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

Binance's Ether Futures See Lowest Open Interest Since July 2022

Don't ready too much into the move, said one observer, calling it a typical position reset.

By Omkar GodboleAug 24, 2023

Binance ETH futures open interest (Coinglass)

Markets

Bitcoin Climbs 3% to $26.6K; SOL, NEAR, ADA Lead Crypto Market Gains

Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.

By Krisztian SandorAug 23, 2023

Tech

The Protocol: Coinbase Blockchain's Viral Use Case Puts Focus on Optimism's Tech

The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase's new Base blockchain, Shiba Inu community's "Shibarium" network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks.

By Bradley KeounAug 23, 2023

Chart shows surge in buyers on Base's Friend.tech app after the project announced it had received an investment earlier this year from the crypto-focused venture capital firm Paradigm. (Messari/Dune)

Markets

‘We’ve Seen Enough’: Battered Bitcoin at $26K Can’t Stay Down Much Longer, Pantera’s Morehead Says

Fed Chairman Jerome Powell will be heard from later this week about the possible future direction of U.S. central bank policy.

By Stephen AlpherAug 23, 2023

Pantera CEO Dan Morehead (Shutterstock/CoinDesk)

Podcasts

Crypto Update | Bitcoin Hovers Around $26K, Thailand’s New Pro-Crypto Prime Minister

By CoinDeskAug 23, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Markets

Ether-Bitcoin Ratio Uptick Fails to Inspire Bullish Positioning in ETH Options

Options skew remains in favor of ether puts across different timeframes despite the past week's increase in the ETH/BTC ratio.

By Omkar GodboleAug 23, 2023

Markets

Nearly All Short-Term Bitcoin Owners Are Underwater, Making Rallies Harder

"The real problem is the current fragile market set-up for BTC, because short-term holders are underwater in both price and narrative," one observer said.

By Omkar GodboleAug 23, 2023