Bitcoin

CoinDesk placeholder image

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


Read less...


(Shutterstock)
Bitcoin Surge Parallels Price Movement in 2019: Analyst
Vetle Lunde, who last week predicted bitcoin would reach $45,000 in May, said markets seem to have stabilized as “rotten fruits” have been washed out of the industry.
(Shutterstock)

Michael Saylor at the Bitcoin 2021 Convention (Joe Raedle/Getty Images)
MicroStrategy’s Saylor Integrates Bitcoin Lightning Address Into Corporate Email
The Lightning Address protocol allows users to send bitcoin over the Lightning Network to a wallet identifier resembling a conventional email address.
Michael Saylor at the Bitcoin 2021 Convention (Joe Raedle/Getty Images)

Bitcoin's price chart showed that the cryptocurrency price dropped on Monday. (CoinDesk)
Bitcoin Sinks Below $30K Amid Dollar Jump, Mixed Q1 Earnings
BTC dropped as low as $29,292 on Monday before slightly rebounding. The surge from $28,000 last week was “largely untested,” one analyst says.
Bitcoin's price chart showed that the cryptocurrency price dropped on Monday. (CoinDesk)

(CoinShares)
Crypto Investments Report Positive Flows for Fourth Consecutive Week: CoinShares
Bitcoin-related products took the majority share, totalling $104 million of the $114 million inflow total.
(CoinShares)

(Shutterstock)
CME to Add Daily Expirations on Bitcoin and Ether Futures Options Contracts
Contracts on micro-sized BTC and ETH futures will also have daily expirations, up from three times a week now.
(Shutterstock)

Cryptocurrencies dropped slightly on Monday. (CoinDesk Indices)
Bitcoin, Ether See Bull Breather as Higher Bond Yields Support Dollar
"We would consider taking some profits as the crypto market is showing exuberant signs," one observer said.
Cryptocurrencies dropped slightly on Monday. (CoinDesk Indices)

Ether, the native token of the Ethereum blockchain, is trading above $2,000.
First Mover Americas: Ether Holds Above $2K
The latest price moves in crypto markets in context for April 17, 2023.
Ether, the native token of the Ethereum blockchain, is trading above $2,000.

(Rachel Sun/CoinDesk)
Fedi Gives Bitcoiners a Community Custody Option
For most people, crypto custody comes down to the choice of holding their own keys or giving them to an exchange. Fedi offers an intriguing third way – to share the burden wit...
(Rachel Sun/CoinDesk)

(Rachel Sun/CoinDesk)
Jack Mallers' Strike Service, Send Globally, Tackles Bitcoin-Fiat Remittances
The new Lightning-based service gives foreign workers a new way to send their pay back home quickly and cheaply. That’s why Send Globally is one of CoinDesk’s Projects to Watc...
(Rachel Sun/CoinDesk)

(Rachel Sun/CoinDesk)
Gridless Is Extending Power to Rural Africa
Bitcoin mining has a dirty reputation for using more energy than some small countries. But African cryptominers have found a way to use their consumption to keep the lights on...
(Rachel Sun/CoinDesk)