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's 'OP_CAT' Possibilities Teased in StarkWare Test Project

StarkWare used its new STARK verifier on the Signet network, a testing environment for Bitcoin, in a proof-on-concept project designed to demonstrate what the oldest blockchain might be capable of were the pending "OP_CAT" technical proposal to get adopted.

StarkWare CEO Eli Ben-Sasson (Margaux Nijkerk)

Finance

'It's a Bitcoin Play': Mark Cuban Says Silicon Valley's Embrace of Trump Revolves Around Crypto

Cuban: "You can't align the stars any better for a BTC price acceleration."

Mark Cuban (David Berding/Getty Images)

Tech

Protocol Village: Arthur Hayes-Backed Maelstrom Pledges Grants for Open-Source Bitcoin Devs

The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 11-17.

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

Markets

First Mover Americas: Bitcoin Bulls Eye $70K After Return to $66K

The latest price moves in crypto markets in context for July 17, 2024.

BTC price, FMA July 17 2024 (CoinDesk)

Markets

Deribit's New Bitcoin, Ether Options Tied to U.S. Elections Get Thumbs Up From Crypto Traders

Traders said these options will help define risk and protect capital from expected volatility in the lead-up to and following the binary event.

Monument, president. (TheDigitalArtist/Pixabay)

Markets

Ether Spot ETF Inflows Will Push ETH to Beyond $5K: Bitwise

It may not happen immediately and price action could be choppy to start due to outflows from the Grayscale Ethereum Trust, after it converts to an ETF, the report said.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Policy

U.S. Senator Who Called Bitcoin 'Ideal Choice for Criminals' Is Convicted of Bribery

Menendez's sentencing has been scheduled for October 29 and he could face decades in prison.

Sen. Bob Menendez (D-NJ) exits Manhattan federal court on July 16 as a jury found Menendez guilty of accepting bribes. (Adam Gray/Getty Images)

Markets

Bitcoin ETF Inflows Hit Six-Week High of $422.5M

BTC's price has recovered 23% since hitting lows near $53,500 on July 5.

Spot BTC ETFs: Daily net inflows. (Coinglass)

Markets

Bitcoin Hits $65K Shaking Off Mt. Gox Payout Worries; XRP Leads Crypto Rally

The Mt. Gox distribution will not end the bullish trend, CryptoQuant's CEO noted.

Bitcoin price on July 16 (CoinDesk)

Opinion

ETF Stands for 'Everything That Fits'

First Bitcoin, then Ethereum, now Solana. ETF issuers will stop at nothing so long as they believe they can make money.

A messy kitchen sink. (Yinan Chen, Public Domain, via Wikimedia Commons)

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