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

Finance

Crypto Miner Hut 8 Reports Surprise Q4 Loss

The company's revenue was in line with expectations, but Ebitda missed estimates.

By Aoyon Ashraf, Eliza GkritsiMar 17, 2022

Markets

Bitcoin Holds Above $40K After Fed Hike, Avalanche’s AVAX Leads Gains Among Crypto Majors

Cease-fire talks could reverse a bearish trend, one analyst said.

By Shaurya MalwaMar 17, 2022

Goldman Sachs' U.S. Financial Conditions Index (Cheap Convexity, Bloomberg)

Finance

Bitcoin-Focused VC Stillmark Hires Former Google X Engineer Vikash Singh

Singh joins the fund as principal investor as the firm looks to deploy capital to Bitcoin-related companies.

By Sam ReynoldsMar 17, 2022

Markets

First Mover Asia: India Crypto Investors Await Taxation Clarity; Bitcoin Rises on a Day of Big Price Swings

India's crypto community is hoping to convince lawmakers to scale back a crypto taxation bill; bitcoin soared above $41,000.

By Amitoj Singh, Damanick Dantes, James RubinMar 16, 2022

Parliament House in New Delhi, India (Unsplash)

Videos

Factors Behind Bitcoin's 5% Spike Today

CoinDesk Market Analyst Damanick Dantes presents his BTC price analysis and outlook following the cryptocurrency's brief spike toward $42,000. Plus, breaking down the data on bitcoin's seven-day implied volatility versus realized volatility, and bitcoin's 90-day correlation to ether and overall crypto markets.

Mar 16, 2022

Videos

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

Bitcoin saw a quick rise and fall in a thinly traded market Wednesday. BTC price jumped from $39,120 to $41,700 in 30 minutes, only to fall back to $39,000, according to CoinDesk data. The sudden rise could stem from stop orders on short trades and ran into stronger selling pressure. "All About Bitcoin" host Christine Lee breaks down the latest "Bart Simpson" price pattern and more.

Mar 16, 2022

Markets