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

Crypto Industry Destined to Be Bitcoin Focused After SEC Actions: MicroStrategy Founder Michael Saylor

Last week, the U.S. Security and Exchange Commission (SEC) filed lawsuits against Binance and Coinbase.

By Amitoj SinghJun 14, 2023

MicroStrategy Executive Director Michael Saylor (CoinDesk)

Markets

First Mover Asia: Actually, Hong Kong Would Be a Terrible Home for Coinbase

Hong Kong's rules for crypto would mean plenty of restrictions for Coinbase; bitcoin trades flat as Asia equity markets open.

By Sam ReynoldsJun 14, 2023

Markets

Bitcoin Seesaws Back Under $26K After CPI, as Investors Await Fed Rate Hike Decision

The U.S. central bank now seems increasingly likely to suspend its more than year-long campaign of interest rate hikes. An analyst flags recessionary concerns in a note to CoinDesk.

By James RubinJun 13, 2023

Tech

Bitcoin Infrastructure Firm Blockstream to Unveil Its Long-Awaited Mining Rig in 3Q of 2024

The company expects to raise more capital to fund its mining business.

By Frederick MunawaJun 13, 2023

Rendered image of Blockstream’s new ASIC Bitcoin miner (Blockstream)

Markets

Bitcoin, Ether Remain Resilient After Binance, Coinbase Suits, and Amid Long-Running Crypto Industry Turmoil

The two largest cryptos by market value have shown a remarkable ability to weather crypto turmoil and macroeconomic events over the past year.

By Glenn Williams Jr.Jun 13, 2023

Markets

Bitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins

The combined market capitalization of BTC, ETH and stablecoins reached the highest level since February 2021, digital asset research firm K33 Research noted.

By Krisztian SandorJun 13, 2023