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



Finance

BlackRock Received $100K Seed Funding for Spot Bitcoin ETF

The unknown seed investor agreed to purchase $100,000 shares on October 27, 2023, BlackRock’s latest filing reveals.

BlackRock's corporate office in New York, New York. (Jim.henderson/Wikimedia Commons)

Markets

Bitcoin Rally to $42K Fueled by 'Panic Buying,' Pushes Crypto Market Cap Over $1.5T

The combined market value of cryptocurrencies is the highest since May 2022, when Terra's collapse marked the beginning of the crypto winter.

Bitcoin price is up almost 6% over the past 24 hours (CoinDesk)

Markets

Michael Saylor's Bitcoin Bet Profit Tops $2B

MicroStrategy held nearly 175,000 bitcoins in its treasury as of the end of November.

MicroStrategy Executive Chairman Michael Saylor (Getty Images)

Videos

Bitcoin Extends Rally as $1B in BTC Withdrawals Suggests Bullish Mood

The case for a continued rally in bitcoin (BTC) has strengthened, with centralized exchanges recently witnessing a sizeable exodus of coins. Data from Glassnode shows just over 37,000 BTC, worth $1.4 billion, has been withdrawn from exchanges since Nov. 17 in a sign of investors taking direct custody of their coins. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Markets

First Mover Americas: Bitcoin Hits $42K for First Time in Over a Year

The latest price moves in crypto markets in context for Dec. 4, 2023.

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Consensus Magazine

Lisa Neigut: Reinventing Lightning to Reinvent Bitcoin

The Blockstream developer has been working on what she calls “Lightning v2” since 2019, and it’s poised to launch by year’s end.

Lisa Neigut (Mason Webb/CoinDesk)

Consensus Magazine

Casey Rodarmor: The Bitcoin Artist

His "Ordinals Theory," allowing data inscription on Bitcoin, generated a backlash from Bitcoiners who said it will ruin the network. But Rodarmor remains undeterred.

Casey Rodarmor, who shook up Bitcoin with Ordinals (Rhett Mankind)

Markets

Institutional Traders Split Between Bitcoin, Ether: Bybit Research

Numbers from the exchange show institutional traders largely ignored alternative cryptocurrencies in favor of perceived "safe" assets.

Institutional traders are more bullish on bitcoin than alternative cryptocurrencies. (Hans Eiskonen/Unsplash)

Markets

Bitcoin Market-Neutral Bets Offer 10% Return as BTC Tops $41K, Analysts Say

The "basis trade," a standout in the 2020/2021 bull market, is hinting at a resurgence, one observer said, referring to the rising futures premium.

BTC's price chart (CoinDesk/TradingView)

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