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 Sees Little Boost From Fitch Downgrade, Slumps on Binance Contagion

Correlations between movements in the crypto and stocks have turned negative of late.

By Glenn Williams Jr.Aug 2, 2023, 3:48 p.m. ET

Finance

Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor

The price of bitcoin (BTC) and Binance's BNB token immediately fell following the report.

By Elizabeth NapolitanoAug 2, 2023, 1:04 p.m. ET

Binance CEO Changpeng "CZ" Zhao (Getty Images)

Podcasts

Crypto Update | Worldcoin Hits First Regulatory Snag

By George KaloudisAug 2, 2023, 12:14 p.m. ET

Key Bitcoin Support Levels to Watch as Volatility Rises

Markets

Bitcoin ETF Approval Odds Just Got Better: Bloomberg Analysts

They now see a 65% chance a U.S. spot bitcoin ETF will launch this year, up from 50% previously.

By Helene BraunAug 2, 2023, 12:02 p.m. ET

Graph superimposed over a markets monitor

Finance

Bitcoin Venture Capital Is Anything but Boring: Crypto Long & Short

Bitcoin Core's methodical development fuels the idea that “nothing is happening on Bitcoin,” but innovation is actually robust.

By Christopher CalicottAug 2, 2023, 12:00 p.m. ET

Opinion

Bitcoin Is 'Big Barbie' Energy

Director Greta Gerwig's reimagined and self-empowered Barbie would love Bitcoin, author and influencer Aubrey Strobel writes.

By Aubrey StrobelAug 2, 2023, 11:48 a.m. ET

Director Greta Gerwig's reimagined and self-empowered Barbie would love Bitcoin. (Elena Mishlanova/Unsplash, modified by CoinDesk)

Tech

Why You Should Care About Litecoin: It's the Backbone of Dogecoin

Litecoin, a blockchain cloned from Bitcoin in 2011 that underwent a key milestone on Wednesday known as a “halving,” provides network security to Dogecoin via a process called “merged mining.” Dogecoin is a frequent social-media topic for Tesla CEO Elon Musk.

By Frederick MunawaAug 2, 2023, 11:46 a.m. ET

Tech

Litecoin Undergoes Third 'Halving,' in Milestone for 12-Year-Old Blockchain

The blockchain's "halving," where the pace of new issuance of cryptocurrency gets cut in half every four years, took place Wednesday, when it reached transaction block 2,520,000.

By Frederick MunawaAug 2, 2023, 11:15 a.m. ET

Litecoin halving (photo by davisuko on Unsplash)

Markets

First Mover Americas: Race for Ether ETFs Kicks Off With 6 Asset Managers Filing

The latest price moves in crypto markets in context for August 2, 2023.

By Lyllah Ledesma, Omkar GodboleAug 2, 2023, 8:51 a.m. ET

Tech

A New Bitcoin-Based Arcade Game Is Leaving a Mark on Gamers

A platform that went live last week looks to expand bitcoin usage by attracting players to win-to-earn games that run wholly on the Bitcoin blockchain.

By Shaurya MalwaAug 2, 2023, 7:16 a.m. ET