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

Profit Booking in Bitcoin, Ether After Biden Issues Crypto Order

Bitcoin gained and lost $200 in the minutes after a much-awaited order was issued in the U.S.

Profit gauge (Shutterstock)

Markets

Market Cap of Gold-Backed Cryptos Surpass $1B as Yellow Metal Nears Record High

Stagflation fears appear to have boosted demand for gold and crypto tokens backed by the yellow metal.

Market capitalization of gold-backed crypto tokens (Arcane Research, CoinGecko)

Markets

Bitcoin Tops $41K After Yellen's Crypto Statement Inadvertently Published Early

Gemini's Cameron Winklevoss said that based on Yellen's remarks the impending crypto order is positive and supports responsible innovation.

Bitcoin jumps above $41,000. (CoinDesk, Highcharts.com)

Markets

First Mover Asia: Singapore's Strict Approach to Crypto; Bitcoin Rises Despite Investors' Jitters About War, US Executive Order

Singapore's high standards may be discouraging some crypto companies from establishing operations in the city-state; investors were wrestling with the latest developments in Ukraine and await the crypto order by U.S. President Joe Biden on Wednesday.

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Videos

Is Bitcoin the 'Safe' Crypto Asset?

Noelle Acheson, Genesis Global Trading head of market insights, joins “All About Bitcoin” to discuss the current state of bitcoin’s price as the Russia-Ukraine conflict impacts markets across the globe and the U.S. federal reserve is mulling a half-point rate hike later this month. Acheson explores BTC’s volatility, bitcoin dominance, and rising oil prices. 

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Videos

Nickel Surges Above $100K, Investors Piling Up USDT

Nickel is having a parabolic run as presented in this “Chart of the Day.” It has surged 250% in two days and briefly traded above $100,000 due to a reported short squeeze and logistics uncertainty.

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Videos

Should Private Businesses Restrict Russian Users Amid Ukraine Invasion?

Steve Ehrlich, Voyager Digital co-founder and CEO, joins “All About Bitcoin” to share his perspective on Ukraine officials calling private businesses to restrict Russian users, including international crypto exchanges. Plus, Ehrlich explains his bitcoin price prediction for 2022.

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Markets

As Gold Nears Record, Bitcoin Doesn't Shine So Brightly

“The default setting is, ‘Go with what you know,’ which in this case means gold,” says one analyst.

(Federal Reserve Bank of New York, modified by CoinDesk)

Markets

Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto

The order, which is expected to be issued this week, could be a source of volatility.

WASHINGTON, DC - NOVEMBER 06: U.S. President Joe Biden speaks during a press conference in the State Dining Room at the White House on November 6, 2021 in Washington, DC. The President is speaking after his Infrastructure bill was finally passed in the House of Representatives after negotiations with lawmakers on Capitol Hill went late into the night. (Photo by Samuel Corum/Getty Images)

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