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.

Tech

Litecoin ‘Halving,’ Set for Wednesday, Should Harden Supply of ‘Digital Silver’

The quadrennial "halving" on the Litecoin blockchain, set for Wednesday, means that the pace of new issuance of units of the LTC cryptocurrency will be cut in half. The dynamic is similar to the "hard money" mechanics that crypto analysts say helps to boost bitcoin's price.

By Frederick MunawaAug 1, 2023

With blockchain halvings, sometimes less is more. (Unsplash)

Markets

MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July

Cryptocurrency giants bitcoin and ether, meanwhile, lost ground during the month.

By Lyllah LedesmaAug 1, 2023

Crypto leaders in July (CoinDesk Indices)

Finance

MicroStrategy Takes $24M Q2 Charge on Multibillion-Dollar Bitcoin Haul

The software firm reported its second-quarter earnings after the close on Tuesday.

By Nelson WangAug 1, 2023

Web3

The Ordinals Team is Creating a Non-Profit to Support Bitcoin NFT Developers

The team behind the Ordinals protocol, led by Casey Rodarmor, has created the Open Ordinals Institute to grow its ecosystem without compromising neutrality.

By Cam ThompsonAug 1, 2023

Los NFT lideran la actividad en la blockchain de Bitcoin. (Ordinals Protocol)

Markets

Bitcoin Has Been More Stable Than Gold and Stocks; Violent Price Action Could Ensue

Similar uneventful periods in the past preceded major eruptions in volatility for BTC’s price, noted a research firm.

By Krisztian SandorAug 1, 2023

BTC price 5-day volatility compared to gold, Nasdaq and S&P500 (K33 Research)

Markets

Bitcoin Looking Oversold, but Any Bounce Could Be Disappointing

Any macro catalysts for bitcoin may have to wait until after Labor Day.

By Glenn Williams Jr.Aug 1, 2023

Policy

Longtime Environmentalist RFK Jr. Not So Sure Bitcoin Is Boiling the Oceans

The environmental argument against bitcoin "should not be used as a smokescreen to curtail freedom to transact," U.S. Democratic presidential candidate Robert F. Kennedy Jr said.

By Camomile ShumbaAug 1, 2023