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



Policy

Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce National Debt

The Wyoming senator brought a copy of her legislation to the stage at the Bitcoin Conference in Nashville.

Senator Cynthia Lummis on stage in Nashville with a copy of her bitcoin reserve bill (Danny Nelson/CoinDesk)

Policy

Trump Backs U.S. Bitcoin Reserve and Says Democrat Win Will Be Disaster for Crypto: 'Every One of You Will Be Gone'

Thousands of bitcoiners camped out for hours to see crypto's self-declared candidate on Saturday at the Bitcoin Conference in Nashville.

Bitcoin price could be tied to the outcome of the U.S. election, Jefferies said. (Danny Nelson/CoinDesk)

Finance

Wall Street's Cantor Fitzgerald to Open Bitcoin Financing, Lending Business

The financial services company will start with $2 billion in lending.

Howard Lutnick (Danny Nelson/CoinDesk)

Policy

Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut

After years of consequential silence on digital assets, the top Republican on the Senate Banking Committee stormed a Bitcoin 2024 stage as a booster.

U.S. Sen. Tim Scott, the Banking Committee's top Republican, has joined former President Donald Trump as a crypto booster. (Justin Sullivan/Getty Images)

Finance

Trump Speaks Saturday at the Bitcoin Conference. Here's What Attendees Like 'The Crypto Patriot' Hope He Says.

“I want to hear [Trump] give a bold statement on the future of crypto and spark up what we all want," one person said.

Donald Trump (Brandon Bell/Getty Images)

Markets

Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor

The crypto would require an average annual return of 29% between now and 2045 to reach that level, he said.

MicroStrategy's Michael Saylor (Jason Koerner/Getty Images for Bitcoin Magazine)

Tech

Bitcoin Layer 2 Rootstock Verifies Zero-Knowledge SNARK

Rootstock verified the SNARK using BitVMX, which is Rootstock's modified version of BitVM

16:9 Roots (PDPhotos/Pixabay)

Markets

First Mover Americas: Bitcoin Regains $67,000, Adds Nearly 5% in 24 Hours

The latest price moves in crypto markets in context for July 26, 2024.

BTC price, FMA July 26 2024 (CoinDesk)

Markets

Elon Musk’s X Quietly Removes Bitcoin, MAGA Emojis From Hashtags

Logos for several tokens started to first appear on X, previously Twitter, in 2020, as a step to improve brand adoption and recall on the internet.

Bitcoin sculpture made from scrap metal outside the BitCluster mining farm in Norilsk, Russia. (BitCluster)

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