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.

Policy

Pennsylvania House of Representatives Passes Crypto Bill to Bring Regulatory Clarity: Report

The bill aims to provide regulatory clarity for digital assets, including self-custody rights, bitcoin payments, and transaction taxation.

By Shaurya MalwaOct 25, 2024

Pennsylvania State Capitol. (Shutterstock)

Finance

Microsoft Urges Shareholders to Vote Against a Proposal to Assess Bitcoin as a Diversification Investment: Filing

The proposal from the National Center for Public Policy Research, a conservative think tank, argues that bitcoin is an “excellent, if not the best, hedge against inflation.”

By Helene BraunOct 24, 2024

Microsoft Offices, Mountain View, Ca. (Getty/David Pu'u)

Markets

Bitcoin Climbs 3% to Retake $68K With Solana Outperforming, Ether Showing Relative Weakness

Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.

By James Van Straten, Tom CarrerasOct 24, 2024

Tech

Chainlink Expands to Bitcoin, Helping Original Blockchain With Its Layer-2 Shift

Chainlink's service is an integral part of most major blockchains but has not featured on Bitcoin until now.

By Jamie CrawleyOct 24, 2024

Chainlink co-founder Sergey Nazarov speaks at the project's SmartCon conference in Barcelona. (Chainlink)

Tech

Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi

The goal is to create trust-minimized bridges between itself and other layer-1 blockchains, according to the abstract of a new "vision paper" shared with CoinDesk.

By Jamie CrawleyOct 24, 2024

Markets

First Mover Americas: BTC Rebounds to $67K After Subdued U.S. Economic Data Reading

The latest price moves in crypto markets in context for Oct. 24, 2024.

By Jamie Crawley, Omkar GodboleOct 24, 2024

Markets

Solana Looks Overbought Against Ethereum; Bitcoin-Gold Ratio Stuck in a Downtrend

The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.

By Omkar GodboleOct 24, 2024

The RSI shows overbought conditions. (TradingView/CoinDesk)

Markets

Gold Rally Needs to Pause for Bitcoin Price to Break All-Time High, Data Suggests

In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.

By James Van StratenOct 24, 2024

Markets

Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains

Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.

By Shaurya MalwaOct 24, 2024