Bitcoin

Bitcoin (BTC, ₿) is the first decentralized digital currency and the first cryptocurrency in the world, that doesn’t need any banks or administrators, because it has the peer-to-peer network.

Bitcoin network nodes verify all transactions due to the use of cryptography and recorded in a public distributed ledger called a Blockchain.

Bitcoin was created in 2009 by an unknown person or group of people under the pseudonym Satoshi Nakamoto.

The Bitcoin cryptocurrency token can be received as a reward for a process called bitcoin mining. Or one can sell BTC tokens or exchange for other currencies (including cryptocurrencies, fiat and coupons), products, and services.

Bitcoin has many positive benefits against other currencies. Bitcoin’s price is determined not by the central banks but by the ordinary people. And Bitcoin price is highly volatile.

Jul 02, 2020 at 13:28
News

The King for Thieves: Criminals Tend to Choose Monero Over Bitcoin

Cryptocurrency has been attracting illegal dealers since its very inception. Due to its anonymity and security, Bitcoin was widely used as a payment method on the darknet shadow markets. However, lately criminals started paying more attention to Monero as this cryptocurrency allows for an enhanced secrecy and disguise.

Jul 01, 2020 at 12:50
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Crypto Nation Is Growing: Switzerland Improves Environment for Blockchain and Cryptocurrency

Dubbed Crypto Nation for its friendly stance for innovations including blockchain and cryptocurrency, Switzerland confirmed the name once more. A new legal package passed by the Swiss Federal Council is going to remove all existing legal barriers for startups.

Jul 01, 2020 at 12:09
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Cybersecurity Threats: Are Cryptocurrency Exchanges More Vulnerable than Banks?

Since the inception of bitcoin, cryptocurrency exchanges have been a major target of attack compared to other traditional financial institutions such as banks. As cryptocurrency platforms tighten cybersecurity, hackers find new cracks in the wall.

Jul 01, 2020 at 10:31
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Bitcoin Stalls Below $9,200 Resistance, May Break up Soon

Following the recent recovery above $9,100, Bitcoin bulls fail to break the $9,200 resistance. Consequently, the price is stalled below the resistance.

Jun 29, 2020 at 11:26
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Bitcoin Risks Fresh Decline as It Struggles to Hold Above $9k

Bitcoin has survived two breakdowns in June below $9,000 support as bulls continue to buy the dips. On June 11, the bulls failed to push above the $10,000 overhead resistance as the bearish reaction plunged the coin to $8,914 low.

Jun 28, 2020 at 09:02
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Crypto Newbie: 5 Reasons People Lack Trust in Bitcoin

Despite the interest in bitcoin as well as other cryptocurrencies has grown rapidly, there are still lots of people that are cautious about it. While faithful adepts of the crypto industry argue that cautiousness is caused by the lack of awareness, there might also be other reasons for the lack of trust.

Jun 27, 2020 at 10:56
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PayPal Is Looking to Take Advantage of Cryptocurrency to Stand out Among its Competitors, or Not?

Since June 22, the community has been excited by the news that PayPal is going to launch direct buy and sell of cryptocurrency. However, the payment giant is taking its time to provide any confirmations, making people hesitate if this is something more than rumours.

Jun 24, 2020 at 21:20
News

Traders Getting Strong Returns Regardless of Bull or Bear Trends

The cryptocurrency market has shown itself as one of the most volatile markets in the world. Bitcoin and altcoin price daily fluctuations sometimes vary from 4% to 40%. Most of the traders have to struggle with such a high volatility level and keep on earning instead of losing.

Jun 24, 2020 at 14:24
News

Crypto Newbie: Why are There So Many Bitcoins?

Most newcomers to the cryptocurrency market are aware that bitcoin is not the only digital currency they can use. However, they are also sure there is only one Bitcoin. That is why they might get very confused to learn there are more than one of them.

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