Bitcoin News
Bitcoin (BTC) is a peer-to-peer cryptocurrency, originally described in a 2008 paper by the pseudonymous Satoshi Nakamoto. Launched in January 2009, it was the world’s first cryptocurrency, and remains the most popular, with the highest market capitalization of all cryptocurrencies.
Bitcoin was built on several key innovations. Firstly, Nakamoto guaranteed that Bitcoin transactions were immutable, by recording all transactions on a distributed ledger known as a blockchain. Secondly, he ensured Bitcoin’s scarcity by capping the total number of Bitcoin in existence at 21 million. Finally, the community was incentivized to verify transactions by receiving rewards in the form of “mined” Bitcoin for checking the accuracy of the blockchain.
Edward Snowden, the former National Security Agency (NSA) employee turned whistleblower, warned Bitcoiners Friday that their support of crypto-friendly politicians should be tempered.
“Cast your vote but don’t join a cult,” he said, while speaking virtually to thousands of attendees gathered around a main stage at this year’s annual Bitcoin conference in Nashville.
At the beginning of his talk, Snowden said that he didn’t want to make his talk about politics. But his plea was later reprised as c...
No Bitcoin conference would be complete without an injection of bullish optimism from Michael Saylor, and the executive chairman of MicroStrategy delivered on that promise in Nashville Friday.
The macroeconomic stars have aligned to send Bitcoin to the moon, Saylor believes, predicting that Bitcoin’s market capitalization will reach $280 trillion by 2045, overshadowing categories like art and gold. That’s an increase of roughly 280X from its current market cap of just over $1 trillion.
Saylor is...
Elon Musk’s Twitter (aka X) is making more and more changes: A special Bitcoin emoji tied to a hashtag has been removed from the social media platform just as the world’s biggest crypto conference, Bitcoin 2024, kicks off in Nashville. But it appears to be part of a broader move to get away from what Musk recently described as "special hashtags."
Previously, users could type the hashtag “#Bitcoin” and the logo of the biggest cryptocurrency would appear alongside it. That now doesn’t work—and the...
On Saturday, crypto advocates will tune into perhaps the most anticipated political speech in the industry’s short history: former president Donald Trump’s address at the Bitcoin 2024 conference, which is currently underway in Nashville.
At a crucial juncture in the 2024 presidential election, what with the recent attempt on Trump’s life and the shake-up at the top of the Democratic ticket, the eyes of the nation will be on Nashville tomorrow with crypto locked in as the topic of discussion.
Tr...
Hardware wallet manufacturer Ledger has announced the launch of its new Ledger Flex wallet, which builds on the design language and E Ink touchscreen interface established with its previous Stax model.
Priced at $249, the Ledger Flex sits beneath the premium $399 Ledger Stax in the firm's line-up of devices. It sports a 2.8” E Ink capacitive touchscreen display with 600 x 480 pixel resolution—but without the Stax's Tony Fadell-designed curved screen. It comes in one of two colorways; the firm's...
Staunch crypto critic Sen. Elizabeth Warren (D-MA) has claimed that crypto mining operations in the U.S. represent a threat to national security, with "foreign adversaries" running crypto mining outfits that could be used "to spy on U.S. military operations."
At a hearing of the Senate Committee on Banking, Housing, and Urban Affairs on Thursday, Warren posed questions to the Assistant Secretary for Investment Security, Department of the Treasury, Paul Rosen, on the threat posed by foreign-owned...
The crypto market fended off further losses on Thursday, with large-cap coins Bitcoin and Ethereum regaining price milestones seen during the beginning of the week.
Over 24 hours, Bitcoin has risen 4.5% to just below $67,000, while Ethereum has clinched a 2.1% gain to $3,250, data from CoinGecko shows.
Crypto dived late Wednesday evening amid a flurry of liquidations following significant losses felt across the broader market, with tech stock dragging major indices lower.
Though the market has s...
Orange is in vogue at Bitcoin 2024 in Nashville this week, but this year’s crypto confab attracted its fair share of attendees adorned in red.
Former President Donald Trump’s name was plastered across the conference Thursday, on several adverts and pieces of memorabilia. While his keynote speech was still two days away, bright baseball caps dotting the conference floor underscored his supporters' presence.
“This will bring a lot more trust to it,” an attendee named Nico, who declined to provide...
The mayor of Jersey City announced on Thursday that the second-largest city in New Jersey is seeking to allocate a portion of its pension fund to spot Bitcoin ETFs.
“The question on whether crypto/Bitcoin is here to stay is largely over,” Mayor Steven Fulop said in a Twitter post. “Crypto/Bitcoin won.”
Fulop announced that the Employees’ Retirement System of Jersey City, a pension plan for city employees, is currently updating paperwork with the U.S. Securities and Exchange Commission (SEC) to...
A new survey has upended common assumptions about Bitcoin ownership, revealing that political affiliation plays little role in cryptocurrency adoption.
