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



Tech

Rapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too

Federal Reserve Chair Jerome Powell says the speed of the Silicon Valley Bank run was “very different from what we’ve seen in the past.” However, Treasury Secretary Janet Yellen said she is not considering a "blanket" deposit guarantee.

Internet-era bank runs don't look anything like this. (National Archives via Wikipedia, modified by CoinDesk)

Markets

Bitcoin Sinks Below $27K as Federal Reserve, Powell Keep Focus on Inflation

The central bank confirmed most expectations with its decision to raise the interest rate by 25 basis points. Other major cryptos were largely in the red.

(Javier Ghersi/Getty Images)

Finance

Federal Reserve Hikes Rates by 25 Basis Points

Recent bank failures had market participants questioning if the U.S. central bank would follow through with its previous intention to further tighten monetary policy.

The Federal Reserve building in Washington, D.C. (Helene Braun/CoinDesk)

Finance

‘Smart Money’ Tools Reveal Where Crypto Capital Is Moving

Tools that track “whale activity” can provide real-time insight into how capital is moving in digital assets such as bitcoin and liquid staked ether and can inform investing decisions.

(Todd Cravens/Unsplash)

Markets

First Mover Americas: Bitcoin Traders Await Fed's Decision

The latest price moves in crypto markets in context for March 22, 2023.

Tokens de XRP aumentan tras la presentación de la CFCT contra el destacado exchange de criptomonedas Binance. (Jesse Hamilton/CoinDesk)

Markets

Bitcoin Holds Firm Above $28K, Equities Rise Amid Banking Sector Rebound

The FOMC will announce its next interest rate decision on Wednesday with markets betting squarely on a 25 basis point rate increase.

(Unsplash)

Markets

On-Chain Indicator Suggests Bitcoin, Ether Are Trading at a Discount

Traditionally, higher NVT ratios indicate that an asset is becoming more expensive, while lower NVT ratios indicate the opposite.

(Unsplash)

Opinion

Bitcoin and the Liquidity Question: More Complex Than It Seems

Monetary liquidity expectations is one driver moving crypto markets these days, though not in the way many think – even if easing is around the corner, liquidity is tight, says Noelle Acheson.

Federal Reserve Chair Jerome Powell (Anna Moneymaker/Getty Images)

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