First Mover Americas: Bitcoin Clings to $28K as Turbulent Week Draws to Close
The latest price moves in crypto markets in context for March 24, 2023.
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Mar 24, 2023 at 12:31 p.m. UTC
Mar 24, 2023
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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El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
The country in 2021 became the first nation to adopt bitcoin as legal tender.
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Mar 24, 2023 at 12:24 p.m. UTC
Mar 24, 2023
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Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein
The next main catalyst for the sector is the reward halving due early 2024, the report said.
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Mar 24, 2023 at 11:14 a.m. UTC
Mar 24, 2023
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First Mover Asia: Bitcoin Regains Momentum as Investors Shrug Off Banking, Fed Concerns
ALSO: CoinDesk market analyst Glenn Williams writes that a decrease in the number of bitcoin addresses with a balance of more than 1,000 bitcoins suggests that large, institut...
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Mar 23, 2023 at 11:52 p.m. UTC
Mar 23, 2023
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Bitcoin Holds Steady Above $28K, Ether Rises in Post-Rate Hike Rally
Bitcoin jumped above $28,800 earlier Thursday before retreating. Ether rose above $1,850, its highest level since August.
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Mar 23, 2023 at 8:31 p.m. UTC
Mar 23, 2023
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Bitcoin, Ether Diverging Paths Show Resilience and Opportunity
Bitcoin’s outperformance relative to ether highlights a flight to safety. The assets’ normally tight correlation has decoupled periodically in recent weeks.
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Mar 23, 2023 at 7:48 p.m. UTC
Mar 23, 2023
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First Mover Americas: SEC Warns Coinbase
The latest price moves in crypto markets in context for March 23, 2023.
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Mar 23, 2023 at 12:18 p.m. UTC
Mar 23, 2023
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Bitcoin Miners' Revenue From Fees Rises Suggesting Onset of Major Bull Run
The two-year "Z-score" for miner revenue from fees has turned positive after a long time, signaling new waves of adoption.
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Mar 23, 2023 at 10:48 a.m. UTC
Mar 23, 2023
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Bitcoin Inches Toward $28K as Traders See $260M in Futures Liquidations
Some remain upbeat about the medium-term outlook for bitcoin and the broader market.
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Mar 23, 2023 at 7:40 a.m. UTC
Mar 23, 2023
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First Mover Asia: Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin Holds Near $27.3K After Fed Decision
ALSO: The SIM card offers the security of a hardware crypto wallet but with more convenience, says Conflux’s chief technology officer in a Q&A with CoinDesk's Shaurya Malwa.
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Mar 23, 2023 at 1:44 a.m. UTC
Mar 23, 2023