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.

Finance

Mutual Fund Giant Franklin Templeton Eyes Bitcoin, Ether Trades With Planned Hires

The $1.5 trillion asset manager is a newcomer to crypto investing despite years of experimenting with blockchain tech.

By Danny NelsonSep 1, 2021

Benjamin Franklin (Culture Club/Getty Images)

Markets

Bitcoin Stuck in Sideways Chop, Support Above $46K

There is immediate resistance around $48,000 and then $50K, where buyers have taken profits over the past few weeks.

By Damanick DantesSep 1, 2021

Bitcoin hourly price chart shows short-term support and resistance levels with RSI.

Markets

Ether Tops $3.5K After Record Daily Coin Burn; Bitcoin’s Rangeplay Continues

Ethereum destroyed 12,000 coins on Tuesday, the most in a single day since the EIP 1559 activation.

By Omkar GodboleSep 1, 2021

Markets

Market Wrap: Bitcoin Slips Below $48K as Focus Shifts to Regulation

Bitcoin is in pullback mode as China and the SEC have traders’ attention.

By Damanick Dantes, Bradley KeounAug 31, 2021

Bitcoin 24-hour price chart, CoinDesk 20

Videos

Bitcoin Rangebound, Holding Support Above $46K

Bitcoin registered a series of lower price highs over the past few days as buyers continue to take profits. The cryptocurrency is stuck in a tight range between $46,000 support and $50,000 resistance, and is roughly flat over the past week. CoinDesk's Michael Casey breaks down the Chart of the Day.

Aug 31, 2021

Videos

Arca CIO: Bitcoin ‘Either Worth $0 or $1M Per Token’

Jeff Dorman, CIO of fund manager Arca, discusses his long-term outlook for bitcoin’s price after the cryptocurrency failed to keep heading higher and remains in a tight range between $46,000 and $50,000. “It’s either worth $0 or it’s worth probably $1 million per token,” Dorman said.

Aug 31, 2021

Videos

Key Upsides to El Salvador’s Bitcoin Law

Edan Yago, a contributor to decentralized bitcoin trading and lending platform Sovryn, discusses his take on the potential positive impact of El Salvador rolling out bitcoin as legal tender despite growing skepticism and local protests just a week ahead of the move taking effect.

Aug 31, 2021

Videos

El Salvador Approves $150M Bitcoin Trust Amid Anti-Bitcoin Protests

In El Salvador, hundreds of protesters have raised their voices against President Nayib Bukele's Bitcoin Law, making bitcoin legal tender in the country beginning September 7. Meanwhile, the Finance Commission of the Legislative Assembly of El Salvador agreed to create a $150 million bitcoin trust to facilitate exchange between BTC and U.S. dollars. "The Hash" panel discusses the possible bumps on El Salvador's road to bitcoin adoption.

Aug 31, 2021

Finance