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

Crypto Miners to Benefit From Biden’s Executive Order: Jefferies

The investment bank reiterated buy ratings for Argo Blockchain and Marathon Digital following Wednesday’s action by the White House.

A bitcoin mining facility. (Christinne Muschi/Bloomberg via Getty Images)

Layer 2

‘People Will Get Burned’: Matt Odell on the Long Road to Bitcoin Privacy

Privacy advocate and hardcore bitcoiner Matt Odell discusses CoinJoins, privacy coins and “canaries.”

(Majid Gheidarlou/Unsplash)

Opinion

Why Russian Sanctions Could Push Corporations Towards Crypto

The sudden disconnection of Russia from the global financial system is a moment for reflection. But economic fragmentation has a cost.

(Patrick Meinhardt/Bloomberg via Getty Images)

Markets

Bitcoin Enters Resistance Zone Between $40K-$45K

BTC appears to be overbought on intraday charts.

Bitcoin four-hour chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Videos

Market Rally as Biden Signs Crypto Executive Order

John Sarson, Sarson Funds CEO and founder, joins “First Mover” to provide his analysis on the current state of the crypto markets amid a recent price rally for cryptocurrencies.

CoinDesk placeholder image

Finance

Miami Nightclub E11EVEN Rolls Out Crypto Division and 'Captain's Club' NFTs

The downtown Miami club is dancing deeper into crypto, partnering with Horizen Labs for the backend.

A performer dances from the ceiling at Miami's E11EVEN nightclub. (Eli Tan/CoinDesk)

Markets

Profit Booking in Bitcoin, Ether After Biden Issues Crypto Order

Bitcoin gained and lost $200 in the minutes after a much-awaited order was issued in the U.S.

Profit gauge (Shutterstock)

Markets

Market Cap of Gold-Backed Cryptos Surpass $1B as Yellow Metal Nears Record High

Stagflation fears appear to have boosted demand for gold and crypto tokens backed by the yellow metal.

Market capitalization of gold-backed crypto tokens (Arcane Research, CoinGecko)

Markets

Bitcoin Tops $41K After Yellen's Crypto Statement Inadvertently Published Early

Gemini's Cameron Winklevoss said that based on Yellen's remarks the impending crypto order is positive and supports responsible innovation.

Bitcoin jumps above $41,000. (CoinDesk, Highcharts.com)

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