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 Falls 7% as Russia Invades Ukraine; Experts Say Fed U-Turn on Rate Hikes Unlikely

It's a Catch-22 situation for the Fed, with geopolitical uncertainty posing risks to financial market stability and oil's move above $100 likely to bolster inflation.

Federal Reserve Chair Jerome Powell at his renomination hearings in January. The Fed is mulling its 2022 interest rate plans. (Brendan Smialowski-Pool/Getty Images)

Markets

Bitcoin Crashes 9% as Missiles Strike Kyiv, Airport Captured

The world's largest cryptocurrency by market value was trading about $34,725 at time of writing after passing $39,000 on Tuesday. Markets in Asia are also down during trading day as the scale of war expands.

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Markets

First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump

The eCNY and other CBDCs are digital versions of cash issued by a central bank, unlike bitcoin which has no single issuing authority; bitcoin surpassed $39,000 on Tuesday before dropping into the red.

People's Bank of China (Emmanuel Wong/Getty Images)

Videos

Bitcoin’s Fear & Greed Index Enters ‘Extreme Fear’ Territory

CoinDesk Markets Reporter Damanick Dantes joins “All About Bitcoin” host Christine Lee to discuss bitcoin markets as they react to rising tensions between Russia and Ukraine. With BTC futures, liquidations, and leverage levels remaining idle, Dantes indicates an uptick in bearish sentiment as the “Fear and Greed Index” enters “extreme fear” territory.

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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. 

Recent Videos

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.

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Markets

Market Wrap: Bitcoin Sellers Return, Reversing Earlier Gains

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

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.

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