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

First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns

ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. But at least one analyst questions whether it can deliver on its promise.

(Andriy Onufriyenko/Getty Images)

Markets

Bitcoin Whales Have Been Swimming in Different Directions

While the number of smaller whales has declined, the number of larger bitcoin whales has risen. What do the trends mean?

“Whales” are removing BTC from exchanges en masse. (Nitesh Jain/Unsplash)

Markets

Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC

Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court hearing.

(Unsplash/Modified by CoinDesk)

Finance

Let’s Talk About Crypto Protocol Layers and Why Investors Must Examine Them

They’re the overflow rooms for the bustling Bitcoin and Ethereum ecosystems.

(desmon jiag/GettyImages)

Markets

Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony

The Fed chair said no decision has yet been made on the size of the coming March rate hike.

Fed Chair Jerome Powell (Anna Moneymaker/Getty Images)

Markets

Bitcoin Slips to 3-Week Low as Market Sees Federal Reserve Lifting Rates to 5.65%

The fed funds futures show traders pricing in a higher-for-longer interest rates mantra by the Fed.

Previsión de las tasas finales según los futuros de los fondos de la Fed. (TradingView/CoinDesk)

Markets

First Mover Asia: Bitcoin, Ether Bounce Back After Being Tested by Fed Chair Powell’s Comments

ALSO: Data from CryptoRank, which tracks crypto fund portfolios, shows that despite massive declines last year, a number of major funds are up over the past three years.

bouncing ball

Opinion

Why Yuga Labs' Embrace of Bitcoin NFTs Is a Big Deal

Despite the critics, applications like Ordinals are the next on-ramp for Bitcoin adoption, Aubrey Strobel writes.

TwelveFold (Yuga Labs)

Markets

Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’

Over 70% of traders now see the possibility of a 50 basis point rate hike at the March FOMC meeting. Bitcoin has dropped 1.6% in the past 24 hours but remained rangebound.

(Getty Images)

Markets

Fed Chair Powell's Comments Shift Rate Projections; Bitcoin Holds Warily

U.S. central bank Chair Jerome Powell indicates rates may need to move higher than was previously expected; risk assets decline accordingly

The Federal Reserve building in Washington, D.C.. (Helene Braun/CoinDesk)

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