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 Asia: Signs Point Upward for Crypto in India and South Korea; Bitcoin and Ether Soar on US Executive Order

India's finance minister says the country will launch a central bank digital currency sooner than she'd previously indicated; cryptos rise as investors view the Biden administration's executive order as a positive development.

Nirmala Sitharaman, India's finance minister (Narayan/Bloomberg via Getty Images)

Markets

Inflation, Tracked by Bitcoiners, Keeps Accelerating, and It Hasn't Even Peaked

The consumer price index, due out tomorrow morning, is expected to show inflation in February ticked up to 8% versus a year ago, a fresh four-decade high.

Inflation will be in focus this week. (Jeffrey Coolidge/Getty Images)

Videos

Where Is Bitcoin Price Headed After Biden’s Crypto Executive Order Announcement?

Damanick Dantes, CoinDesk markets reporter, joins “All About Bitcoin” to share his bitcoin price analysis following President Joe Biden’s executive order on cryptocurrency oversight. Dantes discusses the waning of BTC’s bearish sentiment and macro factors that can influence price volatility and highlighting the key support and resistance levels to watch.

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Markets

Market Wrap: Cryptos Rise After Biden's Executive Order; Sentiment Still Mixed

Option traders noticed a surge in demand for BTC volatility products.

(Andy Feliciotti/Unsplash)

Markets

Crypto Miners to Benefit From Biden’s Executive Order: Jefferies

The investment bank reiterated buy ratings for Argo Blockchain and Marathon Digital following Wednesday’s action by the White House.

A bitcoin mining facility. (Christinne Muschi/Bloomberg via Getty Images)

Layer 2

‘People Will Get Burned’: Matt Odell on the Long Road to Bitcoin Privacy

Privacy advocate and hardcore bitcoiner Matt Odell discusses CoinJoins, privacy coins and “canaries.”

(Majid Gheidarlou/Unsplash)

Opinion

Why Russian Sanctions Could Push Corporations Towards Crypto

The sudden disconnection of Russia from the global financial system is a moment for reflection. But economic fragmentation has a cost.

(Patrick Meinhardt/Bloomberg via Getty Images)

Markets

Bitcoin Enters Resistance Zone Between $40K-$45K

BTC appears to be overbought on intraday charts.

Bitcoin four-hour chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Videos

Market Rally as Biden Signs Crypto Executive Order

John Sarson, Sarson Funds CEO and founder, joins “First Mover” to provide his analysis on the current state of the crypto markets amid a recent price rally for cryptocurrencies.

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Finance

Miami Nightclub E11EVEN Rolls Out Crypto Division and 'Captain's Club' NFTs

The downtown Miami club is dancing deeper into crypto, partnering with Horizen Labs for the backend.

A performer dances from the ceiling at Miami's E11EVEN nightclub. (Eli Tan/CoinDesk)

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