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 Hovers Near $29.3K After Binance Sell Order, UK Inflation Data

BTC fell as low as $29,045 earlier Wednesday. ETH dropped below $2,000 for the first time in almost a week.

By Jocelyn YangApr 19, 2023

Red arrows pointing down falling drop (Getty Images)

Tech

Bitcoin Core Developer Dhruvkaran Mehta Steps Away, Teases New Startup Idea

The developer known as @dhruv on Twitter and GitHub, formerly a Google software engineer and now a successful entrepreneur, is taking a break from working on Bitcoin for another shot at a startup.

By Frederick MunawaApr 19, 2023

Snippet of code pulled from Bitcoin Improvement Proposal 324, co-authored by Dhruv Mehta. (GitHub)

Videos

Crypto Custody Explained: Benefits and Risks

There is no shortage of horror stories about stolen funds, hacks and lost passwords in the crypto industry. This is where crypto custody comes into play. Casa CEO Nick Neuman breaks down three types of custodians, as well as the benefits and risks of each.

Apr 19, 2023

Markets

First Mover Americas: Bitcoin Slides Toward $29K

The latest price moves in crypto markets in context for April 19, 2023.

By Lyllah Ledesma, Omkar GodboleApr 19, 2023

Markets

Bitcoin Drops to $29K in Sudden Sell-Off

The slide – which followed a huge market sell order at Binance – flushed millions of dollars' worth of futures positions.

By Shaurya MalwaApr 19, 2023

Downgrade spiral staricase going down downwards (Unsplash)

Markets

MicroStrategy’s Bitcoin Holding Doesn’t Necessarily Pose a Concentration Risk: Bernstein

Rising bitcoin prices mean a stronger balance sheet, higher stock prices and easier debt repayment, without the company needing to sell its holdings, the report said.

By Will CannyApr 19, 2023

Michael Saylor (Anna Baydakova/CoinDesk)

Markets

First Mover Asia: Bitcoin Rally Stalls Above $30K; Ether Hits $2.1K

ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.

By James RubinApr 19, 2023

Opinion

Bitcoin’s 'Store-of-Value' Narrative Is Real but Not a Price Mover

Longer-term narratives matter, argues Noelle Acheson, but they don’t set the price. That is set by short-term sentiment, which is both contagious and fickle.

By Noelle AchesonApr 18, 2023

Finance

Bitcoin Financial Services Firm Unchained Capital Raises $60M

The Series B funding comes about five months after the company cut 15% of its staff amid the pressures of the prolonged crypto bear market.

By Brandy BetzApr 18, 2023

Unchained Capital co-founders Dhruv Bansal (left) and Joe Kelly (Unchained)

Markets

First Mover Americas: Bitcoin Regains $30K as Alts Heat Up

The latest price moves in crypto markets in context for April 18, 2023.

By Lyllah Ledesma, Omkar GodboleApr 18, 2023

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