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 Politics Heats Up in Advance of the Midterm Elections

By Nathaniel WhittemoreMay 4, 2022

Podcasts

APE Rises and Falls as Musk Teases Twitter Profile Picture Change

By George Kaloudis, William Foxley, Zack Seward, Jennifer SanasieMay 4, 2022

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

Videos

Marathon Digital ‘Cautiously Optimistic’ About Early 2023 Hashrate Guidance

Publicly traded crypto mining firm Marathon Digital (MARA) has released its Q1 earnings report, stating that the company is “cautiously optimistic” about meeting early 2023 hashrate guidance despite delays. “The Hash” group discusses the firm’s dip in bitcoin production and efforts made to tackle environmental concerns.

May 4, 2022

Videos

MicroStrategy Reports $170M Impairment Charge on Bitcoin Holdings in Q1

According to its recent earnings report, software firm MicroStrategy (MSTR) took a non-cash digital asset impairment charge of $170.1 million in the first quarter on its bitcoin holdings. “The Hash” group discusses the impact of bitcoin’s recent price decline on MicroStrategy’s earnings and shareholder response to the company’s crypto experiment.

May 4, 2022

Videos

Terra to Provide UST Liquidity on Polygon-Based SynFutures

Terra will provide liquidity for TerraUSD (UST) trade pairs on Polygon-based decentralized finance (DeFi) exchange SynFutures as the stablecoin continues to grow in popularity. “The Hash” group discusses the Luna Foundation Guard’s (LFG) bitcoin acquisitions to back the digital asset and Terra’s efforts to build cultural bridges with external ecosystems like Avalanche.

May 4, 2022

Markets

Bitcoin Higher Ahead of FOMC Announcement

The bitcoin price rises as traders await 2 p.m. ET rate announcement from Federal Reserve's monetary policy committee.

By Angelique ChenMay 4, 2022

The largest cryptocurrency rose 1.94% in the past 24 hours to around $38,931 as of press time.

Markets

Bitcoin Downtrend Stabilizes, Resistance at $40K-$43K

Expect choppy price action within the current trading range.

By Damanick DantesMay 4, 2022

Bitcoin's daily price chart shows support/resistance with RSI on the bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Crypto Funds Suffer Fourth Straight Week of Outflows as Bitcoin Stalls

Some $120 million flowed out of digital-asset funds in the week through April 29, according to CoinShares.

By Angelique ChenMay 4, 2022

Digital-asset funds had $120 million in net outflows in the seven days through April 29. (CoinShares)

Videos

Bitcoin’s Role in a Recession; Virtual NFT Vacations

South Korea’s KakaoBank considers crypto exchange partnerships. What is Bitcoin’s relevance as a safe haven as the threat of recession looms? India’s MakeMyTrip launches NFT collection of top travel spots. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

May 4, 2022