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

Is Bitcoin the 'Safe' Crypto Asset?

Noelle Acheson, Genesis Global Trading head of market insights, joins “All About Bitcoin” to discuss the current state of bitcoin’s price as the Russia-Ukraine conflict impacts markets across the globe and the U.S. federal reserve is mulling a half-point rate hike later this month. Acheson explores BTC’s volatility, bitcoin dominance, and rising oil prices.

Mar 8, 2022

Videos

Should Private Businesses Restrict Russian Users Amid Ukraine Invasion?

Steve Ehrlich, Voyager Digital co-founder and CEO, joins “All About Bitcoin” to share his perspective on Ukraine officials calling private businesses to restrict Russian users, including international crypto exchanges. Plus, Ehrlich explains his bitcoin price prediction for 2022.

Mar 8, 2022

Markets

As Gold Nears Record, Bitcoin Doesn't Shine So Brightly

“The default setting is, ‘Go with what you know,’ which in this case means gold,” says one analyst.

By Angelique ChenMar 8, 2022

(Federal Reserve Bank of New York, modified by CoinDesk)

Markets

Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto

The order, which is expected to be issued this week, could be a source of volatility.

By Damanick Dantes, Angelique ChenMar 8, 2022

WASHINGTON, DC - NOVEMBER 06: U.S. President Joe Biden speaks during a press conference in the State Dining Room at the White House on November 6, 2021 in Washington, DC. The President is speaking after his Infrastructure bill was finally passed in the House of Representatives after negotiations with lawmakers on Capitol Hill went late into the night. (Photo by Samuel Corum/Getty Images)

Policy

Crypto Still Isn't Helping Russian Oligarchs Evade Sanctions

This feels like a perfect test case for crypto’s value proposition that has yet to materialize.

By Nikhilesh DeMar 8, 2022

Markets

Bitcoin Higher as US Ban on Russian Oil Imports Roils Markets

Crypto traders are still evaluating the potential impact of soaring oil prices on bitcoin's price – if any.

By Brian EvansMar 8, 2022

Bitcoin faces price pressure below $40,000 (CoinDesk)

Markets

Bitcoin Approaches $40K; Resistance at $43K-$45K

Narrow price zones could benefit short-term trades within the prevailing downtrend.

By Damanick DantesMar 8, 2022

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

Finance

You Would Understand Bitcoin if You Were Under Cuba’s Embargo

More than 60 banks and fintechs rejected me just for my nationality. Bitcoin fixes that.

By Erich García CruzMar 8, 2022

Policy

Credit Suisse Strategist Says We're Witnessing Birth of a New World Monetary Order

"Money" will never be the same again after the Ukraine war, writes Zoltan Pozsar, and bitcoin may be a beneficiary.

By Stephen AlpherMar 8, 2022

Coin depicting Julius Ceasar, 42 BCE (Art Institute of Chicago, modified by CoinDesk)

Learn

Bitcoin Mixers: How Do They Work and Why Are They Used?

Bitcoin offers pseudonymity to users by design. But in order to be completely anonymous, you’ll need to use tools like bitcoin mixers.

By Robert StevensMar 8, 2022

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