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



Markets

Fed Announces Biggest Interest Rate Hike in 28 Years; Bitcoin Gains

"The labor market is extremely tight, and inflation is much too high," said Chair Jerome Powell.

Federal Reserve Chair Jerome Powell takes questions Wednesday on the Fed's latest rate hike decision. (Federal Reserve via YouTube)

Markets

Bitcoin cae a $20K en medio de riesgos de efecto cascada entre mercados cripto

El activo se acerca a un nivel de precio que no se veía desde 2020, a la vez que importantes empresas del sector registran potenciales insolvencias.

Monedas. (Adam Gault/Getty Images)

Videos

Tron Bolsters Reserve Again; Fed Decision Market Wobbles

$500 million in USDC added to Tron DAO USDD reserve. Coinbase cuts nearly a fifth of its workforce. Michael Saylor, Microstrategy stick to their guns on Bitcoin. Crypto market braces for U.S. Federal Reserve rate decision. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Finance

Celsius Troubles, UST Collapse May Help Crypto Long Term, FSInsight Says

The firm sees good buying opportunity now for bitcoin.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Markets

Bitcoin Drops Toward $20K Amid Contagion Risks in Crypto Markets

The asset is nearing a price level not seen since 2020 as prominent crypto firms see possible insolvencies.

Monedas. (Adam Gault/Getty Images)

Markets

First Mover Asia: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle

The largest digital asset by market cap could dip below $20,000 in the near future and is unlikely to rebound until macroeconomic conditions improve; bitcoin and ether are down in Tuesday trading.

The bear market in crypto continued, but better times don't seem so long ago.(Johnny Johnson/Getty Images)

Markets

Market Wrap: BTC Tumbles Further Ahead of Fed Meeting; Extreme Fear Among Traders

Bitcoin hovered around $22,000, down about 5% over the past 24 hours.

(Jan Baborák/Unsplash)

Markets

Con la caída del mercado, El Salvador registra pérdidas por $52 millones en tenencias de bitcoin

El país ha invertido $104 millones en bitcoin desde que esa criptomoneda se convirtió en moneda de curso legal, en septiembre.

El Salvador President Nayib Bukele has reportedly targeted journalists with spyware. (Michael Nagle/Bloomberg via Getty Images)

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