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



Videos

Ukraine Bitcoin Trading at 6% Premium as Russia-Ukraine Conflict Intensifies

In today’s “Chart of the Day” segment, Christine Lee presents a chart from Kaiko showing bitcoin trading at a 6% premium on Binance’s Ukrainian hryvnia market, compared to bitcoin’s price in the U.S. dollar market following Russia’s invasion of Ukraine.

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Videos

How Ukrainian Government Is Using Crypto to Fight Against Russia Invasion

Michael Chobanian, Founder of Ukrainian crypto exchange KUNA, comes back to “First Mover” to discuss the growing role of cryptocurrency in the Russia-Ukraine crisis. Chobanian explains how crowdfunded crypto is being used to fund military aid, food and petroleum supplies.

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Videos

BTC Bounces Above $41K: Is Crypto a Wartime ‘Safe Haven’?

Mauricio Di Bartolomeo of Canadian crypto lending platform Ledn, joins “All About Bitcoin” to discuss BTC’s recent price surge above $41,000 as those affected by the Russia-Ukraine conflict turn to bitcoin apparently as a financial safe haven. As Ukrainian officials call for Russian and Belarusian crypto addresses to be frozen, Bartolomeo discusses the role of trading platforms during times of conflict, looking also at the enactment of the Emergencies Act in Canada during the trucker protests. 

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Ruble-Denominated Bitcoin Volume Surges as Russia-Ukraine Conflict Endures

In today’s “Chart of the Day” segment, data from Paris-based crypto research provider Kaiko shows that the volume of Russian ruble-denominated bitcoin has surged to a 9-month high of nearly 1.5 billion rubles following global sanctions on Russia. Additionally, Bitcoin-Ukrainian hryvnia volume has also spiked following the progression of the Russia-Ukraine conflict.

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Videos

The Debate on Whether or Not China’s Crypto Mining Ban Is Worsening Bitcoin’s Environmental Impact

A new study published in Joule claims that bitcoin’s environmental impact has worsened since China’s 2021 ban on cryptocurrency mining because miners moved their operations to countries with less renewable energy. “The Hash” dissects this report, comparing its findings with statistics from the Bitcoin Mining Council while also considering the human rights value of uncensorable money as seen in the Russia-Ukraine crisis.

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CrossTower CEO: Crypto’s Positive Impact in the Russia-Ukraine Crisis

Kapil Rathi, CrossTower Co-Founder & CEO, joins “First Mover” to examine the international markets’ response to the ongoing conflict between Russia and Ukraine. Rathi explains how the increased movement of bitcoin into Eastern Europe is facilitating help to those impacted by the war, stating “crypto was meant for citizens.”

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