Bitcoin

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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


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(TradingView)
Bitcoin Flash Crashed to $8.9K on BitMEX
Large sell orders worth $55.49 million drove bitcoin’s price down to $8,900 on BitMEX. The overnight crash was short-lived.
(TradingView)

Scene from Protocol Village at Consensus 2023 in Austin, Texas.
Protocol Village: JDI Ventures Invests $10M in DePIN-Focused MXC
The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 14-March 20.
Scene from Protocol Village at Consensus 2023 in Austin, Texas.

(Nikoli Afina/Unsplash)
Is Toxic Bitcoin Maximalism Getting Less Toxic?
As BTC gets Wall Street approval and developers build new applications on the network, bitcoiners are ditching some of their previous siege mentality.
(Nikoli Afina/Unsplash)

Graph superimposed over a markets monitor
Bitcoin Correction May Continue if ETF Inflows Disappoint in Next Few Days: 10x Research
Bitcoin ETF inflows on Monday and Tuesday will be the "real test" for what's next for the largest crypto asset's price, Markus Thielen wrote.
Graph superimposed over a markets monitor

San Salvador, El Salvador (Oswaldo Martinez/Unsplash, modified by CoinDesk)
Where Is Nayib Bukele Actually Storing El Salvador's Bitcoin?
Last week, the sats stacking president of the "Land of Many Volcanoes" announced he was moving thousands of the country's BTC into a bitcoin "piggy bank."
San Salvador, El Salvador (Oswaldo Martinez/Unsplash, modified by CoinDesk)

Binance CEO Richard Teng in an interview at the Financial Times'  Crypto and Digital Assets Summit in London. (CoinDesk/Lyllah Ledesma)
Binance CEO Richard Teng Sees Bitcoin Crossing $80K by Year End
Richard Teng replaced Binance founder Changpeng Zhao (CZ) as the new CEO of the crypto exchange in November 2023 after the latter resigned as part of a $4.3 billion settlement...
Binance CEO Richard Teng in an interview at the Financial Times'  Crypto and Digital Assets Summit in London. (CoinDesk/Lyllah Ledesma)

Standard Chartered raised its year-end BTC price forecast by 50%. (Shutterstock)
Standard Chartered Raises Year-End BTC Forecast to $150K, Sees 2025 High of $250K
The bank also predicted that approval of an ether ETF could be expected on May 23, leading to as much as $45 billion of inflows in the first 12 months and ETH climbing to $8,0...
Standard Chartered raised its year-end BTC price forecast by 50%. (Shutterstock)

Social media icons juxtaposed on a keyboard. (Anna/Pixabay)
SOL, BOME Trend on Social Media as Ether, Bitcoin Lag
Increased crowd chatter may be a sign of an impending retail investor frenzy.
Social media icons juxtaposed on a keyboard. (Anna/Pixabay)

Jakarta, Indonesia
Indonesia’s Crypto Market Booms as Transactions Hit $1.92B in February
The country's registered crypto investors also surged to 19 million users last month.
Jakarta, Indonesia

Craig Wright heading to COPA trial on March 1  (Camomile Shumba/CoinDesk)
What Happens Next in COPA vs Craig Wright Trial is Down to the Judge
The Crypto Open Patent Alliance is seeking several court injunctions against Wright.
Craig Wright heading to COPA trial on March 1  (Camomile Shumba/CoinDesk)