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 Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains

Most digital assets traded lower on Wednesday as another crypto firm gets hit by the FTX contagion, although institutional investors may be looking for bargains.

By Helene Braun, Jocelyn YangNov 16, 2022

Bitcoin and most other digital assets declined on Wednesday after crypto financial firm Genesis Global Capital announced that it was temporarily suspending redemptions and new loan originations. (Source: CoinDesk)

Markets

First Mover Americas: FTX Fallout Reverberates Across Crypto-Land

The latest price moves in crypto markets in context for Nov. 16, 2022.

By Bradley Keoun, Sage D. Young, Omkar GodboleNov 16, 2022

FTX's collapse is having ripple effects across the crypto universe. (Leon Neal/Getty Images)

Markets

Institutions Take Bearish Stance on Bitcoin, Create Arbitrage Opportunity

The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs.

By Omkar GodboleNov 16, 2022

The record bitcoin futures discount suggests institutions are biased bearish. (Arcane Research)

Markets

Cryptocurrencies Trade in Sync After FTX Collapse – Just Not With Stocks

A new analysis shows how correlations have increased on various sectors of the 162-asset CoinDesk Market Index (CMI) amid widespread crypto distress following the collapse of Sam Bankman-Fried's FTX exchange. U.S. stocks, meanwhile, look unfazed by it all.

By Bradley KeounNov 16, 2022

Markets

First Mover Asia: FTX Debacle Might Change Hong Kong’s Approach to Retail Crypto Regulation; Bitcoin Shows Its Mettle

The special administrative region of China wants to become a regional crypto hub, but FTX’s filing for bankruptcy protection could prompt regulators to tighten restrictions.

By Sam Reynolds, James RubinNov 16, 2022

The FTX collapse may alter Hong Kong regulators approach to retail crypto trading. (Yiu Yu Hoi/Getty Images)

Markets

Market Wrap: Bitcoin Rises on Encouraging Inflation News

The largest cryptocurrency hovered near $16.8K. Ether and other altcoins also surge.

By James Rubin, Glenn Williams Jr., Jocelyn YangNov 15, 2022

Markets

Are Your Bitcoin Trades Losing on Fed Day? Just Wait Till Tomorrow

BTC’s price has reversed direction on five of the six days following the Federal Reserve’s interest rate announcements.

By Helene BraunNov 15, 2022

The Federal Reserve Bank of New York is leading a program to test the use of digital tokens to settle transactions among financial institutions. (Shutterstock)

Markets

On-Chain Data Shows Investors Waiting, Changing Custody Behavior

Trust in exchanges is understandably low after the collapse of Sam Bankman-Fried's FTX. Investors might trust the asset more than the entity that holds them.

By Glenn Williams Jr.Nov 15, 2022

The price of ether has risen 16% in the past week. (Getty Images)

Videos

'Bitcoin Doesn't Care' About FTX Fallout: Ledger CEO

Ledger CEO Pascal Gauthier discusses the potential contagion concerns following the bankruptcy of FTX. Plus, he shares his outlook on bitcoin, saying in part "bitcoin will be fine, bitcoin doesn't care about all this."

Nov 15, 2022

Videos

Levels to Watch for Bitcoin as FTX Fallout Continues

Amberdata Director of Derivatives Greg Magadini discusses his bitcoin analysis and outlook amid the stunning collapse of crypto exchange FTX and its former CEO Sam Bankman-Fried. Plus, reactions to BlockFi reportedly preparing for possible bankruptcy, and Japanese crypto exchange Liquid Global halting withdrawals.

Nov 15, 2022