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

Since ‘Golden Cross,’ Bitcoin Is Down 12%; Blame the Fed?

The ostensibly bullish price-chart indicator hasn’t yet produced much in the way of gains for traders of the largest cryptocurrency.

The golden cross in bitcoin's price chart has yet to produce much glory. (Unsplash, modified by CoinDesk)

Markets

Bitcoin Flash Crashed to $5K on Pyth Network’s Data Feed

The Pyth BTC/UDC aggregate price had several sharp dips below $40,000 on Monday and the confidence levels became extremely wide.

(Pyth Network)

Markets

Bitcoin Oversold at Support, Resistance at $47K

Bitcoin is the most oversold in two months as buyers defend $40K support.

Bitcoin daily price chart (CoinDesk, TradingView)

Videos

Could China’s Evergrande Default Risk Trigger Domino Effect in Global Financial Markets?

Ming Zhao, an entrepreneur and former analyst at Point72, discusses her outlook for bitcoin as the wider crypto and traditional markets have potentially been impacted by a rising liquidity crisis out of Chinese property developer Evergrande. Could its default risk trigger a domino effect across the global economy? Plus, Zhao's take on the possible impact of China's regulatory storm on crypto, including stablecoins.

Recent Videos

Videos

Is Bitcoin Still a Safe Haven Asset?

Bitcoin continues to take cues from equity markets amid macro uncertainty, seeming to contradict the popular narrative of BTC being a safe haven like gold. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

Policy

Banking Heavyweights Oppose Basel’s Proposed Rules on Crypto Capital Requirements

Banks including JPMorgan Chase and Deutsche Bank oppose “overly conservative” proposals they say would prevent banks from getting involved in crypto asset markets.

Bank for International Settlements. Basel, Switzerland.

Markets

Bitcoin Bounces Off 6-Week Low, Tracking Recovery in Stocks

“The long-term uptrend still has a hold on bitcoin,” one analyst said.

Bitcoin's daily chart (TradingView)

Finance

Brazilian Investment Bank BTG Pactual Launches Crypto Platform

Mynt, which will be available in the last quarter of 2021, will initially allow exposure to bitcoin and ether.

BTG Pactual's office

Markets

Market Wrap: Bitcoin Sell-Off Deepens as Equity Volatility Rises

Analysts expect further choppiness this week as investors seek safety from risk assets.

Bitcoin 24-hour chart (CoinDesk)

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