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 Slips Below $23K Ahead of ECB Rate Decision

The central bank is likely to signal an exit from its negative interest rate policy.

By Omkar GodboleJul 21, 2022

El BCE anunció su primer aumento en las tasas de interés en 11 años. (alexanderjungmann/Pixabay)

Markets

First Mover Asia: Bitcoin Stalls as Contagion Hits Zipmex, Vauld. Will Ethereum's Merge Fix This?

Bitcoin is having its best week since March, but with the Federal Reserve still in inflation-fighting mode it seems like the only thing that can really get traders juiced up is the upcoming Ethereum Merge.

By Shaurya Malwa, Bradley KeounJul 21, 2022

Zipmex is the latest casualty of this year's crypto contagion. (Unsplash)

Markets

Bank of America Survey's Extreme Pessimism Might Be Contrarian Indicator

Bank of America's monthly fund manager survey, conducted between July 8 and July 15, shows dire levels of investor pessimism and increased preference for cash.

By Omkar GodboleJul 20, 2022

Markets

Market Wrap: Bitcoin Climbs Closer to 50-Day Simple Moving Average

Some analysts believe BTC’s consolidation above the SMA could propel the cryptocurrency’s recovery.

By Jimmy HeJul 20, 2022

BTC pushed to a one-month high of $24,265 and is attempting to climb above its 50-day simple moving average. (CoinDesk and Highcharts.com)

Finance

Tesla Sold $936M Worth of Bitcoin in Second Quarter

The price of bitcoin fell about 1.7% following the news but regained its losses after CEO Elon Musk said Tesla was open to boosting its bitcoin exposure in the future.

By Nelson WangJul 20, 2022

A Tesla Model S car (Justin Sullivan/Getty Images)

Opinion

The Credit Crunch Is Not the End of Crypto Lending

It is a mistake to view bitcoin’s success as a trade-off against the creation of credit. Its future depends on it, says our columnist, a partner at Castle Island Ventures.

By Nic CarterJul 20, 2022

"A view of the deluge of Scotch paper currency for English gold." (The trustees of the British Museum)

Finance

Tesla May Take $460M Impairment Charge on Its Bitcoin Holdings for Q2, Analyst Says

The cryptocurrency's price fell significantly during the quarter.

By Nelson WangJul 20, 2022

Tesla CEO Elon Musk (Hannibal Hanschke-Pool/Getty Images)

Videos

Bitcoin’s Real Role Examined; 3AC’s Complex Ties Revealed

Report says Bitcoin users in emerging markets looking beyond investment. U.S. Senator Cynthia Lummis says vote on crypto bill unlikely this year. Sam Bankman-Fried says “moderately bad” deals okay during bailouts. Court documents show strong ties between 3AC and TPS Capital. Dubai scorches crypto winter with plans to support 40,000 metaverse jobs.

Jul 20, 2022