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



Opinion

Bitcoin Was a Winner During the U.S. Banking Crisis, but Illiquidity Prevents It From Being a USD Hedge

While capital flowed into bitcoin amid a period of uncertainty, the cryptocurrency’s fractured liquidity arguably played the largest role in its surge.

(Getty Images)

Markets

Bitcoin, Ether Prices Flatten During Week of Financial Turmoil

Despite banking unrest and increased regulatory scrutiny, bitcoin and ether were trading roughly where they started the week.

(Midjourney/CoinDesk)

Markets

Bitcoin Edges Below $28K as Investors Weigh Deutsche Bank Contagion Fears

But the largest cryptocurrency by market capitalization is still up about 16% in March. Ether dropped below $1,800.

(Jason Edwards/Getty Images)

Consensus Magazine

Bitcoin From Defunct BTC-e on the Move Again: Report

Someone is trying to cash out bitcoin from an exchange the U.S. shut down in 2017.

Alexander Vinnik (Shutterstock)

Opinion

Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.

(Too Big to Fail/ HBO Films)

Opinion

A Sudden Onset of Hyperinflation: What Will Happen to Bitcoin?

If the world is thrust into hyperbitcoinization – as Balaji Srinivasan predicts – before the ecosystem is ready, then even bitcoiners might not be in a position to use bitcoin.

Historic photograph of a German bank during a period of hyperinflation during the Weimar Republic. (Bain News Service/Wikimedia Commons, modified by CoinDesk)

Markets

Here's Why Crypto Traders Should Be Attentive to 'De-Inversion' of Treasury Yield Curve

The Treasury curve suggests the widely anticipated U.S. economic recession is near. Historically, the signal has brought pain to risk assets.

(ds_30/Pixabay)

Markets

First Mover Americas: Bitcoin Clings to $28K as Turbulent Week Draws to Close

The latest price moves in crypto markets in context for March 24, 2023.

(Unsplash)

Policy

El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations

The country in 2021 became the first nation to adopt bitcoin as legal tender.

El Salvador President Nayib Bukele (Getty Images)

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