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 Tops $70K for First Time in More Than Four Months

The price still remains below its record high of $73,700 hit in early March of this year.

By Stephen AlpherOct 28, 2024

Markets

Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K

Bitcoin's "bullish setup" into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.

By Krisztian SandorOct 28, 2024

Dogecoin (DOGE) price on Oct. 28 (CoinDesk)

Finance

Emory University Joins Bitcoin ETF Rush, Reporting $16M Holding in Grayscale Vehicle

The endowment also reported a modest holding in crypto exchange Coinbase (COIN).

By Helene BraunOct 28, 2024

Main quadrangle on Emory University's Druid Hills campus (Wikipedia)

Finance

An Arctic Circle Bitcoin Mine Will Heat a Building in a Fishing Village

Retail-focused Sazmining is starting a modest-sized bitcoin mining operation, using hydropower, in a small Norwegian fishing town.

By Tom CarrerasOct 28, 2024

A Norwegian town (Michael Fousert/Unsplash)

Markets

First Mover Americas: BTC Recovers From Friday's Slide to Reclaim $68.5K

The latest price moves in crypto markets in context for Oct. 28, 2024.

By Jamie Crawley, Omkar GodboleOct 28, 2024

Markets

BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies

The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19 price target.

By Will CannyOct 28, 2024

Rack of bitcoin mining machines (Shutterstock)

Markets

MicroStrategy’s Current Premium Relative to Its Bitcoin Stack Is Unlikely to Last: Steno Research

The launch of options on spot bitcoin exchange-traded funds in the U.S. will reduce the incentives for investors to hold MicroStrategy stock over these ETFs, the report said.

By Will CannyOct 28, 2024