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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Protocol Village: Lido Launches 'Simple DVT Module' With Distributed Validator Technology
The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 11-17.
Atmosphere

Bitcoin (BTC) price on April 17 (CoinDesk)
Bitcoin Tumbles Below $60K, Ether Under $3K; Correction Not Over, Says Strategist
Large bitcoin investors haven't started to buy the dip yet, suggesting that the correction may continue for a while, an LMAX Group strategist noted.
Bitcoin (BTC) price on April 17 (CoinDesk)

Focusing on user experiences might mean the end of tribalism in crypto, NEAR Foundation CEO Illia Polosukhin says. (Frederik Merten/Unsplash, modified by CoinDesk)
Why Bitcoin's 'Monetary Maximalists' Oppose 'JPEG Enjoyers' (and Why They're Wrong)
Those who want to prevent Ordinals, inscriptions and soon Runes from living on-chain are misguided. Bitcoin is about economic incentives only, not altruism, SunnySide Digital...
Focusing on user experiences might mean the end of tribalism in crypto, NEAR Foundation CEO Illia Polosukhin says. (Frederik Merten/Unsplash, modified by CoinDesk)

(sergeitokmakov/Pixabay)
First Mover Americas: BTC Post-Halving – Remember the Macroeconomy: Goldman Sachs
The latest price moves in crypto markets in context for April 17, 2024.
(sergeitokmakov/Pixabay)

A close-up of one of Riot's mining rigs. (Riot Blockchain)
Buy Bitcoin Miners' Stocks Ahead of the Halving, Bernstein Says
Bitcoin’s bullish trajectory is expected to resume after the halving once mining hashrates have adjusted to the lower rewards and ETF inflows resume, the report said.
A close-up of one of Riot's mining rigs. (Riot Blockchain)

(CoinDesk archives)
Goldman Cautions Against Extrapolating Previous Bitcoin Halving Cycles for Price Predictions
Bitcoin's fourth mining reward halving is just two days away.
(CoinDesk archives)

Ordinals and Runes creator Casey Rodarmor (rodarmor.com)
Runes, Casey Rodarmor's Protocol for 'Sh*tcoins' on Bitcoin, Set to Go Live at Halving
Rodarmor created last year's breakout Ordinals protocol, which is used to create non-fungible tokens (NFTs) on Bitcoin. Now, he says the relevance of protocols like his new Ru...
Ordinals and Runes creator Casey Rodarmor (rodarmor.com)

Inflows into the spot bitcoin ETFs have recently been unable to keep up with the still speedy pace of exits from Grayscale's Bitcoin Trust. (Jim Wilson/Unsplash)
Spot Bitcoin ETF Hype Dies Down, Normalcy Sets In
It's hardly unusual for ETFs of any ilk to go through periods of seeing no fresh money on a net basis, explained an analyst.
Inflows into the spot bitcoin ETFs have recently been unable to keep up with the still speedy pace of exits from Grayscale's Bitcoin Trust. (Jim Wilson/Unsplash)

(Ana Flávia/Unsplash)
What Bitcoiners Are Saying About the Upcoming Bitcoin Halving
Is the halving priced in or not? Will it disrupt the bitcoin mining industry? Or accelerate adoption? Here's what experts and community members are saying about the fourth — a...
(Ana Flávia/Unsplash)

(Lieve Ransijn/ Unsplash)
Is the Bitcoin Rally Over? Reasons to Stay Bullish on BTC Despite Correction
Bitcoin has pulled back more than 15% since hitting an all-time high one month ago, with some major altcoins nosediving 40%-50%, but "few understand how normal corrections lik...
(Lieve Ransijn/ Unsplash)