Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana’s SOL Leads Altcoins

Bitcoin price on July 19 (CoinDesk)

On Friday, the cryptocurrency market staged a remarkable rally that stood in stark contrast to the ongoing decline in U.S. equities, which extended their losing streak. Bitcoin surged to a one-month high, gaining 5.5% in just 24 hours. As the crypto market gained momentum, Solana experienced a significant rise of 8%, crossing the $170 mark […]

After ‘Civil War’ and Anti-Immigrant Tweets, Ryan Selkis Told to Cool It by His Crypto Startup’s Leadership

Messari's Ryan Selkis (Suzanne Cordiero/Shutterstock for CoinDesk's Consensus)

“I ran too hot this week, and will address that in full soon.” Ryan Selkis, the founder and CEO of the crypto data platform Messari, is known for his outspoken presence on social media, often using X (formerly Twitter) to direct sharp criticisms at Gary Gensler’s Securities and Exchange Commission, among others. However, his recent […]

WazirX Hacked for $230M, Largely in SHIB, as Elliptic Says North Korea Behind Attack

One of the exchange’s multisig wallets experienced a security breach, the exchange confirmed in an X post. Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, leading to the loss of user funds and over $230 million in withdrawals. The exploiter is actively selling the stolen tokens, including $100 million […]

Crypto Exchange Kraken Paid Dave Portnoy Bitcoin in Sponsorship Deal

Barstool founder and CEO Dave Portnoy Michael HickeyGetty Images

The chief of Barstool Sports, Dave Portnoy, has made it clear that while he wouldn’t consider purchasing Bitcoin (BTC) at its current price levels, he is “always” open to accepting it as a form of payment. “I believe in it that much,” he stated. Portnoy shared that he took a substantial portion of his sponsorship […]

What is a Blockchain and How Does It Work?

Blockchain technology

Key Takeaways When Satoshi Nakamoto published the Bitcoin whitepaper, he shared his mission to develop a “purely peer-to-peer version of electronic cash that would allow online payment to be sent directly from one party to another without going through a financial institution” This version of electronic cash will be built on a peer-to-peer network that timestamps transactions […]