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

First Mover Americas: Bitcoin Stays Above $19K as US Stocks Futures Slip Ahead of Earnings Reports

The latest price moves in crypto markets in context for Oct. 20, 2022.

By Lyllah Ledesma, Omkar GodboleOct 20, 2022

Markets

A Year After Debut, ProShares Bitcoin ETF Has Underperformed Market by 1.8%

The underperformance has been far lower than estimated, thanks to the bear market.

By Omkar GodboleOct 20, 2022

BITO underperforms bitcoin's spot price. (Arcane Research, TradingView)

Markets

First Mover Asia: Why Bridges Are So Vulnerable to Exploit; Bitcoin Falls Under $19K

One crypto developer says that centralization and reliance on private key holders are to blame, not the inherent technology and logic behind the bridges themselves.

By Shaurya Malwa, James RubinOct 20, 2022

Bridge have recently been vulnerable to exploits. (Unsplash, modified by CoinDesk)

Markets

Market Wrap: Bitcoin Hovers at $19K to Remain Within Current Range

Ether also trades flat, but other altcoins rise.

By Glenn Williams Jr., James Rubin, Jocelyn YangOct 19, 2022

Markets

Investors’ Time Horizons Will Determine Their Bitcoin Positions

The most recent Commitment of Traders report, released each Tuesday by the Commodity Futures Trading Commission, shows that reportable positions for asset managers are now 80% long and 20% short bitcoin futures.

By Glenn Williams Jr.Oct 19, 2022

Finance

Tesla Made No Changes to Its Bitcoin Holdings in Third Quarter

The electric car company did not buy or sell any bitcoin in the quarter, after selling 75% of its holdings in the second quarter.

By Nelson WangOct 19, 2022

Tesla CEO Elon Musk (Christian Marquardt - Pool/Getty Images)

Markets

With Bitcoin and Stocks Flat, Rally in DeFi Tokens Gets Notice

While top crypto assets like bitcoin and ether and traditional markets stay flat on Wednesday, DeFi assets shine.

By Jocelyn YangOct 19, 2022

El gráfico de información de precios muestra que el token UNI del exchange Uniswap tuvo un salto en su precio el miércoles y logró superar a los principales activos cripto, como bitcoin y ether. (CoinDesk)

Videos

Bitcoin Stuck Around $19K as October Bounce Remains Elusive

Bitcoin (BTC) was supposedly due for a recovery rally in the routinely bullish month of October, but the bounce has remained elusive with the token struggling around the $19,000 level. Two Sigma Ventures Principal Andy Kangpan joins Christine Lee and special co-host Laura Shin on “First Mover” with his bitcoin outlook amid crypto winter.

Oct 19, 2022