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 Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement

Solana's SOL, Avalanche's AVAX and Render's RNDR led the crypto rally as almost all but one member of the CoinDesk 20 Index posted gains.

By Krisztian SandorOct 11, 2024

Markets

Mt. Gox Postpones Repayment Deadline to 2025, Allaying Concerns of Bitcoin Selling Pressure

Crypto wallets linked to the defunct exchanges still hold $2.8 billion of bitcoin after having distributed about $6 billion worth of assets to creditors earlier this year.

By Krisztian SandorOct 11, 2024

Mt. Gox Creditor Kolin Burges confronts Former Mt. Gox CEO Mark Karpeles (CoinDesk)

Markets

MicroStrategy Soars to 25-Year High, With 'NAV Premium' the Widest Since 2021

The stock has gained 4% since bitcoin hit an all-time high in March, while bitcoin itself has declined 16%.

By James Van StratenOct 11, 2024

MicroStrategy executive chairman and co-founder Michael Saylor. (Danny Nelson/CoinDesk)

Markets

First Mover Americas: Bitcoin Trims Thursday's Inflation-Led Losses

The latest price moves in crypto markets in context for Oct. 11, 2024.

By Jamie Crawley, Omkar GodboleOct 11, 2024

Markets

Bitcoin on Track for Record Sideways Action, With Eyes on November Elections as Bullish Catalyst

Bitcoin's boring price action, characterized by continued accumulation by small investors, is being attributed to reasons including U.S. election uncertainty and an uptick in Treasury yields.

By Shaurya MalwaOct 11, 2024

Despite declining Wednesday, BTC may be in a potential upswing. (Luke Chui/Unsplash)

Markets

Bitcoin Favored Over Ether Even as Trump Widens Lead Over Harris

Ether traders display a stronger inclination to mitigate potential downside risks than bitcoin,

By Omkar GodboleOct 11, 2024

Markets

Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return

Trump's odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the broader crypto market is stagnant despite hopes of another round of stimulus in China.

By Shaurya MalwaOct 11, 2024