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.

Videos

El Salvador to Raise $1B via 10-Yr 'Bitcoin Bond' in Partnership With Blockstream

El Salvador President Nayib Bukele announced he would create an entire new city based on bitcoin and also issue a $1 billion "bitcoin bond" with Blockstream. Yet, bitcoin's price has since retreated and is down over 5% on the day. "What Bitcoin Did" Host Peter McCormack discusses his thoughts on the bitcoin bonds and why he's "not surprised" that "Bitcoin City" did not boost BTC's price.

Nov 22, 2021

Videos

Bitcoin Struggles at $60K Resistance, Support Above $53K

BitBull Capital CEO Joe DiPasquale discusses his crypto markets analysis and outlook as upsides look limited for bitcoin around the $60,000 resistance level. Plus, his reactions to El Salvador's "Bitcoin City" announcement and U.S. President Joe Biden nominating Jerome Powell as Federal Reserve Chairman for a second term.

Nov 22, 2021

Markets

Market Wrap: Cryptocurrencies Fade on News That Powell Will Be Renominated as Fed Chairman

Bitcoin struggles to maintain weekend gains as buyers take profits.

By Damanick DantesNov 22, 2021

Federal Reserve Board Chairman Jerome Powell

Podcasts

Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?

By Nathaniel WhittemoreNov 22, 2021

Videos

El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto

El Salvador plans to build “Bitcoin City,” an entire city based on bitcoin located along the Gulf of Fonseca near a volcano. President Nayib Bukele also said he plans on issuing a $1 billion “bitcoin bond,” a tokenized financial instrument developed by Blockstream on the Liquid Network.

Nov 22, 2021

Markets

Bitcoin Struggles at $60K Resistance; Support Above $53K

Short-term downside is likely into the Asia trading day.

By Damanick DantesNov 22, 2021

Bitcoin four-hour price chart shows short-term resistance levels with RSI in second panel. (Damanick Dantes/CoinDesk, TradingView)

Videos

Bitcoin Continues Drift Below $60K as Investors Eye Shoppers’ Inflation Response

Nov 22, 2021

Markets

Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)

Anyone buying Salvador’s bitcoin-backed bond is betting on the cryptocurrency in a very big way, ignoring the country’s distressed-debt situation, one strategist said.

By Omkar GodboleNov 22, 2021