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

Crypto Options Exchange Deribit Registered Record Trading Volume in November

Deribit was busier than ever as FTX-induced uncertainty boosted demand for options or hedging instruments.

By Omkar GodboleDec 8, 2022

Deribit was busier than ever in November as FTX went bust. (Glassnode)

Markets

First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings

Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much.

By Sam Reynolds, James RubinDec 7, 2022

Sino Global Capital founder Matthew Graham. (CoinDesk TV)

Markets

Crypto Markets Today: Gensler Restates SEC’s Crypto Authority

The chairman said the agency has the basic disclosure and governance requirements to hold digital-asset firms accountable, although he did not address the fallout from crypto exchange FTX’s collapse.

By James RubinDec 7, 2022

SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)

Videos

Bitcoin Outlook After Slipping Below $17K

ETC Group CEO Bradley Duke discusses his crypto markets analysis and outlook as bitcoin (BTC) slides below $17,000 amid rate hike concerns and the fallout from troubled crypto exchange FTX.

Dec 7, 2022

Markets

Bitcoin’s High Correlation to Copper Does Not Bode Well for Short-Term Investors

Bitcoin now more tightly aligns with the commodity than the S&P 500 or Nasdaq. For long-term accumulators, however, this is likely their season.

By Glenn Williams Jr.Dec 7, 2022

Bitcoin is now correlating more closely to copper than the S&P 500. (Toby Christopher/Unsplash)

Podcasts

Crypto Update | The Bitcoin Obituary Obituary

By Adrian Blust, Adam B. LevineDec 7, 2022

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Policy

ECB Official Says Energy-Intensive Crypto Should Be Banned

Fabio Panetta also said that investors have been caught in a "bubble."

By Jack SchicklerDec 7, 2022

Fabio Panetta talks to European Central Bank President Christine Lagarde. (Thierry Monasse/Getty Images)

Markets

First Mover Americas: Grayscale in Investor's Crosshairs

The latest price moves in crypto markets in context for Dec. 7, 2022.

By Lyllah Ledesma, Omkar GodboleDec 7, 2022

Grayscale's new ad campaign can be seen in New York's Penn Station. (Nikhilesh De/CoinDesk)

Markets

First Mover Asia: Bitcoin Holds Its $17K Perch Amid Rate Hike Concerns

ALSO: Sam Reynolds writes that Asia is ready for a scaled up, crypto-friendly bank, particularly if the U.S. oversteps in regulating the industry following the recent FTX debacle.

By Sam Reynolds, James RubinDec 7, 2022