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 Trapped Between 50 and 200-Day Averages as Bond Market Volatility Spikes, China Stocks Slide

The MOVE index, which measures expected volatility in U.S. Treasury notes, spiked to the highest since January, hinting at tighter financial conditions ahead.

By Omkar GodboleOct 9, 2024

Markets

Bitcoin Wavers at $62K Amid Major Swings in Stocks, Gold; Memecoins Falter as Profit-Taking Sets In

Traditional risk assets like stocks surged while gold and oil tumbled, but cryptos didn't get the memo.

By Krisztian SandorOct 8, 2024

Risks of a deeper pullback are growing for BTC (mana5280/Unsplash)

Finance

Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs

"Of course I'm not Satoshi," Todd told CoinDesk Tuesday, saying that filmmaker Cullen Hoback was "grasping at straws."

By Marc Hochstein, Cheyenne LigonOct 8, 2024

Former Bitcoin developer Peter Todd, left (HBO)

Markets

Bitcoin Protocol Babylon Pulls in $1.5B of Staking Deposits as Cap Lifted

The round, known as "Cap-2," allowed users to add staking deposits to the platform for over the course of about 10 Bitcoin blocks on Tuesday.

By Bradley Keoun, Jamie CrawleyOct 8, 2024

Markets

Bitcoin Protocol Babylon Hours Away From Opening 'Duration-Based' Staking Round

The round, known as "Cap-2," will kick off at some time around 18:30 UTC, lasting for about one hour and 40 minutes thereafter

By Jamie CrawleyOct 8, 2024

David Tse, co-founder of Babylon (Bradley Keoun, modified by CoinDesk)

Markets

Bitcoin Miners at a Crossroads: Gain Market Share or Go All-In on AI?

Investors rewarded mining companies that've diversified into AI and high-performance computing.

By James Van StratenOct 8, 2024

Bitcoin sculpture made from scrap metal outside the BitCluster mining farm in Norilsk, Russia. (BitCluster)

Markets

Bitcoin Price Up 40% YTD, but Gold Wins on Risk-Adjusted Returns

Gold has a significantly higher volatility ratio than bitcoin in 2024, according to analysis by Goldman Sachs.

By Omkar GodboleOct 8, 2024

Absolute YTD returns and return to volatility ratios for key assets, including BTC and ETH (Goldman Sachs)

Markets

First Mover Americas: Bitcoin Drops as China's Stimulus Plans Disappoint

The latest price moves in crypto markets in context for Oct. 8, 2024.

By Jamie Crawley, Omkar GodboleOct 8, 2024

Markets

U.S. Election 2024: Bitcoin and S&P 500 Options Diverge, Hinting at Major Market Moves

"Either the strong positive correlation between BTC and the S&P 500 is about to break and flip negative, or one of these markets is mispriced. The excitement lies in the uncertainty."

By Omkar GodboleOct 8, 2024

Markets

Bullish Bitcoin Hopes Dented as China Eases Stimulus Plans

The lack of new measures and announcements of new stimulus at a Chinese briefing today pared hopes of a long-drawn stimulus package - one that contributed to a bitcoin run in the past few weeks.

By Shaurya MalwaOct 8, 2024