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.

Finance

Bitcoin Miner Greenidge’s NY Power Plant Permit Delayed: Report

The decision by the state’s Department of Environmental Conservation will now come by the end of March.

By Aoyon AshrafJan 28, 2022, 7:14 p.m. EST

Finance

State Senator Introduces Bill to Make Bitcoin Legal Tender in Arizona

The U.S. Constitution doesn't allow individual states to create their own legal tender, however.

By Brandy BetzJan 28, 2022, 4:30 p.m. EST

The Arizona legislature will consider a bill to make bitcoin legal tender in the state. (Carol M. Highsmith/Buyenlarge/Getty Images)

Markets

Market Wrap: Bitcoin Stalls Below $40K, Analysts Point to Risks in DeFi

Some observers are concerned about a "crypto winter."

By Damanick Dantes, Angelique ChenJan 28, 2022, 4:27 p.m. EST

Rising risk makes investors more cautious (Shutterstock)

Markets

Bitcoin Holds Support Above $35K; Resistance Near $40K

BTC is stabilizing between $30K and $40K as oversold conditions remain intact.

By Damanick DantesJan 28, 2022, 3:03 p.m. EST

Bitcoin weekly price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Videos

Goldman Sachs: Bitcoin, Altcoins to Become More Correlated With Traditional Financial Market Variables

In a report Thursday, Goldman Sachs said mainstream crypto adoption can raise valuations but also raise correlations with other financial market variables, reducing the diversification benefits of holding digital assets. “The Hash” hosts dig into the report, discussing whether bitcoin moves in sync with the traditional markets.

Jan 28, 2022, 3:02 p.m. EST