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's Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%

The FTT token, along with Serum's SRM and Solana's SOL, plunged amid the dramatic collapse of Sam Bankman-Fried's FTX exchange. Bitcoin had its worst loss in five months.

By Jocelyn YangNov 30, 2022

Markets

Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps

Federal Reserve Chair Jerome Powell said that "it makes sense to moderate the pace of our rate hikes" as soon as December.

By Helene BraunNov 30, 2022

Federal Reserve Chair Jerome Powell (Helene Braun/CoinDesk)

Videos

Bitcoin Is on 'Road to Irrelevance’: European Central Bank Staffers

Ulrich Bindseil, director general market infrastructure and payments at the European Central Bank (ECB), along with Adviser Jürgen Schaff, called the current price action in the crypto markets "an artificially induced last gasp before the road to irrelevance," among other jabs at the industry. "The Hash" team discusses what this means for crypto in Europe and beyond.

Nov 30, 2022

Videos

Bitcoin Likely Bottoming at $12K Amid Continued Contagion Risks

DFD Partners President Bilal Little shares his outlook for a bitcoin (BTC) bottom before a rally up toward $22,000.

Nov 30, 2022

Videos

Bitcoin Nearing $17K Despite BlockFi Bankruptcy Filing

DFD Partners President Bilal Little discusses his outlook for bitcoin (BTC) as the cryptocurrency rises toward $17,000 despite ongoing concerns about FTX fallout and macroeconomic uncertainties.

Nov 30, 2022

Tech

Bitcoin Custody Firm Casa to Add Ethereum Support

The addition is part of a major overhaul of the Casa app, which will be relaunched in January.

By Frederick MunawaNov 30, 2022

BTC and ETH trade higher on moderate volume to begin the week. (DALLE-E/Coindesk)

Markets

First Mover Americas: Coinbase Wallet Ditches 4 Tokens

The latest price moves in crypto markets in context for Nov. 30, 2022.

By Lyllah Ledesma, Omkar GodboleNov 30, 2022

Policy

Bitcoin's Last Stand: ECB Staffers Say the Crypto Is on 'Road to Irrelevance'

Crypto regulation can be misunderstood as approval, the officials at the European Central Bank said.

By Sandali HandagamaNov 30, 2022

Markets

First Mover Asia: Bitcoin Rises Toward $17K Despite Investor Unease

ALSO: Sam Reynolds writes that most of Grayscale's digital asset trusts are trading at a deep discount, and that many other digital asset trusts that have significant assets face the same predicament.

By Sam Reynolds, James Rubin, Sage D. YoungNov 30, 2022