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 Holding Support Above $35K-$37K, Resistance at $45K

BTC appears to be oversold on intraday charts, although momentum has weakened.

El gráfico de cuatro horas de bitcoin muestra el soporte/resistencia con el RSI en la parte inferior (Damanick Dantes/CoinDesk, TradingView)

Markets

Crypto-Fund Inflows Tripled Last Week to Highest in Almost Three Months

A net $127 million went into digital-asset funds during the week ended March 4, with minor outflows in Europe and large inflows in the Americas.

A net $127 million of inflows into digital-asset funds last week was the highest in almost three months. (CoinShares)

Videos

Russia-Ukraine’s Impact on Crypto, Oil and More

Ben McMillan of IDC Digital Assets joins “First Mover” to address the current state of the crypto markets as Russia’s invasion of Ukraine shows no signs of slowing down. McMillan addresses the soaring price of oil as Western countries are mulling a Russia oil ban.

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Finance

Core Scientific Plans to Increase Hashrate to 42 EH/s by Year End

The miner said demand for its hosting capacity remains strong and continues to exceed available supply.

Core Scientific's mining facility in Calvert City, Ky. (CoinDesk archives)

Markets

Bitcoin Creeps Toward $40K as Surging Oil Prices Create Bear Market Worry

The largest cryptocurrency's upward move came as stocks fell due to concerns over mounting inflationary pressures.

Bitcoin price chart over past week. (CoinDesk)

Opinion

It’s Complicated: The Relationship Between Crypto and NFTs

Is there any correlation between the NFT and crypto markets? Bybit’s lead tech writer looks at some of the theories.

NFTs (Chris J. Ratcliffe/Bloomberg via Getty Images)

Finance

Hive to Buy Intel Mining Chip That Can Raise Hashrate by 95%

The crypto miner also signed a new 100MW power deal with Compute North in Texas.

BUSY: A recent surge in mining power may have overcome the difficulty rate. (Credit: Shutterstock)

Markets

First Mover Asia: Singapore's Lightbulb Capital Balances the 3 Parts of ESG Investing. Will the DeFi World Care?; Bitcoin, Ether Fall

The crypto world has focused more heavily on environmental issues than the social and governance aspects of different projects; major cryptos were in the red on Sunday as the Russian invasion intensified.

Singapore (Lauryn Ishak/Bloomberg via Getty Images)

Markets

Why Did Bitcoin Surge So Much Against the Ruble?

Oligarchs dodging sanctions? Doubtful. Regular Russians trying to preserve their wealth? Maybe. There’s also a third, less exciting possibility.

(Andrey Rudakov/Bloomberg via Getty Images)

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