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 Extends Rally as Russian Ruble Crashes Amid Ukraine Conflict and Global Sanctions

Anthony Saccaro, Providence Financial and Insurance Services founder, discusses the macro factors currently driving the bitcoin markets, including the Russian ruble's devaluation amid the Russia-Ukraine conflict, the prospect of interest rates hikes in the United States, and bitcoin's recognization as an alternative asset class during wartime.

Recent Videos

Videos

Ukraine Bitcoin Trading at 6% Premium as Russia-Ukraine Conflict Intensifies

In today’s “Chart of the Day” segment, Christine Lee presents a chart from Kaiko showing bitcoin trading at a 6% premium on Binance’s Ukrainian hryvnia market, compared to bitcoin’s price in the U.S. dollar market following Russia’s invasion of Ukraine.

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Markets

Bitcoin HODLers Unfazed by Macro and Geopolitical Risks

These three charts show investors are holding onto their cryptocurrency for future profits rather than selling.

It's the "strong hands" who are dominating. (Metropolitan Museum of Art, modified by CoinDesk)

Markets

Bitcoin Extends Rally After Biggest Gain in Year

The largest cryptocurrency was higher after jumping 14% on Monday, the biggest gain since February 2021. So far, the price has stopped just shy of $45,000.

Bitcoin has support above $43,000 but is still shy of the $45,000 mark

Markets

Bitcoin Bounce Stalls, Resistance Between $44K and $46K

Buyers could remain active at lower support levels, particularly at $40K.

Bitcoin's four-hour chart shows nearby resistance with RSI on the bottom. (Damanick Dantes/CoinDesk, TradingView)

Policy

EU Parliament Scraps Proof-of-Work Ban Following Backlash: Report

The language had sparked enough of an outcry that a Monday vote on the bill's passage was indefinitely delayed.

A controversial proposed ban on proof-of-work crypto in the EU is off the table for now. (Walter Zerla/Getty)

Videos

How Ukrainian Government Is Using Crypto to Fight Against Russia Invasion

Michael Chobanian, Founder of Ukrainian crypto exchange KUNA, comes back to “First Mover” to discuss the growing role of cryptocurrency in the Russia-Ukraine crisis. Chobanian explains how crowdfunded crypto is being used to fund military aid, food and petroleum supplies.

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Finance

First Mover Americas: Bitcoin Nears $45K on Increased Demand From Ukraine and Russia

The latest moves in crypto markets in context for March 1, 2022.

Bitcoin extended Monday's rally even as traditional markets signal caution. (CoinDesk archives)

Policy

They Were Jailed for Hacking an Exchange. Blockchain Data Cleared Them

How blockchain forensics helped two suspects in a cyber crime prove their innocence

Danny Penagos (left), José Manuel Osorio Mendoza and Kelvin Jonathan Diaz (Courtesy Danny Penagos)

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