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 Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy

While the crypto rally was broad-based, with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash, one observer noted.

By Krisztian SandorAug 8, 2024, 1:33 p.m. EDT

Finance

JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In

Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.

By Aoyon Ashraf, Will CannyAug 8, 2024, 1:19 p.m. EDT

Markets

First Mover Americas: Crypto Prices Little Changed, XRP Surges

The latest price moves in crypto markets in context for Aug. 8, 2024.

By Jamie Crawley, Omkar GodboleAug 8, 2024, 8:02 a.m. EDT

Finance

Metaplanet Arranges Loan to Buy $6.8M of BTC

The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.

By Jamie CrawleyAug 8, 2024, 6:03 a.m. EDT

Markets

Bitcoin Faces Risk From 'Maxed Out' U.S. Consumers, Analyst Says

U.S. consumers are accumulating debt at a slower rate, data released Wednesday showed.

By Omkar GodboleAug 8, 2024, 2:54 a.m. EDT

Podcasts

Why the Howey Test Remains Contentious for Crypto

By Helene Braun, Jennifer SanasieAug 7, 2024, 4:30 p.m. EDT

Key Bitcoin Support Levels to Watch as Volatility Rises

Markets

Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains

An overnight bounce following dovish remarks from the Bank of Japan has failed to hold.

By Stephen AlpherAug 7, 2024, 2:41 p.m. EDT

Ether has fallen below a key bull market trendline. (Eva Blue/Unsplash)

Tech

Protocol Village: Metis Decentralized Sequencer Onboards Hashkey, EVM Explorer Blockscout Raises $3M

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.

By Bradley KeounAug 7, 2024, 1:25 p.m. EDT

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

Markets

Solana Hits All-Time High Against Ether, Outperforms Bitcoin in Crypto Rebound

Solana and its ecosystem tokens look attractive compared to other altcoins and is a "clear option if looking for longs" after the market turmoil, a K33 Research analyst said.

By Krisztian SandorAug 7, 2024, 11:21 a.m. EDT