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



Policy

EU's Sweeping Crypto Regulations Package One Step Closer to Ratification

The proposed MiCA framework was voted through without a contentious provision seeking to limit the use of proof-of-work crypto.

(Getty Images)

Videos

How the Russia-Ukraine War Could Lead to a New Monetary System

With most of the world imposing economic and trade sanctions against Russia for their actions in Ukraine, Credit Suisse strategist Zoltan Pozsar believes that this could be the catalyst for an “outside money” financial system. “The Hash” crew discusses bitcoin as a competitive currency to the dollar and the potential for a new monetary system.

Recent Videos

Finance

Crypto Funds See Their First Outflows in 7 Weeks: CoinShares

Both bitcoin and ether vehicles saw a sizable exit of money, according to the report.

(Mike Kemp/Getty images)

Markets

Bitcoin Below $39K After EU Vote on Crypto Regulation

The cryptocurrency was little changed Monday and is up 2% over the past week.

Bitcoin was little changed Monday and is up 2% for the day.

Markets

Bitcoin Range-Bound Above $35K-$37K Support; Resistance at $40K

The sideways price range could result in higher volatility over the next two weeks.

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

Layer 2

Ukrainian Crypto Entrepreneur: Bitcoin Is a Lifeline

“These are young people with burning eyes, sitting at their computers around the clock to save their state.”

(Alex Obchakevich/Instagram)

Videos

Can the Metaverse be Regulated? What Crypto Community’s Reaction to Biden’s Executive Order Tells Us

The former chairman and CEO of Walt Disney Bob Iger is getting into the metaverse business by investing in Web 3 company Genies. Bradley Tusk, Tusk Venture Partners co-founder and managing partner, joins “First Mover” to explain how policies from Web 2 could shape regulation in the metaverse as institutional interest continues to grow.

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Policy

Proposal Limiting Proof-of-Work Is Rejected in EU Parliament Committee Vote

The provision could have required cryptocurrencies like bitcoin to shift to more environmentally friendly mechanisms.

European Parliament. (Shutterstock)

Videos

Huobi Global Exec On BTC Price and Ambitions for US Services

Jeff Mei, director of global strategy for crypto exchange Huobi Global, shares his analysis on the current state of the crypto markets as bitcoin’s price jumps amid geopolitical tensions and rising U.S. inflation. Mei also discusses the company’s strategy for handling China’s crypto regulations, and Huobi’s plans to enter U.S. markets through institutional financial services.

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Finance

First Mover Americas: Bitcoin's Price Bounce Stalls as 10-Year Yield Hits 32-Month High

The latest moves in crypto markets in context for March 14, 2022.

(Getty Images/iStockphoto)

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