Blockchain Bites: Iran and Russia Revisit Crypto Regulations, Bitcoin Pizza Day 10 Years Later

News ‘Diet’ Laszlo Hanyecz has the honor of conducting the first commercial Bitcoin transaction: trading 10,000 bitcoin for about $30 worth of pizza. Ten years later, those bitcoin would be worth $91 million. He apparently has no regrets. “It was a really interesting system but nobody’s using it,” Hanyecz said. “If nobody’s using it, it […]

Continue Reading

Blockchain Bites: Satoshi’s Sword of Damocles

Top Shelf Yesterday, some of the earliest mined bitcoin moved after more than a decade of dormancy. Whale Alert – a popular, mostly-automated Twitter account that tracks major crypto transactions – broadcasted the message across the cryptoverse, saying 40 coins mined in the first month of the network’s operation had transferred from a “possible #Satoshi […]

Continue Reading

Blockchain Bites: Last Day of Consensus, Will Crypto Save the Internet?

Top Shelf Consensus: Distributed ended on a high note with a keynote address from Juan Benet, founder of Protocol Labs, who granted a rare interview as he closed out the week-long virtual conference.  Speaking widely on the topics of decentralization and Web 3.0, Benet said, “the internet has become dramatically more important to us.” Over a […]

Continue Reading

What to Watch at Consensus: Distributed Day 4 – IBM and the World Economic Forum

Top Shelf On Wednesday we learned less than a 1% of the total suspicious activity reports filed with the Financial Crimes Enforcement Network since 2013 were crypto-related.   Speaking at a workshop on FATF’s Travel Rule, FinCEN Director Kenneth Blanco said the financial watchdog uses these reports to map out IP and wallet addresses that are linked to potential criminals. Other speakers […]

Continue Reading

What the Bitcoin Halving Means for Miners and Prices

Predictions and price models proliferate ahead of Bitcoin’s programmatic halving, expected in less than two weeks. While some are turning to esoteric economic models to make the claim that the occasion will be bullish for the largest cryptocurrency by market cap, others believe it’ll be a non-event. Still, the halving is already showing real-world effects, […]

Continue Reading

First Mover: As Fed Assets Top $6T, BitMEX Has Some Inflation-Busting Advice

Bitcoin has been relatively stable in recent days, pausing after a powerful rally that saw prices nearly double in under a month. What hasn’t paused is the Federal Reserve’s money machine: A report late Thursday showed that the central bank’s total assets surged this week above $6 trillion for the first time in its 107-year history. You’re reading First Mover, CoinDesk’s […]

Continue Reading