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



Finance

Commonwealth Bank's Crypto Services Face Regulatory Delays: Report

The Australian bank was testing a program that allowed customers to hold and use crypto on its app.

Melbourne city at night (James O'Neil/ Getty Images)

Finance

Blockchain-Exposed Stocks Could Show Massive Sales Growth Despite Recent Underperformance, Goldman Says

Bitcoin has become more correlated with equity index returns in recent months, the bank’s analysts said.

(Daniel Acker/Bloomberg via Getty Images)

Markets

First Mover Asia: South Korea's 'Kimchi Premium' Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty

The gap between bitcoin prices on Korean crypto exchanges and global counterparts has declined from 20% to about 3% over the past year; bitcoin and ether tumbled.

The so-called kimchi premium has evaporated. (Shutterstock)

Videos

What BTC's Average Historical Returns Reveals About Price Action

CoinDesk Markets Analyst Damanick Dantes discusses his bitcoin analysis and outlook, breaking down the latest data on BTC's average historical returns. Plus, the impact of the Federal Reserve's rate hike policy on the crypto markets and why bitcoin's dominance has been rising recently. 

Recent Videos

Videos

BTC Drops to $42K Resistance as Bond Yields Rise

The hourly and daily charts for bitcoin’s price action reveal a possible bearish sentiment in the crypto markets. Support is at just under $42,000, identified by the 50-day average. Plus, how is Federal Reserve policy impacting the price of BTC? “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”

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Markets

Market Wrap: Altcoins Underperform as Traders Reduce Risk

BTC and stocks traded lower after Federal Reserve minutes signaled aggressive monetary tightening could be coming.

Bitcoin daily price chart (CoinDesk)

Videos

US Sanctions Russian Darknet Marketplace Hydra

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russia-based darknet market Hydra, following Germany’s seizure of $25 million worth of bitcoin (BTC) from the market. “The Hash” group discusses Hydra becoming the world’s largest marketplace for illicit activity and the role of dark markets in the broader crypto space.

Recent Videos

Markets

Bitcoin Extends Pullback Toward $40K-$43K Support

BTC broke below a monthlong uptrend.

Bitcoin daily chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Finance

El Salvador President Nayib Bukele Calls Off Bitcoin 2022 Conference Appearance

Bukele had previously teased he would be making an important announcement at this year’s conference.

Nayib Bukele, President of El Salvador (Michael Nagle/Bloomberg/Getty Images)

Videos

Crypto Markets Dip Despite LFG’s $230M BTC Purchase

JST Capital Partner & Co-Founder Scott Freeman discusses why digital assets are trading lower today despite the Luna Foundation Guard’s recent purchase of $230 million worth of bitcoin. Plus a conversation on macro factors including Treasury Secretary Janet Yellen’s upcoming speech on cryptocurrency and the ongoing war between Russia and Ukraine.

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