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 Markets Recoil From Latest Yellen Concerns About Debt Ceiling Impasse

Treasury Secretary Janet Yellen reiterated her comments from just three days ago about the U.S. running out of cash if lawmakers can’t reach an agreement. Crypto and other asset markets dropped.

By Glenn Williams Jr.May 24, 2023

Podcasts

Featured Story | Consensus Survey – TradFi Investors Remain Bullish on Crypto’s Long-Term Prospects.

By Adam B. LevineMay 24, 2023

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Tech

Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality

After a video went viral of what appears to be a hardware wallet getting smashed with a hammer and then blow-torched into a charred mass, Ledger (and all of the crypto industry) got a searing reminder on the importance of managing expectations.

By Sam KesslerMay 24, 2023

Screen grab from video purporting to show a user smashing a hardware wallet with a hammer and then setting it ablaze with a blowtorch. (@oklahodl1/Twitter)

Videos

Bitcoin Investors Are HODLing More Than Ever: Glassnode

Data from Glassnode shows that investors are holding on to their bitcoin longer than ever. The amount of bitcoin that's been held for at least a year has climbed to a record 68% while 55% of bitcoin has been held for at least two years, and 40% for three years. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

May 24, 2023

Markets

Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research

The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted.

By Krisztian SandorMay 24, 2023