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.

Feb 23, 2022

Videos

Bitcoin 3-Month Futures Premium Trends South

Feb 23, 2022

Markets

Market Wrap: Bitcoin Sellers Return, Reversing Earlier Gains

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

By Damanick Dantes, Angelique ChenFeb 23, 2022

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.

Feb 23, 2022

Podcasts

Crypto News Roundup for Feb. 23, 2022

By Adrian Blust, Adam B. LevineFeb 23, 2022

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Podcasts

Why One Stablecoin Is Being Backed by Bitcoin

By Nathaniel WhittemoreFeb 23, 2022

Markets

Bitcoin Trends Upward as Markets Calm Despite Ukraine Tensions

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

By Brian EvansFeb 23, 2022

Bitcoin trended upward slightly Wednesday (CoinDesk)

Markets

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

Sellers could remain active over the short term.

By Damanick DantesFeb 23, 2022

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.”

Feb 23, 2022

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.

By David Z. MorrisFeb 23, 2022

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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