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: Fifth Day of Declining Bitcoin Price Has Some Traders Looking Out Below

The latest price moves in crypto markets in context for Aug. 18, 2022.

By Lyllah Ledesma, Omkar GodboleAug 18, 2022

BTC has lost momentum, continuing its downward trend. (Bettmann/Getty Images)

Markets

Bitcoin Loses Bullish Trendline as Fed Sees Restrictive Rates Needed for Some Time

Increasing and elevated rates are headwinds for bitcoin, one researcher said.

By Omkar GodboleAug 18, 2022

Bitcoin has dropped below a trendline rising from July's lows. (TradingView)

Finance

Bitcoin Mining Rig Maker Canaan Sees 'Prolonged Headwinds' After Challenging Quarter

CEO Nangeng Zhang cited a slumping bitcoin price and COVID-19 lockdowns in China.

By Jamie CrawleyAug 18, 2022

Mining rigs in Plattsburgh, N.Y. (Fran Velasquez/CoinDesk)

Markets

First Mover Asia: Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again

The price of the troubled crypto lending platform's CEL has been rising, to many observers' puzzlement; ether falls.

By Shaurya Malwa, James RubinAug 18, 2022

Markets

Market Wrap: Bitcoin, Ether Prices Slide for Fourth Consecutive Day

Traditional markets were mixed on sluggish July U.S. retail sales.

By Glenn Williams Jr., Helene Braun, Jimmy HeAug 17, 2022

BTC and ETH prices continued to slide. (Karsten Winegeart/Unsplash)

Podcasts

DCG Company Genesis Cuts 20% of Staff Amid Crypto Winter, and Colombia Explores CBDC to Combat Tax Evasion

By Adam B. Levine, Zack Seward, Jennifer Sanasie, Wendy OAug 17, 2022

Markets

Why Bitcoin Traders Should Care About Double-Digit Inflation in UK

The Bank of England may raise interest rates more aggressively, which could result in a weaker dollar and higher prices in the U.S.

By Helene BraunAug 17, 2022

The Bank of England (Robert Bye/Unsplash)

Podcasts

Crypto News Roundup for Aug. 17, 2022

By Adrian Blust, Adam B. LevineAug 17, 2022

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Markets

Bitcoin, Ether Drop as Analysts Fear Fed Minutes Will Dash Hopes for 2023 Easing

Risk assets recently rallied in hopes that inflation has peaked and the Fed would cut interest rates next year. The central bank's monetary tightening has roiled cryptocurrencies.

By Omkar GodboleAug 17, 2022