Bitcoin News Today
Bitcoin (BTC) news covers all information on Bitcoin and other related cryptocurrencies. Bitcoin is a digital currency that was created in 2009 by anonymous founder Satoshi Nakamoto and has since gone on to lead the rise of other digital currencies like it, such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), EOS, Binance Coin (BNB), Monero (XMR), Bitcoin Cash (BCH) and Tether (USDT) among others. The cryptocurrency is decentralized and thus can be sent and transacted over its own peer to peer Blockchain network without a middleman verifying a transaction.
Bitcoin Adoption
Bitcoin (BTC) has grown in leaps over the decade and has had it’s worth multiply in hundreds and thousands since January 2009 when the first BTC block was mined. Bitcoin transactions are irreversible and pseudonymous amongst other properties. Confirmed transactions on the Bitcoin Blockchain network cannot be undone, which in its way also contributes to the strong security associated with BTC.
Over time the awareness that bitcoins like most crypto currencies operate outside the control or regulation of any third parties such as banks, financial institutions, or the government triggered a wakeup call directed to the risks investors may be exposed to when involved in this venture.
Venturing in Bitcoin
Apart from being trustless, the crypto coin is also permissionless, which sets it apart from traditional fiat currencies and government issued money. The cryptocurrency exchange is also important in bitcoin transactions and the overall ecosystem. You’ll need a cryptocurrency exchange to exchange fiat currencies or regular-coins for some BTC.
Bitcoin Mining
Bitcoin mining operations are done to issue new BTCs into the market, with the overall BTCs eligible for circulation set at 21 million. At present, Bitcoin now has more than 18 million coins in circulation and its next halving event, which would reduce its mining rewards by half for the third time, has been slated for May 2020. At present, Bitcoin has a total market capitalization higher than $110 billion and has hit records higher than 300 billion in the past. The next few years might see Bitcoin eclipse its previous records.
An estimate of Bitcoin’s volatility index from the last 60 days shows that it’s been around 4.61%.
The new crypto card by Uphold will also include some of its supported assets like the US equities, carbon credits, and precious metals.
Bitcoin has been the topic of conversation across the finance world as many business tycoons have voiced out their opinions on the digital coin which largely remain positive.
Guggenheim CIO noted that the recent spikes to the levels above $40,000 are, however, fueled by short-term speculations.
The Binance Pay, according to the report currently supports five currencies which are Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), Binance USD (BUSD), and SXP.
OKEx notes that the new Lightning Integration will help to significantly reduce average transaction costs and improve transaction times while improving the user experience on the platform.
Bitcoin has failed to maintain a persuasive continuation of its recent bull-run price action but is able to move higher soon.
The new Gemini Earn crypto-interest product seamlessly integrates with some of the company offerings like Gemini custody and exchange services.
With the increasing interest in Bitcoin and altcoins among institutional investors, Grayscale has been expanding its offerings.
Last year, Riot Blockchain stock experienced an astronomical rally. In the past twelve months, RIOT shares are approximately 1457.25% up. In the past three months, it rallied by 514.00%.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly recap.
The Coinbase direct listing on Nasdaq is set to attract more investors into the crypto market industry.
Aside from the AI, Level01 displays few great innovations such as providing traders the ability to swap USDT to LVX or vice versa on the app itself, skipping the need to go to exchanges.
From Gene Simmons’ list of digital assets, both XRP and Dogecoin have been involved in tremendous gains in the past few days mostly fueled by the WallStreetBets speculation frenzy.
Speaking about Bitcoin, Elon Musk stated that the asset “is really on the verge of getting broad acceptance by sort of the conventional finance people.”