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

First Mover Asia: Bitcoin Has Its Eyes on $30K Amid Steadfast Institutional Interest

ALSO: Smart contracts crypto lending platform Aave has continued its year-to-date momentum this month. The version 3 (v3) blockchain’s total value locked (TVL) has surged 15% in June to $1.76 billion, data from blockchain analytics firm DefiLlama shows.

By Sam Reynolds, Sage D. YoungJun 21, 2023

Markets

Bitcoin’s Rally to $28K Spurred by Largest Short Squeeze This Month

The price surge liquidated some $36.6 million of short positions in the past 24 hours, the most this month, CoinGlass data shows.

By Krisztian SandorJun 20, 2023

Videos

Crypto Exchange EDX Markets Sets Up Shop With Bitcoin and Ether Offerings

EDX Markets, which has funding from financial heavyweights including Charles Schwab (SCHW), Citadel Securities and Fidelity Digital Assets, announced it launched its digital asset market on Tuesday. Products traded on EDX will include bitcoin, ether, litecoin, and bitcoin cash.

Jun 20, 2023

Podcasts

Crypto Update | Bitcoin Optimistic Despite Regulatory Uncertainty, but Remains Vulnerable

By Adam B. LevineJun 20, 2023

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

Markets

GBTC Share Price Soars, Discount Narrows to Multi-Month Low on BlackRock ETF Filing Optimism

Investors turned optimistic about Grayscale allowing redemptions in the future after BlackRock’s filing for spot bitcoin ETF last week, one analyst said.

By Krisztian SandorJun 20, 2023

Markets

First Mover Americas: Tokenization Might Be a $5T Opportunity: Bernstein

The latest price moves in crypto markets in context for June 20, 2023.

By Lyllah Ledesma, Omkar GodboleJun 20, 2023

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation

"The market appears to be in a period of quiet accumulation, which suggests an undercurrent of demand," one analyst said.

By Omkar GodboleJun 20, 2023

Bitcoin investors continue to accumulate coins, shrugging of market uncertainty. (Source: Elizabeth Kay/Unsplash)

Finance

Binance Sets Up Bitcoin Lightning Nodes to Ease Deposits and Withdrawals

A host of crypto exchanges have set up their own Lightning nodes in recent months to offer faster bitcoin transactions to users.

By Shaurya MalwaJun 20, 2023

Binance sets up lightning network nodes (Leon Contreras/Unsplash)

Markets

Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking

The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.

By Omkar GodboleJun 20, 2023

Tech

First Ever Canadian Bitcoin Conference Wraps Up in Toronto

The event attracted over 300 attendees and a diverse array of exhibitors, according to conference organizers, signaling continued interest in the cryptocurrency despite past criticism of Bitcoin by Canada’s Prime Minister and tighter regulation of Canadian exchanges.

By Frederick MunawaJun 20, 2023