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

Short Positions See $143M in Liquidations as Bitcoin, Ether Gain 10%

The crypto market rallied on Friday to almost fully retrace losses from Thursday’s declines.

By Shaurya MalwaFeb 25, 2022

“Whoever controls liquidity controls DeFi.” (Rahul Pabolu/Unsplash)

Markets

First Mover Asia: India Crypto Firms, Regulators Continue Their Regulatory Debate; Bitcoin Recovers From a Post-Invasion Freefall

Indian crypto industry and government officials have continued to discuss possible changes to regulations announced earlier this month; bitcoin returns to its perch above $38,000.

By Amitoj Singh, Damanick Dantes, James RubinFeb 24, 2022

Markets

Block Tops Q4 Estimates, Posts Nearly $2B in Bitcoin Transactions

The payments firm formerly known as Square took note of a slowdown in business in January due to the Omicron variant, but a growth recovery thus far in February.

By Brandy BetzFeb 24, 2022

Markets

Russia Invades Ukraine: Impact on the Markets

Here's a roundup of our news and analysis on Russia's invasion of Ukraine and its impact on crypto markets and the digital-asset industry.

By Bradley KeounFeb 24, 2022

Map of Ukraine. (Openverse, modified by CoinDesk)

Videos

BTC Price Underperforms Treasuries Amid Russia-Ukraine Conflict

In today’s “Chart of the Day," the year-to-date returns for BTC, the S&P 500, treasuries and gold suggest that risk off has been the dominant theme so far this year, leading up to the events in Russia and Ukraine. With gold outperforming all the other assets, CoinDesk's Damanick Dantes evaluates the macro factors that might be at play.

Feb 24, 2022