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



Opinion

The Blockspace Singularity

One of crypto's biggest flaws – a lack of mainstream use – could be going away.

universe-big-bang

Markets

First Mover Americas: Bitcoin Tops $71K After Best Day for ETF Inflows Since March

The latest price moves in crypto markets in context for June 5, 2024.

BTC price, FMA June 5 2024 (CoinDesk)

Markets

Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since March

This marked the best day of inflows since March and the second-highest overall since 11 bitcoin ETFs went live in January.

(Giovanni Calia/Unsplash)

Tech

Protocol Village: Coinbase Launches Passkey-Based 'Smart Wallet,' Alchemy Unveils 'Rollups,' Fleek Releases Testnet

The latest in blockchain tech upgrades, funding announcements and deals. For May 28- June 7.

Scene from Protocol Village at Consensus 2023 in Austin, Texas.

Markets

Uniswap, Starknet, BNB Lead Altcoin Gains as Bitcoin Hits $71K

Seventeen of the twenty assets in the CoinDesk 20 Index (CD20) booked gains, underscoring the uptrend in the broader crypto market.

Uniswap (UNI) price on June 4 (CoinDesk)

Opinion

You May Not Like It, but Casey Rodarmor Proves Bitcoin Is Permissionless

The creator of the Ordinals and Runes protocols discussed his motivations on stage at Consensus 2024.

Casey Rodarmor, creator of Ordinals, speaks at Consensus 2024 by CoinDesk. (CoinDesk/Shutterstock)

Markets

Bitcoin-Based Meme Coin DOG Rockets Toward $1B Market Cap

The meme coin is the largest asset to be launched on Runes protocol.

Leonidas's DOG•GO•TO•THE•MOON token secured a coveted satoshi during the fourth Bitcoin halving. (DOG•GO•TO•THE•MOON)

Finance

Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave

Cloud computing provider CoreWeave made an offer to buy the bitcoin miner for $5.75 per share, according to Bloomberg.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Tech

Bitcoin Layer 2 Ark Protocol's Team Forms New Firm as Lightning Network Competitor

Layer-2 protocol Ark is built to allow off-chain payments in a way that avoids what creator Burak Kecli referred to as "inbound liquidity" problem of Lightning.

Ark (Greg Reese/Pixabay)

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