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

Dying for a Bitcoin Futures ETF? Watch Out for ‘Contango Bleed’

There’s a downside to SEC Chair Gary Gensler’s preference for an exchange-traded fund focused on bitcoin futures. But it’s unlikely to deter investors.

By Omkar GodboleOct 11, 2021

A little-known risk of a bitcoin futures ETF is that it could bleed investor returns. (Unsplash, modified by CoinDesk)

Markets

Crypto Funds Double Weekly Inflows to $226M as Ebullience Returns to Bitcoin Market

The jump was largely driven by bitcoin-focused funds, where inflows rose by $156 million to $225 million, the highest in five months.

By Lyllah LedesmaOct 11, 2021

Podcasts

Crypto News Roundup for Oct. 11, 2021

By Adrian Blust, Adam B. LevineOct 11, 2021

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

Videos

Bitcoin Approaching Resistance Near $58K; Support at $50K

Bitcoin and ether continue to rise, with BTC now surpassing $57,000, although the wider crypto markets are seeing slower momentum. Kapil Rathi, co-founder and CEO of institutional trading firm CrossTower, discusses the macro trends he’s continuing to watch, including regulation, China’s crypto crackdown and institutional adoption.

Oct 11, 2021

Finance

China FUD Over Bitcoin Mining Is ‘Now Moot,’ Luxor Report Says

Bitcoin’s hashrate is expected to climb back near its all-time highs, potentially helping mining profitability, as China’s grip on the sector subsides.

By Aoyon AshrafOct 11, 2021

(artiemedvedev/iStock/Getty Images Plus)

Markets

Bitcoin Approaching Resistance Near $58K; Support at $50K

Momentum has improved over the past two weeks.

By Damanick DantesOct 11, 2021

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Bitcoin Makes Push for $57K as Fed Taper Fears Linger, Leveraged Funds Boost Shorts

The positive sentiment in BTC has been partly driven by ETF speculation.

By Omkar GodboleOct 11, 2021

Markets

Who Bought $1.6B in Bitcoin Wednesday, and Why?

It’s an eerie coincidence that a trade of this size happened on exchanges with ties to Chinese customers during a week beset by that country’s capital market woes.

By Lawrence LewitinnOct 10, 2021