 50 and 200-Day Averages as Bond Market Volatility Spikes, China Stocks Slide

The MOVE index, which measures expected volatility in U.S. Treasury notes, spiked to the highest since January, hinting at tighter financial conditions ahead.

Dry, leave (Alexis/Pixabay)

Markets

Bitcoin Wavers at $62K Amid Major Swings in Stocks, Gold; Memecoins Falter as Profit-Taking Sets In

Traditional risk assets like stocks surged while gold and oil tumbled, but cryptos didn't get the memo.

Risks of a deeper pullback are growing for BTC (mana5280/Unsplash)

Finance

Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs

"Of course I'm not Satoshi," Todd told CoinDesk Tuesday, saying that filmmaker Cullen Hoback was "grasping at straws."

Former Bitcoin developer Peter Todd, left (HBO)

Pageof 865