Builders on Wall Street: Bitcoin Devs Host Lightning Hack Day

It was described as “not a normal conference.” Sure, speakers took to the podium to present their futuristic ideas – a staple at the cryptocurrency space’s many, many conferences. But the Lightning Hackday, which took place in the heart of Wall Street on October 27th and 28th, was all-in-all more of a community-led endeavor with […]

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Bitcoin Brought Us a New World We Could Have Only Imagined

Mike Belshe is the co-founder and CEO of BitGo. This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series. In the 10 years since the bitcoin white paper was released, our understanding of the world around us has changed. The introduction of a global, digital currency that can exist […]

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Bitcoin’s White Paper: The Blueprint for a Payments Model T

David Schwartz is CTO at Ripple. This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series. In 1991, my patent for a multi-level distributed computer network was granted. I was working on graphics rendering problems requiring significant amounts of CPU power and wanted to distribute computing-intensive tasks to a […]

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The Double-Spend (What Bitcoin’s White Paper Solved Forever)

Bill Barhydt is the founder and CEO of Abra. This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series. I remember reading Satoshi Nakamoto’s bitcoin white paper for the first time a few weeks after it was released. I also remember the phrase that really grabbed my attention: “We […]

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Tether Just Burned 500 Million USDT Stablecoin Tokens

UPDATE (24 October 19:25 UTC): This article has been updated to include comments from a Bitfinex spokesman. Shortly before 1:00 p.m. ET Wednesday, Tether, the company behind the dollar-linked stablecoin of the same name, announced via Twitter that it had destroyed 500 million tether (USDT) tokens. Previously, those tokens were held in an account known […]

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What China’s Cashless Revolution Can Teach the West About Crypto

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cash appears to be disappearing from China’s teeming cities. Foreign tourists talk of struggling to […]

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Tether Floods Into Kraken Exchange, Where Crypto Traders Can Get Dollars

Tether (USDT) tokens are flooding into a wallet address controlled by the Kraken exchange, one of the few places where the troubled stablecoin can be converted into U.S. dollars. The exchange’s wallet balance stands at nearly 47.8 million USDT at the time of writing, making it the eighth-most valuable wallet holding this asset, according to the […]

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Huobi’s US Exchange Sees 30% Boost in Trading for Tether Alternative

A U.S. cryptocurrency exchange is reporting a significant increase in trades between tether (USDT), the controversial stablecoin that lost its dollar peg this week, and a newer alternative called TrueUSD. At HBUS, the U.S. affiliate of the Singapore-based Huobi exchange, both deposits and withdrawals of USDT “have increased by over 10x over the last two days,” a company spokesperson told […]

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