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.

Markets

Bitcoin Breaks Above $70K as Crypto and U.S. Stocks Move Higher Early on Election Day

Semler Scientific's 26% gain following quarterly results was leading the advance for crypto-linked stocks.

By Stephen AlpherNov 5, 2024

LAS VEGAS, NEVADA - SEPTEMBER 13: Republican presidential nominee, former U.S. President Donald Trump, watches a video of Vice President Kamala Harris during a campaign rally at The Expo at World Market Center Las Vegas on September 13, 2024 in Las Vegas, Nevada. With 53 days before election day, Former President Trump continues to campaign. (Photo by Justin Sullivan/Getty Images)

Markets

MicroStrategy's Ambitious $42B Bitcoin Acquisition Plan Is Not Without Risks, CoinShares Says

The company requires financing conditions to remain agreeable, and there needs to be continued investor demand for the firm's convertible debt, the report said.

By Will CannyNov 5, 2024

MicroStrategy Executive Chairman Michael Saylor (CoinDesk)

Markets

First Mover Americas: Crypto Market Little Changed as U.S. Votes

The latest price moves in crypto markets in context for Nov. 5, 2024.

By Jamie Crawley, Omkar GodboleNov 5, 2024

Markets

Bitcoin Mining Difficulty Tops 100T for First Time, Piling Pressure on Small Miners

The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.

By James Van StratenNov 5, 2024

BTC: Miner percent mined supply spent (Glassnode)

Markets

Long Bitcoin Short Solana Preferred Tactical Trade Heading Into U.S. Election: 10X Research

Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.

By Omkar GodboleNov 5, 2024

A person looking at multiple trading screens. (sergeitokmakov/Pixabay)

Markets

Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show

"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week," one observer said, noting pricier puts on the CME.

By Omkar GodboleNov 5, 2024

Markets

BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets

A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet.

By Shaurya MalwaNov 5, 2024

Down Arrow spray painted on a brick wall (Shutterstock)

Finance

First UK Pension Fund Invests in Bitcoin

Moving bitcoin into pension schemes is “a bold step that reflects the forward-thinking nature of the trustees involved,” pension specialist Cartwright told Corporate Advisor magazine.

By Helene BraunNov 4, 2024