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

Crypto Traders Hedge Bitcoin Rally After 40% Rise in 4 Weeks, Options Data Show

Some traders have started buying puts to protect against a potential correction, according to Greeks.Live.

By Omkar GodboleFeb 28, 2024

A trading chart on a computer. (Pexels/Pixabay)

Markets

Bitcoin Surges Above $59K as Bull Rally Continues

The “fear and greed” index reading is now at 87, a sign of “extreme greed.”

By Shaurya MalwaFeb 28, 2024

Markets

Bitcoin Bulls Target $69K Lifetime Highs Ahead of Halving

An expected pre-halving rally is a good spot to realize short-term profits, one market observer said.

By Shaurya MalwaFeb 28, 2024

Markets

Falling Bitcoin-Ether Spread is Music to Altcoin Traders' Ears

The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve.

By Omkar GodboleFeb 28, 2024

Policy

Man Who Laundered Billions in Bitcoins Says Bitcoin Fog Was a Help: Bloomberg

Ilya Lichtenstein, who pleaded guilty in the Bitfinex case last year, is now a U.S. witness who testified about his use of Bitcoin Fog and other mixers to hide loot.

By Jesse HamiltonFeb 27, 2024

Ilya Lichtenstein, who pleaded guilty with wife Heather Morgan in the plundering of Bitfinex, is now testifying against the mixer he used. (Alexandria Sheriff's Office)

Finance

Bitcoin-Focused Payments App Strike Rolls Out Services to Africa

"Many countries on the continent are grappling with high inflation rates and devaluing currencies, making it challenging for people to save and build wealth," the firm said in a blog post.

By Krisztian SandorFeb 27, 2024