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



Videos

Bitcoin Nears its First Weekly Chart 'Death Cross'

The cryptocurrency's 50-week simple moving average (SMA) is falling fast and looks set to cross below the 200-week SMA for the first time on record. According to technical analysis theory, the bearish intersection of the two averages often referred to as the death cross, means the market is about to head into a tailspin. Path Trading Partners co-founder and Chief Market Strategist Bob Iaccino weighs in.

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Markets

First Mover Americas: Crypto Auditing Hits Snag

The latest price moves in crypto markets in context for Dec. 16, 2022.

Accounting firm Mazars, which did a "proof-of-reserves" audit for crypto exchange Binance, is pausing its auditing work for crypto clients. (CoinDesk archives)

Markets

Bitcoin, Ether Slip as Audit Firm Mazars Pauses Work for Crypto Clients; S&P Futures Drop

Bitcoin outperformed ether and BNB as Mazar's decision to suspend crypto audit work and Binance fears weighed over the crypto market.

Ether's price chart (CoinDesk, Highcharts.com)

Markets

Bitcoin Few Weeks Away From Its First Weekly Chart 'Death Cross'

Bitcoin has never seen a death cross on its weekly chart before and the ominous-sounding indicator has a bad reputation of trapping sellers on the wrong side in traditional markets.

(PublicDomainPictures/Pixabay)

Markets

First Mover Asia: Active Crypto Developers Decreased Nearly 60% in 2022

Despite the decline over the past year, about 1,600 developers are still active in building the top blockchains and decentralized applications during this bear market.

Crypto carnage could be warning sign for equities (Getty Images)

Markets

Crypto Markets Today: Archblock Attempting to Bring US Banks to DeFi; Bitcoin and Ether Stall

Archblock's plan comes at a precarious time, with undercollateralized lending protocols grappling with loan defaults across the board.

Piggy bank bent forward change money coins (Andre Taissin/Unsplash, modified by CoinDesk)

Videos

Examining Bitcoin's Correlation With Inflation

Bitcoin closely tracks inflation expectations and appears to be negatively correlated to core CPI, real estate prices and M2 money-supply changes. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Markets

Crypto Markets Analysis: Bitcoin and Ether Stall Following Chair Powell’s Sobering Tone

Funding rates for bitcoin and ether take different routes for the moment.

Los mercados de criptomonedas podrían estar recibiendo una dosis temprana de la medicina de la Fed. (Christine Sandu/Unsplash)

Videos

Bitcoin Below $18K After Interest Rate Hikes in US and UK

Bitcoin (BTC) is trading at $17,500 following interest rate hikes of 50 basis points by the Bank of England and the U.S. Federal Reserve. Opimas LLC CEO and founder Octavio Marenzi joins “First Mover” to discuss the crypto price actions. Plus, why the bankrupt crypto exchange FTX is now a “lost cause.”

Recent Videos

Markets

Perplexing Tranquility? Bitcoin's Implied Volatility Hits Lowest Since October 2020

Bitcoin's volatility will continue to drop as the economic backdrop improves and the market becomes resilient to the negative FTX headlines, one observer said.

Una calma inusual está invadiendo al mercado de bitcoin. (Stephanie Klepacki/Unsplash)

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