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

Fed Raises Benchmark Interest Rate by 25 Basis Points

The prospect of higher rates has weighed on bitcoin and other risky assets.

Fed Chair Jerome Powell (Brendan Smialowski-Pool/Getty Images)

Finance

First Mover Americas: Focus on Fed's Inflation Take

The latest moves in crypto markets in context for March 16, 2022.

Federal Reserve building (Paul Brady Photography/Shutterstock)

Markets

Bitcoin Sees 'Bart Simpson' Pattern During Thinly Traded Asian Session

Stop orders were triggered in the morning low-liquid market, one observer said.

Bart Simpson (Flickr)

Markets

Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout

Crypto remains stable, though liquidity thin, as markets in Hong Kong climb out from the worst slump since the 2008 recession.

Hong Kong skyline (Ruslan Bardash/Unsplash)

Markets

Bitcoin Tops $41K in Crawl Back From $37K Weekend Lows

The push past $41,000 comes as major Asian equity markets open in the green at the start of Wednesday's trading session and the market awaits the Federal Reserve decision.

(Getty images)

Policy

Bitcoin-Friendly Mayors View Blockchain as a Way to Boost Equality, Diversity

New York City’s Eric Adams and Miami’s Francis Suarez also discussed how the U.S. can embrace blockchain technology to defy authoritarian regimes.

Miami Mayor Francis Suarez

Markets

First Mover Asia: China Equities Woes, Tensions With US Have Barely Touched Bitcoin; Cryptos Climb

Hong Kong's Hang Seng market has suffered through some of its worst days in more than a decade but that has not seemed to affect bitcoin's price much; cryptos rose slightly amid wait for Fed interest rate decision.

Hong Kong's Exchange Square, home of the Hong Kong Exchange (See-ming Lee/Flickr)

Videos

EU Parliament Rejects Proposal Limiting Proof-of-Work Mining

The European Parliament has voted against a proposed rule that would have banned proof-of-work mining of cryptocurrencies like bitcoin across the European Union (EU). Patrick Hansen, head of Strategy and Business Development at Unstoppable Finance, discusses what this means for the state of crypto affairs in Europe and the world.

Recent Videos

Videos

BTC Implied Volatility Ticks Higher Ahead of Fed Meeting

Investors’ expectations for BTC price turbulence over the next four weeks, known as implied volatility, is creeping higher ahead of the Federal Reserve’s interest rate decision tomorrow. This is a sign that traders could be setting up options positions that would benefit from BTC price swings.

CoinDesk placeholder image

Videos

Bitcoin's Next Move Ahead of Tomorrow's Fed Interest Rate Decision

Prime Trust Chief Product Officer Sara Xi discusses her outlook for bitcoin as investors await the interest rate decision from the Federal Reserve's two-day meeting. Plus, why China's latest COVID outbreak could cause inflationary pressure, and what Saudi Arabia's potential oil sale to China in Chinese yuan could mean for bitcoin.

Recent Videos

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