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 Markets Today: Record Grayscale Bitcoin Trust Discount Widens Industry Woes

The fallout from crypto exchange FTX’s implosion continued as data showed the GBTC discount rate to bitcoin hitting a record high.

By Jocelyn YangDec 8, 2022

Videos

Whales Bail on Bitcoin

Large investors have reduced their holdings of bitcoin (BTC) since June, which is one reason the price has sagged and a reversal of that trend might need to happen before a big price rally can begin. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Dec 8, 2022

Markets

How Confident Are Institutional Investors About Bitcoin? COT Report May Offer Clues

A second consecutive week of increased exposure in the Commitment of Traders weekly measurement of investor activity would signal an undercurrent of confidence.

By Glenn Williams Jr.Dec 8, 2022

Investor confidence in bitcoin remains unclear. (Katie Moum/Unsplash)

Videos

Bitcoin Trading Flat Below $17K; Ether Breaks Trendline From Previous Bear Cycle Lows

Bitcoin (BTC) and ether (ETH) continue to struggle as investors recover from the collapse of crypto exchange FTX. IG North America CEO JJ Kinahan discusses recent price actions and announces the company's release of a self-custody blockchain wallet.

Dec 8, 2022

Markets

First Mover Americas: Mr. Bankman-Fried Must Go to Washington

The latest price moves in crypto markets in context for Dec. 8, 2022.

By Lyllah Ledesma, Omkar GodboleDec 8, 2022

Sam Bankman-Fried, CEO de FTX. (Stefani Reynolds/Bloomberg via Getty Images)

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