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 Surges as Bank Client Rescue Eases Contagion Fears, Fuels Hopes for Fed Dovishness; Binance's $1B Conversion Helps, Too

Investment banking giant Goldman Sachs analysts have predicted the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22, according to a report.

(Timon Studler/Unsplash)

Opinion

Bitcoin Was Built for This Moment

Amid a U.S. banking crisis, value is flowing into bitcoin. Is this the beginning of the “Great Reset?” investor and author Tatiana Koffman asks.

Author and investor Tatiana Koffman is just one among many who have turned to bitcoin amid a plague of bank runs – possibly the beginning of what she has described as the "Great Reset." (K8/Unsplash)

Markets

Crypto Fund Outflows Hit Record Weekly Level

The outflows rose for a fifth consecutive week, according to a CoinShares report.

(CoinShares)

Markets

Bitcoin Surges 18% to Above $24K

Some $160 million in short positions have been liquidated on Monday.

Crypto prices rallied on Friday (Gerd Altmann/Pixabay)

Markets

MicroStrategy and Marathon Digital Lead Bounce for Crypto-Related Stocks

The government's weekend backstop of depositors at failed lenders Silicon Valley Bank and Signature Bank sent bitcoin above $22,000.

(Gerd Altmann/Pixabay)

Markets

First Mover Americas: Bitcoin Gains as FDIC Steps In for Silicon Valley Bank

The latest price moves in crypto markets in context for March 13, 2023.

(Provided)

Markets

Bitcoin, U.S. Stock Futures Erase Early Gains as First Republic Bank Tanks 50% in Premarket Trading

Risk assets pared gains while bond yields tanked as emergency measures announced by U.S. authorities failed to assuage investor fears about banking sector problems.

Bitcoin baja hasta US$22.000 mientras que los futuros de las acciones eliminan las primeras ganancias. (CoinDesk/Highcharts.com)

Markets

Silicon Valley Bank Crisis a 'Cyprus Moment' for Bitcoin: Crypto Observers

The Fed's aggressive rate hikes and balance sheet reduction have caused an historic bank failure, fashioning a real-time ad for bitcoin self-custody, observers said.

Bitcoin has risen over 15% since regulators shut down Silicon Valley Bank. (CoinDesk/Highcharts.com)

Markets

First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K

Since September 2021 the growth in cash assets in small bank balance sheets has turned negative.

(Smith Collection/Gado/Getty Images)

Markets

USDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year High

While the Coinbase premium is usually taken to represent stronger buying pressure from U.S. investors, that's probably not the case this time.

Bitcoin's Coinbase Premium Index (CryptoQuant)

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