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Bitcoin
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
Chart Analysts Say Bitcoin at Risk of Deeper Pullback Toward $20K
Bitcoin's (BTC) recent technical failure at key price resistance has raised the risk of a deeper pullback, according to analysts studying price charts. The leading cryptocurrency's upswing has recently stalled, with prices failing to crack resistance at $25,200, which capped the August bounce. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."
Bitcoin Core Developer Luke Dashjr Calls Out Unauthorized Ordinal NFT With His Name
Luke Dashjr, one of Bitcoin's core developers, is disavowing an auction for a Bitcoin-native Ordinal NFT that incorporated some of the code he contributed to the digital asset protocol. "The Hash" panel discusses the latest in the Ordinals movement dividing the crypto community.
Bitcoin Hovers Around $23K
Hashdex Head of U.S. and New Markets Bruno Ramos de Sousa discusses his outlook for bitcoin (BTC) as the largest cryptocurrency by market cap hovers around $23,000 amid continued crypto contagion fears and increased regulatory scrutiny. Plus, what he's seeing in retail vs. institutional activity and why next year's Bitcoin halving could be a catalyst for an upcoming bull cycle.
The State of Bitcoin Development in 2023
Last month, Bitcoin developer James O'Beirne sounded the alarm: the dominant blockchain might lose some very talented contributors if someone doesn’t step up to pay them for their work. CoinDesk's Editor at Large, Christie Harkin, discusses the latest developments.
Developers Forking Bitcoin Ordinals to Give Litecoin Network Its First NFTs
Developers are forking Bitcoin ordinals to give older proof-of-work networks such as Litecoin their first set of non-fungible tokens (NFTs). "The Hash" panel discusses what this suggests about the impact of the Ordinals movement on the wider crypto ecosystem.
