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

Decentralized Social Media Project Nostr's Damus Gets Listed on Apple App Store

Former Twitter CEO Jack Dorsey has donated to Nostr and promoted the open protocol that aspires to create a censorship-resistant global social network.

By Bradley KeounFeb 1, 2023

Former Twitter CEO Jack Dorsey (Drew Angerer/Getty Images)

Finance

Federal Reserve Lifts Interest Rates Another 25 Basis Points

Bitcoin's price was little changed in the minutes following the announcement.

By Stephen AlpherFeb 1, 2023

U.S. Federal Reserve Board Chairman Jerome Powell (Anna Moneymaker/Getty Images)

Videos

SEC Filing Shows Tesla Lost $140M in Bitcoin Last Year

According to a Monday U.S. Securities and Exchange Commission (SEC) filing, Tesla lost over $140 million from its bitcoin (BTC) bets in 2022. "The Hash" panel discusses what this means for bitcoin's narrative as a safe haven asset.

Feb 1, 2023

Markets

Bitcoin Little Changed on Soft Economic Data Ahead of Fed Meeting

Wednesday morning's ADP jobs and ISM manufacturing reports both came in weaker than expected.

By Stephen AlpherFeb 1, 2023

The U.S. government released its latest jobs figures Friday (David McNew/Getty Images)

Tech

PKT Pal Expands Its Crypto-Powered Wi-Fi Device Lineup With Launch of 'Mini'

Customers were able to deposit $99 to reserve the $499 device starting yesterday.

By Frederick MunawaFeb 1, 2023

Markets

Bitcoin and Hang Seng's Stalled Rally Might Mean Wider De-Risking Ahead, TradFi Firm Says

Failures in BTC and Hang Seng are technical warnings signs that these early 2022 halcyon vibes may not last all year, one observer said.

By Omkar GodboleFeb 1, 2023

Markets

ARK Invest Maintains Prediction Bitcoin Price Will Hit $1M by 2030

A new report by Cathie Wood’s growth-focused fund outlines how bitcoin continues to outperform every other major asset class.

By Sam ReynoldsFeb 1, 2023

Cathie Wood, CEO de Ark Invest. (Marco Bello/Getty Images)

Markets

Bitcoin Could Be in the Later Stages of the Bear Market, On-Chain Data Suggests

Some analysts say that while overall market sentiment cannot be called bullish just yet, the recent price and on-chain data suggest that bitcoin could be in the later stages of a bear market.

By Shaurya MalwaFeb 1, 2023

Markets

Bitcoin Price Could Reach $45K by Christmas: Matrixport

When bitcoin’s performance is positive in January, the rally tends to continue through to the end of the year, the report said.

By Will CannyFeb 1, 2023

Markets

Bitcoin's Blockchain Data Offers Evidence of Continued Investor HODLing During Bear Market

The percentage of bitcoin UTXOs older than five years has surged in the past six months, indicating that some investors held on to their coin stash during the bear market.

By Omkar GodboleFeb 1, 2023