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

Bitcoin 3-Month Futures Premium Trends South

In today’s Chart of the Day segment, Christine Lee analyzes a chart by CoinDesk’s Omkar Godbole, which illustrates the annualized rolling three-month futures premium in major exchanges such as Chicago Mercantile Exchange and Binance. The findings indicate a pessimistic sentiment among institutional and retail investors. 

Recent Videos

Videos

Bitcoin 3-Month Futures Premium Trends South

In today’s Chart of the Day segment, Christine Lee analyzes a chart by CoinDesk’s Omkar Godbole, which illustrates the annualized rolling three-month futures premium in major exchanges such as Chicago Mercantile Exchange and Binance. The findings indicate a pessimistic sentiment among institutional and retail investors.

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Markets

Market Wrap: Bitcoin Sellers Return, Reversing Earlier Gains

Concerns over the economy and the situation in the Ukraine linger.

Cryptos reverse course (cdd20, Unsplash)

Videos

Russia Facing Sanctions Amid Escalating Tensions With Ukraine, ‘Frozen’ BTC From Canadian Trucker Protests Being Transferred Elsewhere

CoinDesk Managing Editor for Global Policy and Regulation, Nikhilesh De, joins “First Mover” to discuss economic sanctions imposed on Russia by the United States and other allies as Moscow escalates tensions with Ukraine. Plus, De provides an update on the trucker protests in Canada as “frozen” bitcoin is transferred to exchanges like Coinbase and Crypto.com.

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Markets

Bitcoin Trends Upward as Markets Calm Despite Ukraine Tensions

Traders showed some optimism even as President Joe Biden announced more sanctions.

Bitcoin trended upward slightly Wednesday (CoinDesk)

Markets

Bitcoin Bounce Fades; Minor Support at $30K-$36K

Sellers could remain active over the short term.

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

Videos

‘Frozen’ Bitcoin Tied to Canadian Trucker Protests Moved to Coinbase, Crypto.com

Bitcoin tied to the Canadian trucker uprising against COVID-19 restrictions has recently been moved from the original address to Coinbase and Crypto.com following a government effort to freeze said assets. “The Hash” discusses this latest update in the Canadian story and the utility of public blockchains for “following the money.”

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Opinion

Trudeau Proved Bitcoin's Value, so Why Is It Trading Sideways?

Financial censorship in Canada is creating new crypto converts. But BTC's price isn't following - yet.

Truckers line up their trucks on Albert Street as they honk their horns on February 5, 2022 in Ottawa, Canada. The trucker blockade has since been dispersed - in part through the use of financial seizures and censorship. (Minas Panagiotakis/Getty Images)

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