Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others
The company announced the news alongside its first quarter earnings report on Thursday afternoon.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6F3KI6QD45FANMOE6J45VLBAAA.jpg)
Sponsored
May 2, 2024 at 8:46 p.m. UTC
May 2, 2024
Bitcoin
:format(webp)/downloads.coindesk.com/arc/failsafe/placeholders/16x9.png)
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
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FYJY2ADPIRAHLIBMBYTPCIF7VU.png)
Crypto Update | Is the Bull Market Over? And Why Stablecoins Aren't Hitting Centralized Exchanges?
The latest price moves and insights with Jenn Sanasie and Co-Founder and CEO at Nansen, Alex Svanevik.
Sponsored
May 2, 2024 at 4:36 p.m. UTC
May 2, 2024
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4V3PLAJWKND5ZJLKFCDRGFKAHA.jpg)
Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says
Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.
Sponsored
May 2, 2024 at 4:00 p.m. UTC
May 2, 2024
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZUERN56NQ5BLTFWMCRVC4ET3RQ.jpg)
U.S. Senate's Warren Warns National Security Chiefs About Iranian Crypto Mining
In a letter to top officials, Sens. Elizabeth Warren and Angus King flagged Iran's reliance on cryptocurrency mining as a way to evade sanctions pressure.
Sponsored
May 2, 2024 at 3:46 p.m. UTC
May 2, 2024
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UK44TNET4ZFIFAX2JQSWJQJSTU.jpeg)
Protocol Village: Polyhedra Says Open-Source ZK Proof System 'Expander' 2x Faster Than Alternatives
The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 2-8.
Sponsored
May 2, 2024 at 3:25 p.m. UTC
May 2, 2024
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/M3MDMMGSVVDAPDS2NLQBWP2BS4.JPG)
First Mover Americas: BTC Stabilizes Around $58K Following Yesterday's Rout
The latest price moves in crypto markets in context for May 2, 2024.
Sponsored
May 2, 2024 at 12:07 p.m. UTC
May 2, 2024
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HEEN4UFIZJFCTCEYFFGLGEEOIA)
Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity
The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.
Sponsored
May 2, 2024 at 11:48 a.m. UTC
May 2, 2024
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RH7TTJSDQJEEJNCLZDY4DDELOI.jpg)
Bitcoin 'Call Writing' Back in Vogue as Cash And Carry Strategy Loses Shine
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
Sponsored
May 2, 2024 at 9:36 a.m. UTC
May 2, 2024
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5C3FOLWHWVCEFM2XXGVNT36MTM.png)
BlackRock's Bitcoin ETF Posts First Day of Outflows, Leading Record $563M Exit From U.S. Spot Products
Fidelity's FBTC, not GBTC, led outflows on Wednesday in what may be an alarming development for the bulls.
Sponsored
May 2, 2024 at 5:37 a.m. UTC
May 2, 2024
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YNRJS45FNRADVAN64VMA4PNQTU.jpg)
Bitcoin's Ethereum-Style Programmability Could Come in 12 Months, Rootstock Founder Says
The new project would build off the much-discussed "BitVM" design released last year by developer Robin Linus, which has kindled hopes that the oldest and largest blockchain c...
Sponsored
May 1, 2024 at 5:32 p.m. UTC
May 1, 2024