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.
The rumors of OKEx founder’s release brings some optimism back to the Chinese crypto market as the OKB Coin clicked $143 million volumes on Wednesday. It’s not clear whether this is a conditional bail or the end of the investigation.
Singapore-based trading firm QCP Capital notes that Chinese miners are facing major liquidity issues and unable to sell their holdings due to government crackdown on exchanges. This gap in demand and supply has triggered the latest BTC price rally.
Online cryptocurrency platforms have made it easy for customers to purchase well-known retail gift cards.
Pliego clarified that his investment is worth $13.8 billion. Gauging from his investment projections, he is holding Bitcoin valued at almost $1 billion.
Grayscale previously reported that as of October 30, the total assets under management stood at $7.6 billion. In less than a month it has hit a new milestone.
Bitcoin bulls take the market by storm as BTC price surges over 9% and now is getting closer its all-time high. Bitcoin has attained these levels for the first time in approximately the last three years.
The SEC revealed that it brought 56 cases related to blockchain projects, cryptocurrencies and digital assets since July 2017.
Merchant bank Galaxy Digital launches the new Bitcoin Fund in partnership with the Canadian investment firm CI Global Asset Management. Novogratz doubles down on his BTC prediction expecting it to touch $65,000.
On Monday, the Coinbase crypto exchange faced multiple outages as investors rush for Bitcoin gathered steam with BTC price hitting its new 2020-high above $16,800 levels.
SEC may be seeking to establish a definition for “Qualified Custodian” to easily identify companies that fall into that category for easy supervision.
Jaan Tallinn noted that the reason for donating in Bitcoin and Ethereum is the fact that it is much easier to send digital assets.
Citibank executive noted that Bitcoin is going through a similar period to that of Gold in the 1970s and expects a potential breakout next year.
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According to a report, close to $300 million equivalent to 18,652 BTC has been moved from Huobi to Binance from the time the Chief Operating Officer of Huobi Robin Zhu disappeared on November 2, 2020, to November 11, 2020.
The Bitcoin market capitalization which was hovering around $300 billion and conquered 65% of the total market cap moved the digital asset into the list of first 20 major assets.