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

U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows

The office of Senator Cynthia Lummis, who proposed the strategic reserve at the Bitcoin Nashville conference on Saturday, shared a draft of the legislation with CoinDesk.

By Bradley KeounJul 30, 2024

Senator Cynthia Lummis on stage in Nashville with a copy of her bitcoin reserve bill (Danny Nelson/CoinDesk)

Policy

Making Bitcoin a Strategic Reserve Asset Contradicts 'Freedom From Government' Narrative, Says WSJ

The plan, which sounds similar to a proposal from Sen. Cynthia Lummis’ (R-Wyo.), doesn’t echo “freedom, sovereignty and independence from government coercion and control,” which former president Donald Trump said is what bitcoin stands for.

By Helene BraunJul 30, 2024

Former President Donald Trump (Jon Cherry/Getty Images)

Podcasts

Anthony Pompliano on Why Bitcoin Is a '20-Plus-Year' Investment

By Helene Braun, Jennifer SanasieJul 30, 2024

Key Bitcoin Support Levels to Watch as Volatility Rises

Markets

Key Interest Rate Decisions Coming This Week From Fed, BOJ, BOE

The Fed is expected to hold policy steady but indicate a soon-to-come rate cut, while the Bank of England is seen as about a 50/50 bet to ease and the Bank of Japan is likely to either hike rates or signal an imminent move.

By Stephen AlpherJul 30, 2024

Markets

First Mover Americas: BTC Slides as U.S. Government-Linked Selling Pressure Looms

The latest price moves in crypto markets in context for July 30, 2024.

By Jamie CrawleyJul 30, 2024

Podcasts

Hive Digital’s AI Play

By William FoxleyJul 30, 2024

Wealth Optimization Strategies For Bitcoiners

Markets

Bitcoin Slides to $66K in Wake of Silk Road BTC Movements, Solana’s SOL Leads Majors Losses

“It’s going to be extremely volatile this week, so I will not be surprised to see BTC price get another 10% drop/pump,” one analyst noted.

By Shaurya MalwaJul 30, 2024

News Analysis

Trump's Talk of Bitcoin Reserve for the U.S. Leaves Industry Waiting for More Details

The idea for a U.S. government stockpile – pushed by U.S. Sen. Lummis and echoed by former President Donald Trump – has been praised by bitcoin investors, but details are scant.

By Jesse HamiltonJul 29, 2024