Genesis Block


Markets

Mysterious $1.2M Bitcoin Transaction to Satoshi Nakamoto Sparks Speculations

The wallet receiving the hefty payout is the address that mined the Bitcoin network's first-ever block reward some 15 years ago, commencing the start of the blockchain.

Satoshi Nakamoto published the Bitcoin white paper on Halloween Day in 2008. (Jonathan Borba/Unsplash, modified by CoinDesk)

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The Genesis Block: The First Bitcoin Block

Today marks the 15-year anniversary of when Satoshi Nakamoto mined the first Bitcoin block.

The Genesis Block marked the beginning of Bitcoin's remarkable history. (beat bachmann/Pixabay)

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FTX Collapse: Ontario Teachers' to Write Off FTX Stake; Genesis Block Reportedly Ceases Trading Services

Ontario Teachers' Pension Plan, one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection. And Genesis Block will cease over-the-counter (OTC) trading services in wake of contagion risks from the now-bankrupt FTX exchange, according to a Reuters report. Genesis Block Trading is unrelated to Genesis Global Capital, which is owned by Digital Currency Group (DCG). DCG is also the parent company of CoinDesk.

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Finance

Crypto Firm Genesis Block Ceases Trading Services Amid FTX Contagion: Report

The Hong Kong-based company was once Asia’s largest bitcoin ATM player.

Hong Kong, China Cityscape (Unsplash)

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How Has Bitcoin Changed Since the Genesis Block 13 Years Ago?

Bitcoin's hashrate mints a new all-time high as the network celebrates its 13th anniversary of the Genesis Block. Quantum Economics analyst Jason Deane says 200x to 250x of hashrate could be added to the Bitcoin network in 2022. He also discusses the "astronomical" investment in mining equipment right now and his bullish predictions for 2022.

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