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



Opinion

So What If Part of Bitcoin's Code Was State-Funded?

Adam Tooze asked if bitcoin politics is self-deluded. Cypherpunks are just resourceful.

(Michael Dziedzic/Unsplash)

Markets

Bitcoin Downtrend Persists; Support at $30K

BTC is 43% off its all-time high near $69K, and upside appears limited.

Bitcoin daily price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

SAND Token, Below 200-Day MA, Joins Broader Crypto Market in Gloomy Outlook

SAND has dropped below its 200-day average for the first time since July.

Its gloom and doom in crypto markets with major coins trading under the 200-day average. (Source: Pixabay)

Markets

Bitcoin in Stasis Near $37K, Gold Extends Gains as Russia Starts Ukraine Invasion

In tense situations, investors prefer gold and oil than riskier assets like stocks and crypto.

Bitcoin trades back and forth near $37K (Source: CoinDesk, Highcharts.com)

Markets

First Mover Asia: Taiwan, Singapore Are Not Stablecoin Fans; Major Cryptos Decline as Russia Invasion Looms

Taiwan and Singapore are wary of ceding control of their currencies; bitcoin, ether and most other major cryptocurrencies fell as Russian President Vladimir Putin made a defiant case for invading Ukraine.

Vladimir Putin (Evgenii Sribnyi/Shutterstock)

Finance

Ukraine Update: Putin Recognizes Two Breakaway Regions, Biden Responds With Sanctions

The increase in tension on Monday sent U.S. stock index futures to session lows and bitcoin back towards the bottom of its recent price range.

Flag of Ukraine (Kutay Tanir/Getty Images)

Markets

Bitcoin Stabilizes After Dipping to 2-Week Low of $37K

The cryptocurrency last traded at $37,000 two weeks ago, on Feb. 4.

Bitcoin briefly dipped below $37,300, according to CoinDesk data.

Finance

First Mover Americas: As Bitcoin Dips, Inflation 'Breakevens' Offer Hope to Bulls

The latest moves in crypto markets in context for Feb. 21, 2022.

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Markets

Man Group Analysts Say Crypto Is Just a Rate-Sensitive Risk Asset

Bitcoin has become more correlated with the Nasdaq index and the ARK Innovation exchange-traded fund.

Bitcoin has become a risk asset, according to Man Group analysts. (Shutterstock)

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