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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Ether's price slide (CoinDesk)
Ether, Altcoins Tank, With Bitcoin as Decoupling Narrative Goes Up in Smoke
Centralized liquidity appears to be dictating the market value of cryptocurrencies promising decentralization.
Ether's price slide (CoinDesk)

El Salvador (Esaú González/Unsplash)
El Salvador Plans to Offer Crypto-Based Loans for SMEs
The government will launch a first line of $10 million provided by the Solana-based lending platform Acumen in the first quarter of 2022.
El Salvador (Esaú González/Unsplash)

Bitcoin's price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index)
Bitcoin Dips Below $40K During Broader Asia Market Sell-Off
Ether, Solana and other layer 1-associated coins also slip during Asia trading day
Bitcoin's price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index)

(Hulton Archive/Getty Images)
First Mover Asia: Bitcoin, Altcoins Rise and Then Sink
The largest cryptocurrency by market capitalization plummets below $41,000 after rising earlier in the day.
(Hulton Archive/Getty Images)

Bank of Russia (Shutterstock)
Market Wrap: Bitcoin Rises Despite Russia's Proposed Crypto Ban
Traders appeared unfazed by Russia's proposal as bitcoin rose 3% over the past 24 hours.
Bank of Russia (Shutterstock)

Bitcoin four-hour price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)
Bitcoin Returns Above $43K; Resistance Near $45K-$48K
Oversold conditions are attracting short-term buyers.
Bitcoin four-hour price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

El Salvador's five-year credit default swap. (Bloomberg)
The 3 Reasons Behind Bitcoin-Holder El Salvador's Deteriorating Creditworthiness
President Bukele's bitcoin policy and hawkish Fed expectations are clouding the credit outlook.
El Salvador's five-year credit default swap. (Bloomberg)

(Ethan Miller/Getty Images)
First Mover Asia: Bitcoin Slides Under $42K; Altcoins Fall
Analysts are noting the correlation between sagging tech stocks and crypto.
(Ethan Miller/Getty Images)

(Michael Dziedzic/Unsplash)
Market Wrap: Bitcoin Stabilizes; Analysts See Relative Value in Altcoins
Bitcoin was roughly flat over the past 24 hours while trading activity in alternative coins increased.
(Michael Dziedzic/Unsplash)

(Oleksii Liskonih/iStock/Getty Images Plus, modified by CoinDesk)
A $4.2T Asset Manager Just Said Governments Will Buy Bitcoin
A look at the latest in the relationship between governments and crypto.
(Oleksii Liskonih/iStock/Getty Images Plus, modified by CoinDesk)