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.

Podcasts

Crypto News Roundup for Nov. 16, 2021

By Adrian Blust, Adam B. LevineNov 16, 2021

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

Markets

VanEck Bitcoin Futures ETF Finds Cool Reception

The new investment vehicle, trading under the stock ticker XBTF, jumped into the competition with a lower fee than two similar funds launched last month. But its first-day trading volume was still comparatively anemic.

By Tanzeel AkhtarNov 16, 2021

(Metropolitan Museum of Art, modified by CoinDesk)

Markets

Bitcoin Below $60K in a ‘Funding Reset’ Move, Tests Key Support: Experts

Market appeared quite complacent and due for a pullback, observers said.

By Omkar GodboleNov 16, 2021

Bitcoin's daily chart showing a drop to the 50-day moving average on Nov. 16 (TradingView)

Markets

Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High

Ned Segal’s comments likely provided a reason for traders to take some risk off the table in the wake of the rising dollar and U.S. tax reporting requirement.

By Omkar GodboleNov 16, 2021

Chart showing a drop in bitcoin's price Nov. 16 (CoinDesk, highcharts.com)

Finance

AMC Theatres to Accept Shiba Inu Within Two to Four Months

The largest movie theater chain in the U.S. already accepts bitcoin, ether and other cryptos.

By Eliza GkritsiNov 16, 2021

(Donreál Lunkin/Unsplash modified by CoinDesk)

Markets

Bitcoin Pullback Could Stabilize Around $60K Support

Upside momentum is slowing, although pullbacks remain limited.

By Damanick DantesNov 15, 2021

Bitcoin's four-hour price chart. Lower chart shows a neutral reading on the RSI indicator. (Damanick Dantes/CoinDesk, TradingView)

Markets

Market Wrap: Analysts See Bitcoin as Still in ‘Bullish Phase,’ Despite Pullbacks

But it remains to be seen whether investors will continue to accumulate BTC in hopes of long-term gains.

By Damanick Dantes, Helene BraunNov 15, 2021

Tech

What Taproot Could Mean for Bitcoin Investors

Taproot is an overwhelmingly positive upgrade to the Bitcoin protocol, but it is not itself enough for investors to get excited.

By George KaloudisNov 15, 2021

Videos

Bitcoin’s Bull Flag Breakout Suggests More Upside

Bitcoin's price bounced to $66,000 Monday, partially erasing the losses from last Wednesday. Technical charts signal an impending boost from a bullish continuation pattern. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Nov 15, 2021

Videos

Is Bitcoin's Taproot Upgrade Already Priced In?

Jason Deane, a Bitcoin analyst at Quantum Economics, discusses his views on the impact of Taproot on bitcoin's price as the technical upgrade went into effect Sunday. "There are a lot of people forecasting 6 figures," Deane said. "I think it's possible."

Nov 15, 2021