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 Startup Satflow Targets 'Mempool Sniping' in New Token-Trading Rival to Magic Eden

The project, which recently raised $7.5 million, says the new decentralized exchange (DEX) will target the market for Bitcoin-based tokens including Ordinals NFTs and Runes fungible tokens – aiming to curb unsavory transactional practices that are possible due to the blockchain's long block times.

Satflow takes aim at the practice known as 'mempool sniping' in new decentralized exchange for trading Ordinals and Runes tokens (A.B. Frost/Wikipedia, modified by CoinDesk using PhotoMosh)

Tech

Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian's Director

Robert Liu, a member of the board of Hong Kong-based BiT Global, which was recently added by BitGo as an additional custodian to the bitcoin-on-Ethereum token known as wrapped bitcoin (WBTC), notes in an exclusive interview that Tron founder Justin Sun has come to the aid of customers in the past.

Tron party at Bitcoin Nasvhille (Bradley Keoun)

Policy

Peter Todd Says Even Reports of His 'Going Into Hiding' Are Exaggerated

Weeks after a widely panned HBO documentary claimed Todd is Bitcoin creator Satoshi Nakamoto, Wired reported the former Core dev is avoiding the public eye. Yet he's speaking at conferences.

Former Bitcoin developer Peter Todd, left (HBO)

Markets

First Mover Americas: BTC's Fall Below $67K Prompts Broad Market Dip

The latest price moves in crypto markets in context for Oct. 23, 2024.

BTC price, FMA Oct. 23 2024 (CoinDesk)

Markets

Musk’s Tesla Still Holds $780M Bitcoin, Arkham Says, Ahead of TSLA Earnings

Those wallets continue to hold that BTC and haven’t sent any to crypto exchanges as of Wednesday, which is usually a sign of sales.

Tesla Charging Station Electric Car  (Blomst/Pixabay)

Markets

Bitcoin Mining Difficulty Hits All-Time High as Mining Revenue Rises; Signals Upcoming Bull Run

Bitcoin mining difficulty jumps 3.9%, hits 95.67T on Tuesday, amid record hashrate.

Miner Revenue vs Yearly Average (Glassnode)

Markets

Bitcoin Is Going to $80K Regardless of Trump or Harris Win, Traders Say

There are skewed expectations of a Republican win as better for bitcoin. However, some say the asset is poised to go higher either way as several macroeconomic factors weigh in.

Trump and Harris debating on CNN. (Sam Reynolds/CoinDesk)

Finance

Bitcoin Exchange River Financial Allowing Users to Earn BTC Interest on Cash Deposits

Not a bank itself, River has teamed up with Lead Bank, a member of the FDIC, meaning user deposits are protected up to the value of $250,000

River (hunter-er/Pixabay)

Markets

Paul Tudor Jones: 'All Roads Lead to Inflation;' He's Long Bitcoin and Gold

The U.S. government's debt and deficit issues aren't going anywhere no matter who wins the presidency next month, said Jones.

Paul Tudor Jones, founder of Tudor Investment Corporation and The Robin Hood Foundation. (Kevin Mazur/Getty Images)

Markets

More Than Arbitrage: $2.5B Inflow in Spot BTC ETFs Features Bullish Directional Bets

Institutions seem to be moving away from traditional cash and carry arbitrage to pure directional plays, according to observers.

(Aaron Burden/Unsplash)

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