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

CrossTower CEO: Crypto’s Positive Impact in the Russia-Ukraine Crisis

Kapil Rathi, CrossTower Co-Founder & CEO, joins “First Mover” to examine the international markets’ response to the ongoing conflict between Russia and Ukraine. Rathi explains how the increased movement of bitcoin into Eastern Europe is facilitating help to those impacted by the war, stating “crypto was meant for citizens.”

CoinDesk placeholder image

Markets

Bitcoin Breaks Above $40K

After a weekend of choppy trade, the popular crypto began a sizable move higher as the U.S. returned to work on Monday morning.

(CoinDesk archives)

Finance

First Mover Americas: Bitcoin Shows No Signs of Panic Even as Worst Case Scenario Looms

The latest moves in crypto markets in context for Feb. 28, 2022.

(Sean Gallup/Getty)

Policy

Ukraine Government Is Using Crypto Aid to Purchase Critical Supplies

Around $10 million in crypto donations sent to the Ukrainian government has already been spent.

(Sean Gallup/Getty)

Markets

Bank of America Sees No Crypto Winter Given User Adoption, Developer Activity Growth

Still, crypto market upside will likely be limited for the next six months by Fed tightening and macro headwinds.

(Shutterstock)

Markets

Bitcoin Resilient as Commodity Prices Inflate, Dollar Strength May Hurt

The sustainability of bitcoin's gains is under question, as the escalating Russia-Ukraine crisis has led to stress in the dollar funding markets.

Bitcoin stays resilient as commodities signal higher inflation ahead. (Highcharts.com/CoinDesk)

Markets

Ruble-Denominated Bitcoin Volume Surges to 9-Month High

The increase comes as the West's sanctions on Russia trigger a flight from the ruble.

Ruble-denominated bitcoin volumes surge as the Russian currency hits record low. (Source: Kaiko)

Finance

Crypto Donations to Ukraine Jump to $20M

FTX founder Sam Bankman-Fried and Chain.com CEO Deepak Thapliyal have contributed.

Ukranian Flag (Getty Images)

Markets

First Mover Asia: BitMEX Saga Concludes, but We'll Never Know if DOJ Overreached; Cryptos Tumble as Russia Bores Into Ukraine

The guilty plea of the founders of the crypto trading platform with main offices in Hong Kong and Singapore avoided a trial; bitcoin dropped below $37,500 on Sunday after Russian President Vladimir Putin placed his nuclear forces on alert.

The national yellow and blue flag of Ukraine (Valentyn Semenov/Getty)

Pageof 834