Bitcoin

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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


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Fear and Greed Index Pulls Back After Hitting 'Greediest' Level Since Late 2021
The gauge spent most of 2022 mired in "fear" territory.
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The CFTC's suit against Binance is hitting the price of bitcoin. (Danny Nelson/CoinDesk)
First Mover Americas: Bitcoin Drops on CFTC’s Suit vs. Binance
The latest price moves in crypto markets in context for March 28, 2023.
The CFTC's suit against Binance is hitting the price of bitcoin. (Danny Nelson/CoinDesk)

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CFTC-Binance Lawsuit Could Worsen Crypto Market Liquidity, Pull Bitcoin Down to $25K: Observers
Low liquidity means a wave of buy or sell orders can have an outsized impact on bitcoin's market price.
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Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin
The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries, the software company behind layer 2 Ethereum zero-knowledge ro...
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Hong Kong (Unsplash)
First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard
Plus: Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around?
Hong Kong (Unsplash)

Bitcoin price chart showing the price drop on Monday. (CoinDesk)
Bitcoin Sinks Below $27K After CFTC Files Suit Against Binance
BTC dropped to its lowest level since March 17 after the agency sued the crypto exchange for alleged regulatory violations. The Binance coin (BNB) price declined by 5%.
Bitcoin price chart showing the price drop on Monday. (CoinDesk)

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Asset Managers’ Bitcoin Exposure Rises, Reversing Recent Trend
Following three consecutive weeks of reducing long positions, asset managers add 975 long futures contracts, the Commitment of Traders report shows.
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Binance's bitcoin trading volume is decreasing. (Danny Nelson/CoinDesk)
Binance's Bitcoin Trading Volume Hits Lowest Level in 8 Months Following Termination of Zero-Fee Trading
Zero-fee trade volume accounted for 66% of Binance’s trading volume in mid-March prior to the decision to eliminate the promotion.
Binance's bitcoin trading volume is decreasing. (Danny Nelson/CoinDesk)

MicroStrategy, a software company co-founded by Michael Saylor, prepaid the principal on a loan from Silvergate Bank. (Marco Bello/Getty Images)
MicroStrategy Pays Off Silvergate Loan, Buys More Bitcoin
The company borrowed $205 million from Silvergate Bank last March.
MicroStrategy, a software company co-founded by Michael Saylor, prepaid the principal on a loan from Silvergate Bank. (Marco Bello/Getty Images)

Much of Silicon Valley Bank is being acquired by First Citizens Bank. (CoinDesk archives)
First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank
The latest price moves in crypto markets in context for March 27, 2023.
Much of Silicon Valley Bank is being acquired by First Citizens Bank. (CoinDesk archives)