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

First Mover Americas: Bitcoin, as Safety Play, Climbs Past $28K

The latest price moves in crypto markets in context for March 20, 2023.

Bitcoin is reaching new highs for the year. (Jim Smithson/Getty Images)

Markets

Crypto Market Witnesses Odd Relationship Between Bitcoin, Ether Volatility Metrics

Bitcoin is in the spotlight as cracks emerge in the traditional banking system, one observer said, explaining the negative spread between ether and bitcoin implied volatility metrics.

(PublicDomainPictures/Pixabay)

Markets

Open Interest in Bitcoin Futures Hits Yearly High of $12B

An uptick in open interest alongside a price rally is said to confirm an uptrend.

La recuperación alcista de bitcoin logró que el interés abierto alcance máximos anuales. (Will Ess para Pixelmind.ai/CoinDesk)

Markets

Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin Tops $28K

The big move is aimed at avoiding a March 2020-like global dash for cash that saw investors sell everything, including bitcoin, for the U.S. dollar.

(Celyn Kang/Unsplash)

Markets

First Mover Asia: Bitcoin Hovers Over $28K Amid Banking Instability

ALSO: Bitcoin’s surge over the past week reflects a "flight to quality" but liquidity remains an issue.

(Tuomas A. Lehtinen/Getty Images, modified by CoinDesk)

Markets

Bitcoin, Ether Swing From Cold to Hot in Event-Filled Week

The two largest cryptocurrencies have risen 31% and 26%, respectively, even as bank failures, inflation concerns and ETH selling pressure have roiled traditional asset markets.

Lit Protocol has raised $13 million in a Series A round. (Pixabay)

Opinion

This Crisis Will Define the Future of Money

The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion, the echoes of crises in 2008 and 2013 are loud.

(dickcraft/CoinDesk)

Opinion

Bitcoin Is a Clear Winner of the U.S. Banking Crisis

The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk's George Kaloudis.

(Tuomas A. Lehtinen/Getty Images, modified by CoinDesk)

Markets

Crypto Derivatives Protocol Volmex Finance's Bitcoin and Ether Volatility Charts Now Live on TradingView

Integration with TradingView promises global exposure to Volmex's implied volatility indexes for bitcoin and ether.

Crypto traders can now analyze trends in Volmex's bitcoin and ether volatility indexes on TradingView's platform. (TradingView)

Markets

First Mover Americas: Bitcoin Busts Through $26K

The latest price moves in crypto markets in context for March 17, 2023.

Bitcoin's price will go up if the SEC approves spot bitcoin ETFs, Matrixport said. (Unsplash)

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