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

Tech

Bitcoin Nashville Conference in Pictures: Orange Athena, Pink Suits, Polymarket Swag, Trump's Song

Surreal doesn't begin to describe the combination of visuals collected from last week's festival-style gathering in homage to the oldest and largest cryptocurrency, punctuated by former U.S. President Donald Trump's pro-crypto speech to an adoring crowd.

By Bradley KeounJul 29, 2024

Bitcoin Nashville attendees queued up early on Saturday to get into the conference venue, Music City Center, ahead of former President Donald Trump's speech (Bradley Keoun)

Markets

Bitcoin Prices See Wild Trading as Trump Plans to Establish BTC as U.S. Strategic Asset

Over $24 million in bitcoin longs were liquidated in the past hour, data shows, amid Trump's speech at Bitcoin 2024.

By Shaurya MalwaJul 27, 2024

Donald Trump (Brandon Bell/Getty Images)

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.

By Danny NelsonJul 27, 2024

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.

By Danny Nelson, Bradley Keoun, Shaurya Malwa, Benjamin Schiller, Aoyon AshrafJul 27, 2024

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.

By Danny NelsonJul 27, 2024

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.

By Jesse HamiltonJul 26, 2024

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.

By Danny Nelson, Bradley Keoun, George KaloudisJul 26, 2024

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.

By Stephen AlpherJul 26, 2024

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

Podcasts

CoinDesk Markets Week in Review

By CoinDeskJul 26, 2024

Key Bitcoin Support Levels to Watch as Volatility Rises

Tech

Bitcoin Layer 2 Rootstock Verifies Zero-Knowledge SNARK

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

By Jamie CrawleyJul 26, 2024

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