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

Bitcoin Trades at Narrow Discount on Binance.US

News of a possible halt in U.S. dollar withdrawals sparked an increase in bitcoin trading as customers looked to remove their assets from the exchange, one observer said.

By Omkar GodboleJun 9, 2023

Markets

First Mover Asia: Bitcoin Remains Resilient Near $26.5K, Despite Ongoing Binance, Coinbase Fallout

ALSO: Valkyrie's chief investment officer expects the U.S. central bank to suspend its nearly year-long diet of interest rate increases. That might please digital and other asset markets, but Steven McClurg said that the monetary dovishness is unlikely to continue later this year.

By James RubinJun 9, 2023

Markets

Jobs Data Offers Faint Hope for Digital Assets Even as Investors Fret Over Binance, Coinbase Suits

Initial jobless claims reached their highest levels since October 2021, ahead of next week’s rate decision

By Glenn Williams Jr.Jun 8, 2023

Podcasts

Crypto Update | Bitcoin, DeFi Shrug Off SEC’s Action Against Binance and Coinbase

By Adam B. LevineJun 8, 2023

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

Tech

Jack Dorsey-backed Nostr Creator Collaborates With Zebedee on New Social Media Layer

Zebedee users will be able to join a waitlist for alpha access to an updated version of the app, which will feature integration with decentralized social media protocol Nostr (an acronym for “notes and other stuff transmitted by relays”).

By Frederick MunawaJun 8, 2023