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 Options Volume on CME Rose to Nearly $1B in July: CCData

The increase suggests that institutions might be hedging their positions.

By Omkar GodboleAug 4, 2023

Policy

ProShares, Bitwise File for Bitcoin and Ether ETFs

If approved, the fund will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts."

By Rosie PerperAug 4, 2023

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

Markets

First Mover Asia: Bitcoin Remains Calm Above $29.1 K, but Is Higher Volatility in Its Future?

PLUS: A decrease in bitcoin supply active a year ago indicates that long-term holders have reduced their bitcoin exposure. Is hodling starting to wane?

By James Rubin, Glenn Williams Jr.Aug 4, 2023

Bitcoin's monthly chart (CoinDesk Indices)

Markets

Bitcoin Wobbles at $29K as XRP Leads Altcoin Losses; SHIB, Helium Gain

Cryptocurrency markets sold off Friday afternoon as equity markets gave up early gains and closed the day in red.

By James Rubin, Sam Reynolds, Stephen Alpher, Krisztian SandorAug 3, 2023

Bitcoin returns to $29K (CoinDesk Indices)

Markets

Bitcoin Remains Unmoved by Rise in Jobless Claims, Treasury Rates

Treasury yields hit 10-year highs, sounding a note of potential caution for risk markets, cryptocurrencies, but bitcoin continued to be unstirred by macro events.

By Glenn Williams Jr.Aug 3, 2023

Finance

Elon Musk’s X Seeks Data Partner to Build Trading Service on App: Semafor

Given the billionaire's affinity for digital assets, the offering could include crypto trading.

By Helene BraunAug 3, 2023

Podcasts

Crypto Update | Markets Steady and Binance Could Face U.S. Department of Justice Fraud Charges

By George KaloudisAug 3, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Finance

Michael Saylor Says Bitcoin ETFs Will Be the ‘Super Tanker’ for His MicroStrategy ‘Sports Car’

The software company now owns around $4.5 billion worth of bitcoin and is planning to buy more in the third quarter of this year.

By Helene BraunAug 3, 2023

MicroStrategy Executive Director Michael Saylor (CoinDesk)

Opinion

Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash

The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter.

By George KaloudisAug 3, 2023

Markets

First Mover Asia: Bitcoin Turns Range-Bound Again Amid an Absence of Fresh Capital; Altcoins Dip Further Into Red

PLUS: A spot bitcoin ETF may be in the offing, and crypto prices are unpredictable, but MicroStrategy "still fills a need in the marketplace," the president of crypto asset fund ProChain Capital told CoinDesk TV.

By James RubinAug 3, 2023