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.
Amber Group is reported to have a daily trading volume of between $100 to $200 million.
Crypto asset traders and analysts are looking for positives for the crypto industry out of the newly elected leaders.
Nouriel Roubini said due to the lapses of existing digital currencies bordering on scalability and security most importantly, they cannot be the future of digital payments, but CBDCs will.
The only exception to this is if such businesses have obtained a ‘reciprocal’ license from another state that is deemed appropriate for authorization to operate cryptocurrency services in the state of New Jersey.
Just a few days after the US election is over, world pharmaceutics giant Pfizer announces that it’s COVID-19 vaccine is 90% effective. The news spread rapidly through the media and sparked a surge of the US indices.
The banking giant said that Bitcoin is smartly consolidating its strength against the yellow metal and emerging as a potential alternative.
Bitmax’s recent expansion to the DeFi landscape is an accurate representation of the prevailing trend of the centralized crypto exchange market.
Out of the total number of crypto ATMs globally, the US has about 79%, which equals 9242 machines.
Bitcoin’s latest market rally has helped it surpass the market cap of some of the top companies. Another 50% of the current levels can put it above Visa, Mastercard, and JPMorgan. Veteran players from the investing world say that big companies will soon have exposure to Bitcoin.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements. Weekly recap.
The fate of blockchain, DeFi and crypto will only thrive if Biden appoints blockchain and crypto-centric professionals to head key positions that can impact the regulatory space needed for growth.
The major reason why the economy took a down-plunge was as a result of the COVID-19 pandemic, the move to stock up on Bitcoin as a hedge against the imminent economic crash now seems to be a smart step.
On an overall scale, the third quarter’s total company revenue amounted to $3.03 billion, up from $1.27 billion in the third quarter of the previous year.
According to EY’s filing, the company is planning to convert all recovered assets into Canadian dollars. It is also going to allocate funds to Quadriga’s customers depending on cryptocurrency prices from 2019.
The operations of the Silk Road were short-lived as US Authorities were able to obtain enough evidence through masked purchases of items on the site, giving the perfect shreds of evidence to close down the site.