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

Could Arizona Be the Next Blockchain Innovation Hub?

AZ Bitcoin Network organizer Stephen Cole joins “Community Crypto” host Isaiah Jackson to discuss emerging crypto communities and growing use of bitcoin in Arizona. Plus, reactions to regulators reining in bitcoin’s energy consumption.

Mar 25, 2022

Markets

Bitcoin Faces Initial Resistance at $46K; Support at $42K

Seasonal strength could keep buyers active within the year-long price range.

By Damanick DantesMar 25, 2022

Bitcoin weekly price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Policy

Janet Yellen, Sounding More Constructive, Acknowledges Crypto's Role in Finance

The former Fed chair and current Treasury secretary had been skeptical, saying in 2018 she "was not a fan" of bitcoin.

By Camomile ShumbaMar 25, 2022

Treasury Secretary Janet Yellen (Anna Moneymaker/Getty Images, modified by CoinDesk)

Videos

China Stamping Out Mining; Crypto Market Makes Gains

China takes aim at corruption in underground Bitcoin mining. Russian committee proposes bitcoin payment for oil and energy exports. Crypto markets shift to upward trend after weeks of volatility. DeFi, NFT access at stake as FATF Travel Rule goes into force in South Korea. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Mar 25, 2022

Videos

Markets React to Terraform Labs’ Increased BTC Reserves

Darren Lim, Research Analyst at blockchain analytics platform Nansen, discusses several noticeable blockchain transactions associated with Terraform Labs' plans to increase UST's bitcoin reserve to $3 billion. Plus, insights on how a bitcoin-backed stablecoin would function and why ETH transfers to Ukraine are spiking.

Mar 25, 2022

Videos

BTC Tops $44K as Terra’s Luna Foundation Increases Reserves

Fernando Martínez, OSL managing director and head of Americas, explains the current uptrend in the crypto markets amid rumors of Terra’s ambitions to accumulate bitcoin as a reserve asset. Plus, a conversation about why Russian officials are considering turning to bitcoin for oil sales.

Mar 25, 2022

Finance