Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages derivatives contracts to create a bitcoin-backed synthetic dollar pegged to … Read more

Kickstarting the Bitcoin Network: A Look at the Genesis Block and Source Code That Sparked a Financial Revolution

13 years ago today, the anonymous creator of the Bitcoin protocol kickstarted the network by mining the genesis block. Satoshi started the genesis block on Saturday, January 3, 2009, at precisely 1:15 p.m. (EST), and since then more than 700,000 blocks have been mined into existence. Kickstarting the Bitcoin Network Today, bitcoiners and cryptocurrency advocates … Read more

A Deep Dive Into Satoshi’s 11-Year Old Bitcoin Genesis Block

11 years ago today, Satoshi Nakamoto launched the Bitcoin network at approximately 18:15:05 UTC and the world hasn’t been the same since. The Bitcoin blockchain came to life on January 3, 2009, and so far, more than 600,000 blocks have been mined into existence. Nakamoto’s genesis block is special and the hardcoded block has a … Read more

Satoshi’s Pre-Release Bitcoin Code Contains Some Fascinating Findings

Cryptocurrency supporters have been discussing an early version of the original Bitcoin source code that surfaced this week. An old forum post and mailing list letter written by Satoshi suggests there was a private version of the code distributed to a few people before the launch of the network on Jan. 3, 2009. Also Read: … Read more