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.

Videos

Bitcoin Sentiment Ahead of Fed Decision

Trade The Chain Director of Research Nick Mancini discusses his analysis and outlook for bitcoin (BTC) as the cryptocurrency holds firm at the key psychological $20,000 level ahead of the U.S. Federal Reserve's latest policy meeting.

Nov 1, 2022

Markets

Uniswap Surpasses Bitcoin as Fed Rate Hike Decision Nears

The decentralized exchange’s native token has risen 5% in the past 24 hours and 10% over the past week.

By Jocelyn YangNov 1, 2022

Price chart shows that UNI's price rose on Tuesday. (CoinDesk)

Markets

Dollar Reversal Could Bring Inflationary Pressure, Former US Treasury Secretary Larry Summers Warns

Speculation is mounting over when the Federal Reserve might pivot dovish. But economists, including Summers, warn any such move might lead to weakness in the U.S. dollar versus other global currencies, in turn driving up prices for imports.

By Helene BraunNov 1, 2022

Federal Reserve officials may need to consider the U.S. dollar's role in helping to restrain inflation as they consider pivoting to a softer monetary policy as a meeting this week in Washington. (Pixabay)

Finance

Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report

The company last week warned it may have to explore bankruptcy as its financial condition worsens.

By Aoyon AshrafNov 1, 2022

Core Scientific facility in North Carolina. (Core Scientific)

Finance

South African Supermarket Chain Pick n Pay Now Accepts Bitcoin Payments: Report

The retailer is taking payments from any Lightning Network-enabled wallet.

By Oliver KnightNov 1, 2022

A supermarket aisle (Nathalia Rosa/Unsplash)

Markets

First Mover Americas: DOGE Doubled in October, Coinbase Goes to Bat for Ripple

The latest price moves in crypto markets in context for Nov. 1, 2022.

By Lyllah Ledesma, Omkar GodboleNov 1, 2022

Finance

Digihost Bucks Bearish Trend Among Bitcoin Miners, Remains Cash-Flow Positive

The company remains debt free despite soaring energy prices and a stagnant crypto market.

By Oliver KnightNov 1, 2022

Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)

Markets

Fed Preview: Crypto Market Sees Smaller Rate Hikes From December but Major Banks Warn 'Slower Doesn't Mean Lower'

The Fed could keep raising the borrowing cost for longer, according to major investment banks.

By Omkar GodboleNov 1, 2022

U.S. Federal Reserve Board Chairman Jerome Powell (Anna Moneymaker/Getty Images)

Markets

Dogecoin Led the Pack Among Cryptocurrencies in October With 17 Times Bitcoin's Gains

Elon Musk’s Twitter $44 billion deal drove speculation in the Shiba Inu-themed meme coin, which more than doubled in price during the month.

By Jocelyn YangNov 1, 2022

Markets

First Mover Asia: Hong Kong FinTech Chair Praises Crypto Friendly Policy Statement; Dogecoin Outshines Bitcoin, Ether

Neil Tan said that the statement by the Financial Services and Treasury Bureau acknowledged the importance of retail investors and would help clarify regulatory issues similar to other countries recent frameworks.

By James RubinNov 1, 2022