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

S&P 500 Conflict History Points to Short-Term Bitcoin Bounce, Sell-Off in H2: QCP

The macroeconomic situation parallels that of the 2001 Afghan war, when a post-invasion rally in the U.S. equity benchmark paved the way for a deeper slide.

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Markets

Cryptos Retain Gains as Ukraine Security Crisis Continues to Deteriorate

Talks between the two sides appear to have led nowhere.

Ukraine's Ministry of Digital Transformation wants crypto exchanges to block Russian users. (Lucy Shires/Getty)

Markets

First Mover Asia: The Petroyuan Is No Russia Sanctions Buster; Bitcoin 15% Gain Is Largest in a Year as Investors See Opportunity for Crypto

The People's Bank of China maintains strict capital controls over the country's currency; bitcoin rose over $43,000 and most other major cryptos were well into the green.

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Markets

Market Wrap: Bitcoin Rises Despite Geopolitical Tensions

Bitcoin is up 10% over the past 24 hours, compared with an 8% gain in ETH and an 14% rise in SOL. Indicators suggest more volatility before a recovery unfolds.

Bitcoin rise (Shutterstock)

Videos

BTC Bounces Above $41K: Is Crypto a Wartime ‘Safe Haven’?

Mauricio Di Bartolomeo of Canadian crypto lending platform Ledn, joins “All About Bitcoin” to discuss BTC’s recent price surge above $41,000 as those affected by the Russia-Ukraine conflict turn to bitcoin apparently as a financial safe haven. As Ukrainian officials call for Russian and Belarusian crypto addresses to be frozen, Bartolomeo discusses the role of trading platforms during times of conflict, looking also at the enactment of the Emergencies Act in Canada during the trucker protests. 

Recent Videos

Videos

Ruble-Denominated Bitcoin Volume Surges as Russia-Ukraine Conflict Endures

In today’s “Chart of the Day” segment, data from Paris-based crypto research provider Kaiko shows that the volume of Russian ruble-denominated bitcoin has surged to a 9-month high of nearly 1.5 billion rubles following global sanctions on Russia. Additionally, Bitcoin-Ukrainian hryvnia volume has also spiked following the progression of the Russia-Ukraine conflict.

CoinDesk placeholder image

Policy

Russia Sanctions Present ‘Dramatic Testing Moment’ for Crypto Exchanges

“Geopolitically, crypto is now center stage in the conversation,” Liat Shetret of Solidus Labs tells CoinDesk TV.

Ukrainian protestors call for greater sanctions on Russia at Times Square vigil in New York City (Daniel Kuhn/CoinDesk)

Videos

The Debate on Whether or Not China’s Crypto Mining Ban Is Worsening Bitcoin’s Environmental Impact

A new study published in Joule claims that bitcoin’s environmental impact has worsened since China’s 2021 ban on cryptocurrency mining because miners moved their operations to countries with less renewable energy. “The Hash” dissects this report, comparing its findings with statistics from the Bitcoin Mining Council while also considering the human rights value of uncensorable money as seen in the Russia-Ukraine crisis.

Recent Videos

Markets

Bitcoin Rises Past $40K; Resistance at $43K and $46K

The price jump reflects short-term bullish activity, although upside appears limited.

Bitcoin four-hour chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Markets

Crypto Funds See Inflows Globally Despite Exodus From European Products

A net $36 million went into digital-asset funds last week with major outflows in Europe but large inflows in the Americas.

A net $36 million went into digital-asset funds last week with major outflows in Europe but large inflows in the Americas.

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