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

Bitcoin Lethargic as May Starts, Though Month Could Prove Pivotal

The largest cryptocurrency is up 1.3% so far in May, a month where returns historically have averaged 27%. But at least one analyst suggests the price could still drop as low as $32,000.

By Angelique ChenMay 2, 2022

The largest cryptocurrency up 1.26% through the first two days of May, to around $38,310 as of press time. (CoinDesk)

Videos

Warren Buffett and Charlie Munger Blast Bitcoin, but They Are Wrong

During Berkshire Hathaway’s annual shareholder meeting, investment tycoons Warren Buffett and Charlie Munger shared some controversial opinions on bitcoin, with Munger describing the digital asset as “stupid” and “evil.” “The Hash” group discusses Buffett’s long-standing history of opposition towards BTC and why Ethereum might have more appeal to him.

May 2, 2022

Markets

Bitcoin Downtrend Intact; Support at $37K

A decisive breakout or breakdown could occur this month.

By Damanick DantesMay 2, 2022

Bitcoin daily price chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Podcasts

BAYC Virtual Land Sale Tops $285M With Investors Spending Over $176M in Gas Fees Alone

By William Foxley, Zack Seward, Jennifer SanasieMay 2, 2022

Terraform Labs CEO Do Kwon’s History Behind Another Failed Stablecoin

Finance

Marathon Digital Kicks Off Miners’ Earnings Season With Focus on Rig Deployment, Funding

The bitcoin miner will report its first-quarter results on Wednesday, followed by its first-ever earnings conference call.

By Aoyon AshrafMay 2, 2022

Finance

Michael Saylor, Jack Dorsey Among Bitcoin Heavyweights Defending Mining in Letter to EPA

Bitcoin mining sites are no different than data centers operated by mega-cap tech firms such as Amazon, Apple, Google, Meta and Microsoft, the authors wrote.

By Aoyon AshrafMay 2, 2022

A bitcoin mining facility. (Christinne Muschi/Bloomberg via Getty Images)

Finance

NYDIG’s $59K Bitcoin Bounties Program Begins Paying Developers Who Improve the Network

The program, which launched two weeks ago, has paid out $1,800 so far, according to sources.

By Cam ThompsonMay 2, 2022

NYDIG has earmarked $59,000 to be paid out for its bounties program. (Marissa Anderson/Flickr)

Videos

Why Warren Buffet is Wrong About Bitcoin

Osprey Funds Founder and CEO Greg King shares his crypto markets analysis, plus his reaction to the recent remarks from Warren Buffett and Charlie Munger as Buffett claims that he would not buy all the bitcoins in the world for $25 dollars.

May 2, 2022

Videos