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

Jamie Dimon Defends Right to Buy Bitcoin Even Though He Never Will

The JPMorgan CEO has been a consistent critic of the cryptocurrency, though his latest comments suggest maybe a tiny bit of softening.

By Jamie CrawleyMar 12, 2024

JPMorgan CEO Jamie Dimon (Win McNamee/Getty Images)

Podcasts

Crypto Update | Consumer Price Index Inches Higher While BTC Continues Its Rise, With Peter Eberle

By Jennifer SanasieMar 12, 2024

Key Bitcoin Support Levels to Watch as Volatility Rises

Finance

Rapper Drake Posts Michael Saylor's Bitcoin Video to His 146M Instagram Followers

Michael Saylor said that bitcoin will “eat gold” in an interview with CNBC on Monday.

By Helene BraunMar 12, 2024

Canadian rapper Drake on Tuesday shared a clip of Michael Saylor’s interview on CNBC on his Instagram account, reaching over 146 million followers. (Charito Yap/Flickr)

Policy

Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg

“It’s an instrument that is impossible to value, and in practice it’s based on pure speculation," Riksbank Governor Erik Thedeen said.

By Amitoj SinghMar 12, 2024

Facade of the Swedish central bank facing Brunkebergstorg, Stockholm

Finance

U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February

Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates.

By Stephen AlpherMar 12, 2024

February inflation figures were released Tuesday (Frederick Warren/Unsplash)

Podcasts

From Bitcoin Mining to AI Infrastructure With John Belizaire

By William FoxleyMar 12, 2024

Wealth Optimization Strategies For Bitcoiners

Finance

El Salvador Is Sitting on $84M Profit From Its Bitcoin Holdings

President Nayib Bukele said in an X post that the Central American nation is earning bitcoin revenue from four different avenues.

By Shaurya MalwaMar 12, 2024

El Salvadoran President Nayib Bukele. (Government of El Salvador, modified by CoinDesk)

Markets

This Bitcoin Bull Run Is Breeding Millionaire Whales at Slower Pace, Data Show

Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That's significantly lower than the 2020-21 bull run.

By Omkar GodboleMar 12, 2024