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 Bulls Lose $217M Amid Concern About Grayscale Outflows

Bloomberg's Eric Balchunas pointed out that GBTC shares flipped to a 0.9% discount versus net asset value amid "likely due to selling pressure."

By Shaurya MalwaJan 19, 2024

A bear looking at the trees. (Olen Gandy, Unsplash)

Markets

Bitcoin Plunges Below $41K as 'Sell the Bitcoin ETF News' Wins the Day

Large inflows in the new spot bitcoin ETFs have been sizably offset by outflows from not just from GBTC but other global bitcoin-related ETPs.

By Stephen AlpherJan 18, 2024

Bitcoin prices fell further on Thursday (Chris Liverani/Unsplash)

Finance

Donald Trump's NFTs Have Limits Normal Ones Don't

Buyers of these Bitcoin ordinals can't trade them for almost a year.

By Danny NelsonJan 18, 2024

Donald Trump pitching his NFTs (CollectTrumpCards.com)

Podcasts

Crypto Update | The Digital Asset Class "Will Stand Alone as the Future of Finance," Says CoinDesk Indices Managing Director Andy Baehr

By Jennifer SanasieJan 18, 2024

Key Bitcoin Support Levels to Watch as Volatility Rises

Markets

Tether Reportedly Bought 8.9K Bitcoin for $380M, Remaining 11th-Largest BTC Holder

The stablecoin issuer announced in May 2023 that it would start buying bitcoin in an effort to diversify the backing of its USDT stablecoin.

By Helene BraunJan 18, 2024

Tech

Bitcoin Could See Growth in Layer-2 Ecosystem, Drawing on Ethereum's Experience: Report

The report by Singapore-based blockchain investment Spartan Group and Kyle Ellicott details how these auxiliary networks have drawn a page from the Ethereum blockchain's playbook, and could spring up as demand grows for blockspace on Bitcoin.

By Jamie CrawleyJan 18, 2024

Markets

First Mover Americas: dYdX Beats Uniswap, Bitcoin Outlook Dour

The latest price moves in crypto markets in context for Jan. 18, 2024.

By Lyllah Ledesma, Omkar GodboleJan 18, 2024

Hands on a laptop keyboard with a screen showing charts and prices (Unsplash, Kanchanara)

Markets

BlackRock's Bitcoin ETF Hits $1B AUM in One Week

IBIT’s holdings consist of 99% bitcoin, and nearly $60,000 in fiat, data shows.

By Shaurya Malwa, Ian AllisonJan 18, 2024

BlackRock's corporate office in New York, New York. (Jim.henderson/Wikimedia Commons)

Markets

Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say

Several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards, one firm said.

By Shaurya MalwaJan 18, 2024

Profit, Risk and Loss. (Gino Crescoli/Pixabay)

Markets

Bitcoin ETF Net Inflows Near $1B After Three Days

Total assets grew even as Grayscale's GBTC saw sizable outflows as investors cash in following its conversion to a spot ETF.

By Stephen AlpherJan 17, 2024

Bitcoin ETF net inflows approach $1B (Shutterstock)

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