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

Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst

Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research.

By Sam ReynoldsJul 4, 2024

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

Markets

Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations

Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.

By Shaurya MalwaJul 4, 2024

Tech

Protocol Village: DWF Launches $20M Fund for Web3 Projects in Chinese-Speaking Regions

The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 27-July 3.

By Bradley KeounJul 4, 2024

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

Finance

Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant

Miner capitulation levels are now comparable with those in end of 2022, which was the market bottom after FTX implosion, CryptoQuant said.

By Oliver KnightJul 3, 2024

Markets

Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analyst

The world's largest crypto has now declined 14% over the past four weeks.

By Omkar GodboleJul 3, 2024

Opinion

What Bitcoin and the American Dream Have in Common

Bitcoin and America mean different things to different people. Both may have been captured by corporate interests. And both are all about freedom.

By George KaloudisJul 3, 2024

SANTA FE, NM - JULY 4, 2018: A man carries a small American flag in his back pocket as he enjoys a Fourth of July holiday celebration in Santa Fe, New Mexico. (Photo by Robert Alexander/Getty Images)

Markets

First Mover Americas: Bitcoin Falls to $60K as Mt. Gox Overhang Looms

The latest price moves in crypto markets in context for July 3, 2024.

By Jamie Crawley, Omkar GodboleJul 3, 2024

Markets

Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy

The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.

By Will CannyJul 3, 2024

Scattered pile of $1 bills (Gerd Altmann/Pixabay)

Markets

Bitcoin Sinks Under $61K as One Trader Sticks to $150K Prediction This Year

U.S.-listed ETFs ended a five-day inflow streak with $13 million in net outflows on Tuesday, while concerns of the Mt. Gox distribution may have contributed to a sell-off.

By Shaurya MalwaJul 3, 2024