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

Tesla Did Not Buy or Sell Any Bitcoin in the Fourth Quarter

The company reported $34 million in impairment charges to its bitcoin holdings, however.

Tesla sold over $900 million in bitcoin during its second quarter. (Blomst/Pixabay)

Markets

Crypto Markets Analysis: Derivatives Markets Signal Continuation of Bullish Sentiment

Bitcoin’s term structure shows buying pressure in futures contracts

(Getty Images)

Tech

'Bitcoin Jesus' Says He Has the Money to Pay Ailing Crypto Lender Genesis

Roger Ver, an early Bitcoin advocate who now advocates for the Bitcoin Cash blockchain, has been accused in court by Genesis of failing to settle cryptocurrency options, with $20.9 million of damages sought.

Roger Ver (YouTube screenshot)

Markets

Bank of Canada Signals Pause to Rate Hike Cycle

Bitcoin is mostly ignoring the news, but it's a potentially bullish sign.

Time on clock stop by nail delay concept

Markets

First Mover Americas: Did Binance Make Honest Error With Customers' Funds?

The latest price moves in crypto markets in context for Jan. 25, 2023.

Logo de Binance. (Unsplash)

Markets

Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival

The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January, and the Fed plans slower rate increases in coming months.

(Cheyenne Ligon/CoinDesk)

Markets

First Mover Asia: Bitcoin Seesaws Above and Below $23K Again

The largest cryptocurrency has been holding steady near this threshold as investors remain hopeful about inflation and the economy.

Blockchain is at a pivot moment, said CMCC Global's Charlie Morris. (Pascal Bernardon/Unsplash)

Markets

Crypto Markets Today: Bitcoin Moves Sideways at $23K

Also: Binance mixed customer funds with B-Token collateral "by mistake." Equities closed mixed.

(Midjourney/CoinDesk)

Tech

Wasabi Wallet Will Pay You to 'Crack' a Bitcoin Wallet

The challenge is part of a week-long educational game that has received support from 12 major partners, including Blockstream, Trezor, BTCPay and others.

(DALL-E/CoinDesk)

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