The research—conducted by Professor Andrew Perkins of Washington State University and Professor Troy Cross of Reed College—aimed to identify key factors influencing Bitcoin adoption in the United States.
“What we found was definitely our most shocking result,” Cross wrote on Twitter. ”We thought Bitcoin ownership would skew towards the politica...
The Bitcoin fans that flocked to Nashville this year aren’t fixated on the asset’s price. Instead, they’re soaking in bull-market vibes and mingling with like-minded attendees.
For many, this year’s confab isn’t their first rodeo. Still, times have changed since Bitcoin’s price hovered around $28,000 in Miami the last time around, just 14 months ago.
At the conference’s front entrance, a sign prohibits your typical conference no-nos like outside food and drinks or e-cigarettes. But the warning “...
Amid growing rumors that President Donald Trump wants to establish a U.S. Bitcoin reserve, rival presidential candidate Robert F. Kennedy Jr. says he’d take things an enormous step further.
During a Wednesday interview, the independent candidate said he’d push the federal government to buy Bitcoin until the size of its BTC holdings matched the nation’s gold reserves.
The U.S. government is the world’s largest owner of gold, boasting 8,134 tons of the precious metal. At current prices, that’s $61...
Bitcoin to the moon? Prestigious asset manager VanEck certainly thinks so: the New York City-based firm said in a report this week that the biggest cryptocurrency by market cap could hit a price of more than $2.9 million per coin by the year 2050.
And that’s not even the bullish prediction. The firm’s digital assets research team added that if current reserve currencies continue to decline in importance, Bitcoin becomes an attractive option as a result, and scaling networks improve, then the as...
Marathon Digital, the world’s largest Bitcoin mining firm, announced on Thursday that it has purchased $100 million worth of BTC for its balance sheet.
That brings the mining giant’s total Bitcoin holdings up to 20,000 BTC, worth $1.28 billion at present. Going forward, the company doesn’t plan to sell a single satoshi (aka the smallest unit of Bitcoin).
“Effective immediately, MARA will once again adopt a full HODL strategy,” Marathon said on Twitter. “The company plans to retain all Bitcoin mi...
Ethereum spot exchange traded funds (ETFs) are trading in the US, but you might not guess it from looking at the price.
In fact, ETH has sunk 8.2% over the week since the ETFs went live. This has caused investors to question when Ethereum’s price will start to rise as a result of the new funds buying ETH and creating more scarcity. Market analysts and crypto experts believe it'll be some time before the new ETFs start making an impact.
“When observing the current price of Ethereum (ETH), it is...
The much-anticipated launch of Ethereum spot ETFs has failed to ignite the market as expected, with Grayscale's Ethereum Trust ETF bearing the brunt of investor skepticism.
Wednesday saw a staggering $133 million net outflow from ETH spot ETFs, with the Grayscale Ethereum Trust (ETHE), which was converted to a spot ETF on Tuesday, hemorrhaging $327 million, according to data from SoSo Value.
While the firm's newly created Grayscale Ethereum Mini Trust (ETH) managed to attract $46 million in in...
The Core Foundation, promoting a Bitcoin-powered blockchain, on Thursday announced the introduction of a dual staking model for the Core blockchain. It builds upon Core's existing non-custodial Bitcoin staking system, which was launched earlier this year.
The dual staking model allows Bitcoin holders to earn higher yields by staking both Bitcoin and CORE tokens, according to a press release shared with Decrypt.
While users can continue to stake only Bitcoin for a base "risk-free rate," those who...
Traders betting on a crypto price increase were forced to close their positions quickly late Wednesday as the world's largest cryptocurrency sagged.
Over the past 24 hours, long liquidations in the crypto market have spiked to $220.7 million, making up the majority of positions betting on a direction in prices. An additional $32 million in short positions were also liquidated, according to CoinGlass data.
Most of the liquidations were attributed to Ethereum, accounting for $17.5 million, followe...
A lone-wolf Bitcoin miner hit the jackpot today by processing a block on the biggest cryptocurrency’s network.
The block contained 4,365 transactions and was processed at 12:43pm ET on Wednesday. The miner received 3.19 BTC for processing the block—today worth around $210,000.
First flagged on X (aka Twitter) on Wednesday by journalist Pete Rizzo, the miner processed block 853,742 of the Bitcoin blockchain.
HISTORY: A $200 at-home #Bitcoin miner just mined a block worth OVER $200,000
They bea...
Swiss privacy software developer Proton AG is entering the cryptocurrency space with the launch of a self-custody Bitcoin wallet named Proton Wallet, the company announced on X (aka Twitter) on Wednesday. The announcement comes as the Bitcoin faithful flock to Nashville, Tennesse, for Bitcoin 2024.
The new Proton Wallet, Proton said, is open source, and automatically uses a different Bitcoin address from a pool of addresses generated for each user, making it more difficult to connect the transac...