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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Grayscale CEO Michael Sonnenshein (CoinDesk archives)
Grayscale’s New Venture Aims to Capture Bear Market Opportunities in Bitcoin Mining
Digital asset mining and staking infrastructure firm Foundry,will manage the day-to-day operations of Grayscale’s new co-investment vehicle
Grayscale CEO Michael Sonnenshein (CoinDesk archives)

Hong Kong (Shutterstock)
First Mover Asia: BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns
The crypto exchange leased out a full floor of the prestigious Cheung Kong Center in 2018 but now relies increasingly on remote work. BitMEX’s largest office is now in Singapo...
Hong Kong (Shutterstock)

The price of BTC and ETH flattened. (Nadya Spetnitskaya/Unsplash)
Market Wrap: Crypto Markets Flatten as Latest Employment Data Throws a Setback for Inflation Hawks
Crypto markets remain fretful about any suggestion the economy is not slowing enough to staunch rising prices.
The price of BTC and ETH flattened. (Nadya Spetnitskaya/Unsplash)

'Rektober' or 'Rocktober' For Bitcoin Ahead?
‘Rektober’ or ‘Rocktober’ For Bitcoin Ahead?
Despite ample turmoil in financial markets over the past couple months, bitcoin has stayed remarkably resilient. StockCharts.com Senior Technical Analyst Julius de Kempenaer d...
'Rektober' or 'Rocktober' For Bitcoin Ahead?

Interest Surges in Bitcoin Speculation; MENA Was Fastest-Growing Crypto Market: Chainalysis
Interest Surges in Bitcoin Speculation; MENA Was Fastest-Growing Crypto Market: Chainalysis
Open interest in bitcoin perpetual swaps has spiked to an all-time high. Plus, the Middle East and North Africa (MENA) region was the fastest-growing market for crypto adoptio...
Interest Surges in Bitcoin Speculation; MENA Was Fastest-Growing Crypto Market: Chainalysis

October Gains in Bitcoin Erase September's Loss
October Gains in Bitcoin Erase September’s Loss
Despite ample turmoil in financial markets over the past couple months, bitcoin (BTC) is staying remarkably resilient. Bitcoin slid 2.5% in September, while it has climbed ove...
October Gains in Bitcoin Erase September's Loss

(Mario Tama/Getty Images)
Crucial US Jobs Report Could Test Fed's Resolve, Bitcoin's Resilience
Friday's report from the U.S. Labor Department on nonfarm payrolls is expected to show an addition of 250,000 jobs in September, a slowdown from the 315,000 reported for Augus...
(Mario Tama/Getty Images)

Open interest in bitcoin perpetual swaps spiked to an all-time high of 450,000 BTC on Tuesday. (Arcane Research)
Interest Surges in Bitcoin Speculation, But It Might Be Bearish
Open interest in bitcoin perpetual swaps – a type of leveraged trading contract in cryptocurrency markets – has spiked to an all-time high.
Open interest in bitcoin perpetual swaps spiked to an all-time high of 450,000 BTC on Tuesday. (Arcane Research)

Bitcoin Hovers Around $20K as US Stock Futures Drop After 2 Days of Big Gains
Bitcoin Hovers Around $20K as US Stock Futures Drop After 2 Days of Big Gains
Bitcoin (BTC) is hovering around $20,000 as investors grow optimistic about a Fed pivot narrative. Wave Financial Managing Director Nauman Sheikh says investors are “coming up...
Bitcoin Hovers Around $20K as US Stock Futures Drop After 2 Days of Big Gains

Bitcoin Hovers Close to $20K Amid 'Uptober' Optimism
Bitcoin Hovers Close to $20K Amid ‘Uptober’ Optimism
Despite ample turmoil in financial markets over the past couple months, bitcoin has stayed remarkably resilient. Wave Financial Managing Director Nauman Sheikh shares insights...
Bitcoin Hovers Close to $20K Amid 'Uptober' Optimism