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 Take a Wild Ride Following Surprise Binance/FTX Deal

Investors are seeking answers to a multitude of questions about the mega deal involving the two crypto exchanges. Will price volatility continue beyond Tuesday?

By Glenn Williams Jr.Nov 8, 2022

Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

Finance

FTX's Bitcoin Balance Plunges to Just 1

Roughly 20,000 bitcoin have been pulled from the crypto exchange in the past 24 hours, according to data from Coinglass.

By Stephen AlpherNov 8, 2022

Attackers drained all liquidity from the affected QuickSwap pool. (Shutterstock)

Markets

Bitcoin, Ether Slide as Protective Puts Draw Demand Amid Sell-Off in FTX's Token

Options market tied to bitcoin and ether shows renewed bias for puts, perhaps a sign of investor fears the FTX-Alameda drama may bring another market-wide crash.

By Omkar GodboleNov 8, 2022

Bitcoin's price drops as FTT hits the lowest since February 2021. (Highcharts.com/CoinDesk)

Markets

First Mover Asia: A Good Week for Exchange Tokens, Except FTT; Solana Continues Falling

During the past week, a number of exchange tokens have outperformed bitcoin, including OKX and CRO. FTT is not among them.

By Sam Reynolds, James RubinNov 8, 2022

Sam Bankman-Fried, CEO de FTX. (Jesse Hamilton/CoinDesk)

Markets

Market Wrap: Solana Plunge Highlights Major Cryptos’ Day in the Red

The native token of the Solana protocol recently fell over 6%; bitcoin and ether dropped more modestly as investors await the midterm elections and latest inflation data.

By James Rubin, Glenn Williams Jr., Jocelyn YangNov 7, 2022

Ether has fallen below a key bull market trendline. (Eva Blue/Unsplash)

Markets

FTX/Alameda Questions Hold the Spotlight as US Midterm Election, Inflation Data Loom

A drop below $22 could mean a more significant ride down for FTT.

By Glenn Williams Jr.Nov 7, 2022

FTX CEO Sam Bankman-Fried (Craig Barritt/Getty Images)

Videos

Has Bitcoin Bottomed Out?

Tactive Wealth Advisor Eddy Gifford discusses his outlook for bitcoin (BTC) and whether the cryptocurrency has bottomed out amid low volatility. Plus, his take on the impact of the U.S. Federal Reserve's interest rate hikes and the upcoming midterm elections on the crypto markets.

Nov 7, 2022

Videos

Bitcoin Futures Market Volume Down

Bitcoin futures trading volume has dropped sharply in recent weeks, indicating a spot-driven market, according to CoinDesk's Omkar Godbole. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Nov 7, 2022

Videos

Greg King on Bitcoin Volatility: Flat Is the New Up

Bitcoin has remained less volatile than the S&P and Nasdaq over the past three months. "If we can hold here ... that's really positive for 2023," says Osprey Funds founder and CEO Greg King.

Nov 7, 2022