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

Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin

The firm bought over 12K bitcoin for $347 million in the last two months.

By Parikshit MishraJun 28, 2023

Michael Saylor, executive director, MicroStrategy (Marco Bello/Getty Images)

Tech

Crypto Miners Sent Over $1B Bitcoin to Exchanges Over Two Weeks: CryptoQuant

Miners usually sell bitcoin at favorable prices to keep their extensive computing operations running.

By Shaurya MalwaJun 28, 2023

Markets

Bitcoin Bulls Getting Ready for Seasonal Surge: Matrixport

The largest cryptocurrency by market cap tends to rally in the month of July, the report said.

By Will CannyJun 28, 2023

Markets

First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’

ALSO: Singapore ranked second in CoinDesk's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again.

By Sam Reynolds, Jeanhee KimJun 28, 2023

Bitcoin 4-hour chart. (CoinDesk Indices)

Markets

As Prices Consolidate in Spot Markets, Asset Managers Increase Long Positions in Derivative Markets

The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets.

By Glenn Williams Jr.Jun 27, 2023

Tech

Jack Dorsey Questions Apple's Tim Cook Over Bitcoin Support as Damus Deplatforming Looms

The former Twitter CEO posted a tweet asking Cook why Apple Pay doesn’t support Bitcoin, following the news that the smartphone maker was threatening to eject the Bitcoin-friendly app Damus from the App Store.

By Frederick MunawaJun 27, 2023

Markets

First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut

The ETF saw about $500K worth of trades in the first 15 minutes.

By Lyllah LedesmaJun 27, 2023

Podcasts

Crypto Update | Bitcoin Holds Above $30k Before Historically Strong July and Zimbabwe's State-Issued, Gold-Backed Digital Token

By Adam B. LevineJun 27, 2023

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

Markets

Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report

Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.

By Lyllah LedesmaJun 27, 2023

Fidelity Investments sign (Jonathan Weiss/Shutterstock)

Markets

Bitcoin Prices Topping $31.9K Would Confirm Long-Term Bullish Bias: Fairlead Strategies

The Ichimoku cloud, created by Japanese journalist Goichi Hosoda in the late 1960s, is used by traders and analysts to monitor momentum and trend direction.

By Omkar GodboleJun 27, 2023