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

Bitcoin Holders Continue to Shrug Off Macro Data

The cost basis for bitcoin has fallen and bitcoin holders appear to be feeling less pain.

(Marcelo Cidrack/Unspash)

Markets

Bitcoin Draws Stability From $20K Price Floor as Traditional Markets Slide

Bitcoin traded above the psychologically important price level for a 10th consecutive day, even as stocks took a hit from the U.S. central bank’s ongoing move to tighten monetary conditions.

Cryptocurrencies have stabilized for now, but analysts are mulling a further downside. (Unsplash)

Videos

Fed Raises Rates by 75 Basis Points, Powell Says 'Ongoing Increases' Anticipated

The Federal Reserve on Wednesday raised interest rates by 75 basis points, in a move that was widely anticipated by market participants, including bitcoin (BTC) traders. "We continue to anticipate ongoing increases will be appropriate," Fed Chair Jerome Powell said.

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Markets

First Mover Americas: Meta’s Instagram Move Boosts Web3 Tokens

The latest price moves in crypto markets in context for Nov. 3, 2022.

(Just_Super/Getty Images)

Tech

‘Hyperbitcoinization’ Is a Few Years Away, Predicts Samson Mow

The CEO of technology startup Jan3 explains why Bitcoin might become the world's preferred monetary system as early as 2030.

Samson Mow, CEO de JAN3. (CoinDesk)

Videos

Investors Look to Bitcoin as a Safe Haven Amid Macro Pressures: DFD Partners Exec

With macro pressures on the equities market, DFD Partners President Bilal Little says investors are looking for better returns in a safe haven – in this case bitcoin (BTC). He joins "First Mover" for more markets analysis. Plus, where is bitcoin's support and resistance?

Recent Videos

Videos

Bitcoin Levels to Watch After Fed's Latest Rate Hike

DFD Partners President Bilal Little discusses his outlook for bitcoin (BTC) and the wider crypto markets after the U.S. Federal Reserve on Wednesday announced a fourth consecutive 75-basis-point interest rate hike. Plus, Little's take on the potential factors behind the dogecoin (DOGE) rally.

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Markets

Bitcoin Bear Market Has a Silver Lining, CryptoCompare's Q3 Review Shows

Consistent accumulation by both large and small bitcoin addresses and dwindling volatility makes the ongoing bear market much better than previous ones.

El mercado bajista actual registró una acumulación consistente de pequeñas y grandes direcciones BTC. (CryptoCompare)

Markets

First Mover Asia: Arbitrum Sees Transactions Skyrocket as Traders Anticipate Potential ‘ARBI’ Airdrop; Ether, Dogecoin Tumble Following FOMC Rate Hike

Weekly transactions on Arbitrum have soared over 550% since August. Crypto traders see huge potential for the ecosystem.

The co-founders of Offchain Labs, the firm behind Arbitrum. (Offchain Labs)

Markets

Market Wrap: Bitcoin Little Affected by Fed Interest Rate Hike

The largest cryptocurrency by market capitalization ticked down, but only slightly, following a fourth consecutive 75 bps increase.

(Midjourney/CoinDesk)

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