Bitcoin News

Bitcoin (BTC) was created by the pseudonymous Satoshi Nakamoto in 2008 as the world's first successful cryptocurrency, solving the double-spending problem that had plagued previous digital cash experiments. Operating on a decentralized proof-of-work blockchain, Bitcoin enables peer-to-peer transactions without intermediaries, with its monetary policy enforced through cryptographic consensus rather than central authority.

The Bitcoin network is maintained by miners who secure transactions and earn newly minted bitcoin, while a global ecosystem of traders, institutional investors, developers, and businesses continues expanding its adoption. From El Salvador's legal tender status to corporate treasury adoption by companies like MicroStrategy and Tesla, Bitcoin has evolved from a cryptographic experiment into a recognized store of value and inflation hedge.

At CoinDesk, we deliver breaking Bitcoin news and in-depth analysis covering everything from price movements and institutional adoption to technological developments and regulatory shifts. Our team tracks Bitcoin ETF launches, mining industry changes, Lightning Network growth, and the ongoing debates shaping cryptocurrency's future.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Finance

Michael Saylor Conjures Stock Market Magic With Giant Plan to Buy More Bitcoin

Normally, a $21 billion equity offering by a company only worth just over double that amount would tank the issuer's stock price. But the economics around corporate America's biggest bitcoin bull are different.

By Helene BraunOct 31, 2024

MicroStrategy Executive Chairman Michael Saylor (Credit: CoinDesk/Danny Nelson)

Markets

Ether Tumbles 5.8%, Leading Large Crypto Losses, With Bitcoin Sliding Below $71K

Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.

By Krisztian SandorOct 31, 2024

Bitcoin (BTC) price on Oct. 31 (CoinDesk)

Tech

Bitcoin Rollup Citrea Aims to Make BTC a Programmable Asset With ZK Proofs, Raises $14M Series A

The goal of allowing greater utility on the Bitcoin blockchain is one of almost existential importance, according to Citrea.

By Jamie CrawleyOct 31, 2024

A photo of Citrea's four co-creators (Citrea)

Markets

First Mover Americas: Bitcoin Returns to $72.5K in Muted Market Activity

The latest price moves in crypto markets in context for Oct. 31, 2024.

By Jamie Crawley, Omkar GodboleOct 31, 2024

Markets

Bitcoin Prices Take Breather as BTC ETFs Record Another Day of Monster Inflows

Strong net flows into bitcoin exchange-traded funds indicate robust institutional demand as BTC dominance rises at the expense of ether, one trader noted.

By Shaurya MalwaOct 31, 2024

Ethereum ETFs drew in inflows despite ETH's plunge on Monday.(Shutterstock)

Finance

Michael Saylor's MicroStrategy Plans to Raise $42B to Buy More Bitcoin Over Next 3 Years

The company reported its third quarter earnings results after the close of trading on Wednesday afternoon.

By Stephen AlpherOct 30, 2024

Markets

Institutional Investors Position for Bitcoin Volatility Into the U.S. Election

Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.

By Krisztian SandorOct 30, 2024

Matador. (Credit: Paul Kenny McGrath/Unsplash)

Markets

Degens Are Searching for Further Leverage on MicroStrategy and Winning Massively

The T-REX 2X long MSTR Daily Target ETF (MSTU) has rallied 235% since its introduction six weeks ago, an annualized equivalent return of 57,000%, according to Bloomberg analysis.

By James Van StratenOct 30, 2024