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.

Elon Musk is Responsible for Another Bitcoin Trend Reversal. Is it a Pump-and-Dump scheme?
Jun 18, 2021 at 10:54
News
Elon Musk is Responsible for Another Bitcoin Trend Reversal. Is it a Pump-and-Dump scheme?
As the month-long skyrocketing of the digital currency market continues, Elon Musk the CEO of Tesla and SpaceX has come out to refute claims that he is a person behind the current bitcoin pump-and-dump scheme in early 2021.
Bitcoin Battles Resistance at $41,000, Targets $46,000 High
Jun 17, 2021 at 09:41
News
Bitcoin Battles Resistance at $41,000, Targets $46,000 High
Bitcoin (BTC) rebounds above the $38,000 support as the crypto retests the $41,000 resistance zone. In the first attempt on June 14, BTC's price rallied to $40,980 high but couldn’t penetrate the resistance zone.
Cryptocurrency Investors Remain Optimistic Despite Market Downturn
Jun 17, 2021 at 08:32
News
Cryptocurrency Investors Remain Optimistic Despite Market Downturn
The cryptocurrency market has lost over $849 billion in the past month but this has not threatened some of the investors. About 81% of the cryptocurrency investors have remained more sanguine despite this dramatic market downtrend.
Cryptocurrency Scams are on a High Rise; A 1000% Increase Registered, Billions Lost
Jun 16, 2021 at 08:19
News
Cryptocurrency Scams are on a High Rise; A 1000% Increase Registered, Billions Lost
There has been a significant increase in the use of digital currencies ever since Covid-19 pandemic started. However, scammers have taken advantage of the pandemic to scam cryptocurrency users, investors and other innocent people. Last week alone, an investor in the UK lost more than $283,200 through a cryptocurrency scam.
CoinMarketCap Provides Wrong Data: Was It a System Error?
Jun 15, 2021 at 13:33
News
CoinMarketCap Provides Wrong Data: Was It a System Error?
On June 13, the world's most-referenced price-tracking website, CoinMarketCap, has provided wrong data for most of the cryptocurrencies including their market caps, dominance and others. This wrong data was misleading the community especially those who want to sell, buy or invest in certain cryptocurrencies.
Cryptocurrency Market Drops 4% in 7 Days as Bitcoin Surges 8%
Jun 15, 2021 at 08:28
News
Cryptocurrency Market Drops 4% in 7 Days as Bitcoin Surges 8%
In the past 7 days, the entire digital currency market managed to dip from $1.662 trillion to $1.603T, indicating a sharp fall of about 4.06%. The 7d prices of all the top 5 out of 50 tokens in the world are trading in the red. Nevertheless, the largest coin by market cap managed to surge by about 8% in one week.
China and India Face Money Laundering Threat Through Cryptocurrency
Jun 14, 2021 at 10:39
News
China and India Face Money Laundering Threat Through Cryptocurrency
Ever since the first cryptocurrency, Bitcoin, was invented, cases of money laundering have been on a high rise almost every year. Now, China and India are battling with money laundering cases that are a threat to their economy and the finance industry at large.
Ukraine Welcomes Cryptocurrency Despite Cautiousness from National Bank
Jun 10, 2021 at 13:09
News
Ukraine Welcomes Cryptocurrency Despite Cautiousness from National Bank
The cryptocurrency industry in Ukraine seems to be heading south after the National Bank of Ukraine (NBU) came out to warn the citizens about the risks associated with this nascent digital asset.
Bitcoin Rebounds Sharply but Unable to Sustain above $40,000 High
Jun 10, 2021 at 12:05
News
Bitcoin Rebounds Sharply but Unable to Sustain above $40,000 High
Bitcoin's (BTC) price retraces after a successful rally to a $37,500 high. Previously, the crypto had earlier fallen to $31,075 support after surviving the recent bearish run.
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