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

Bitcoin, Ether in the Green as Global Easing Cycle Begins

Over $100 million in bitcoin and ether shorts have been liquidated over the past 24 hours.

(CoinDesk Indicies)

Videos

How BlackRock’s New Fund on Ethereum Got a Very Crypto Welcome

Carlos Domingo, founder and CEO of Securitize, gives the scoop on why Blackrock’s new fund had to launch early and has a suggestion for how to handle dustings of Tornado Cash ETH.

Unchained

Finance

Cathie Wood Calls Bitcoin a ‘Financial Super Highway,’ Reiterates $1.5M Price Target

The Ark Invest CEO said the firm has been looking closely at emerging markets, where use cases of the digital asset make her believe that bitcoin is partly a risk-off asset.

Ark Invest CEO Cathie Wood

Markets

Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue

U.S.-listed spot bitcoin ETFs are poised for their first week of net negative flows since late January.

Bitcoin price on March 22 (CoinDesk)

Finance

BlackRock Seeing Only 'A Little Bit' of Demand for Ethereum from Clients, Head of Digital Assets Says

Robert Mitchnick, the asset manager's head of digital assets, said that there's a misconception that BlackRock will have a "long tail" of other crypto services.

(Jim Henderson, modified by CoinDesk)

Opinion

El Salvador Doubles Down on Bitcoin

The country is setting a precedent for others to follow, Moonwalker Capital Tatiana Koffman writes.

El Salvadoran President Nayib Bukele. (Government of El Salvador, modified by CoinDesk)

Markets

First Mover Americas: Fantom’s FTM Outperforms Market Ahead of Upgrade

The latest price moves in crypto markets in context for March 22, 2024.

A user examines prices on a mobile phone while looking at a graph on a laptop

Markets

Bitcoin Remains Overbought Despite Recent Correction, JPMorgan Says

The pace of net inflows into spot bitcoin ETFs has slowed considerably, with a significant outflow recorded in the past week, the report said.

a cleaver chops a lemon in half

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