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

Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets

Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%.

(H. Armstrong Roberts/ClassicStock/Getty Images)

Markets

Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%

Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend.

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

Policy

As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks

Former President Donald Trump shared some more thoughts on his recent crypto crush, and the campaign for Kamala Harris responded as it often has: It shared Trump's own words.

Former President Donald Trump praised crypto again while Vice President Kamala Harris' campaign seemed to mock the comments. (Mornings With Maria, Fox Business)

Markets

Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood

Likely also hitting prices was the movement of nearly $2 billion of BTC and ETH in wallets linked with Genesis Trading.

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)

Markets

U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%

The price of bitcoin initially showed little reaction to the soft data even as traders quickly amped up bets on big Fed rate cuts in the second half of the year.

Instead of a gated community, think of your entry-level talent pool as a community garden where anyone can come and contribute. (Tim Mossholder/Unsplash, modified by CoinDesk)

Markets

First Mover Americas: BTC Warnings Finger Drop to $55K

The latest price moves in crypto markets in context for Aug. 2, 2024.

BTC price, FMA Aug 2 2024 (CoinDesk)

Finance

Hong Kong's Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."

Hong Kong (Dan Freeman/Unsplash)

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