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.
If confirmed, Michael Barr would be the second appointee to the OCC with crypto experience.
On Thursday, the leading cryptocurrency keeps correcting, declining to $34,738 USD.
BlackRock’s SEC filing suggests that the fund manager is seeking exposure to investing in Bitcoin Futures for two of its funds. The world’s largest asset manager shall be waiting for an SEC nod to invest in Bitcoin (BTC).
Bohdan Prylepa believes that the biggest strength of Blockchain comes from the fact that it is run by its users.
The initial tranche will see 500 pieces of equipment delivered within May and June. Then each month 900 pieces of equipment would be delivered over the course of the year.
Respondents of the Deutsche Bank survey stated that Bitcoin and the tech stocks are likely to correct over the next 12 months. They view Bitcoin and companies like Tesla in the bubble territory as both have appreciated 10x since the March 2020 lows.
Per the survey, a record number of investors expected higher inflation over the course of this year.
Grayscale Bitcoin Trust pockets another 16,000 Bitcoins in a single day taking its net asset under management above $23 billion. The recent BTC purchase was 18x more than what Bitcoin miners added to the supply.
The ETP product is set to complement CoinShares’ strategy in pushing Bitcoin into the mainstream cycle of adoption.
The malicious Trezor app has been downloaded over 1000 times and may have already caused some serious problems to unsuspecting users.
Link has moved from a trading price of $12 on January 11, 2021, to a current position of $22 with a market cap of near $9 billion.
Recently, when Bitcoin (BTC) crossed $41,500 levels, Minerd contradicted his own bullish prediction saying that it’s time for some profit-booking. However, the Guggenheim CIO clarified that it was for the short term and added that he still remains bullish on long term.
Grayscale continues to attract institutional money in 2021 after reporting a staggering $3.3 billion inflows during Q4 2020. Last week, the digital asset manager purchased nearly 10K Bitcoins worth over $300 million.
The inside source made assertions that Goldman Sachs is avoiding cryptocurrency brokerage services which are currently being provided by a number of US-based cryptocurrency exchanges including Coinbase, and Gemini amongst others.
The predictions are seamlessly integrated with the Crypterium wallet that is easily accessible by login into the wallet and heading to the market section.