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.

Finance

SEC Likely to Approve Several Spot ETFs, Sparking Next Bitcoin Rally: Matrixport

A report from the firm cited how big Grayscale Bitcoin Trust was at its peak.

By Will CannyAug 10, 2023

Finance

Jump Crypto Backs $5M Round for Bitcoin Wallet Xverse

The Web3 app supports Ordinals, the technology that brought non-fungible tokens to the Bitcoin ecosystem.

By Brandy BetzAug 10, 2023

Markets

Bitcoin Traders Should Watch Wider Inflation Metrics, Not Just CPI

Wider metrics suggest a flare-up in inflation in months ahead, which may trigger a sharp repricing of interest rate expectations, bringing downside volatility to risky assets, including bitcoin.

By Omkar GodboleAug 10, 2023

The April inflation report was released Wednesday morning (JLGutierrez/Getty Images)

Markets

First Mover Asia: SEC Appealing XRP Ruling Isn't Moving Markets

Ripple's partial victory over the Securities and Exchange Commission pushed up the layer 1 and altcoin market, as many of these tokens had been accused of being securities.

By Sam ReynoldsAug 10, 2023

Tech

The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software

We're covering Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software.

By Bradley KeounAug 9, 2023

Finance

Animated Series Futurama Takes Characters to 'Doge City,' Mocks Crypto Miners

In its latest episode, which aired on Aug. 7 on streaming platform Hulu, the characters attempt to make money by selling thallium, a toxic metal used to mine crypto in the shows, to crypto miners in “Doge City.”

By Helene BraunAug 9, 2023