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.
Bitcoin smashed past $15,500 levels hitting its new 2020-high and eyeing its all-time high above $20,000. The overall crypto market has added $50 billion in the last week. The fiscal and monetary stimulus measures by the Fed push more people closer to buying BTC.
Bitcoin makes swift moves as analysts expect the Fed to continue its money-printing in wake of more stimulus. This creates a more favorable position for Bitcoin as analysts hint at higher targets above $16,000.
On Thursday, November 5th Bitcoin preserves the ascending impulse and aims up high. It is generally trading at $14,344 USD.
Analysts anticipate Bitcoin and markets to experience the big moves after the confirmation of election results, just as it happened four years ago.
The performance of both Bitcoin (BTC) and the major stock indexes, in particular, has remained resilient these days.
CipherTrace stated said that the user probably conducted the transactions to “stay up to date with the Bitcoin network.”
According to Grayscale’s latest investor study report, the number of investors who were interested in Bitcoin popped from approximately 36% last year to around 55% this year.
The DeFi market has plunged over the last month of October as some of the top performers of summer 2020 have seen valuations crashing. Analysts think that the majority of the money from the DeFi market profit-booking has gone to Bitcoin.
In the growing excitement and panic in the market over the U.S. Presidential elections, commodities and safe-haven assets Gold and Bitcoin are showing signs of recovery after the Monday crash.
The difficulty adjustment has stirred up reactions on Twitter, with Twitter users praising Bitcoin Founder Satoshi Nakamoto.
The income from the BNB Vault is calculated on a daily basis and earnings are deposited in the investor’s spot wallet.
PayPal said the service would initially support four digital assets: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH).
Moving away from the “opt-in” approach, Hong Kong’s top financial regulator has mandated licensing of all crypto exchanges operating in its jurisdiction.
Payments giant Mastercard is betting big on a CBDC future and says that all its patents in the cryptocurrency space put the company in a leading position to embrace the next wave of technology.
Paxful said that the goal with the cryptocurrency Visa debit cards is to bring traditional financial services to the “unbanked” or the “underbanked”. The crypto debit card will be useful to all merchant locations and ATMs worldwide.