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.
This article will provide you with the most basic information on cryptocurrencies and their features.
Bitcoin price has performed rather well during the pandemic in comparison to the Dow Jones that was down 0.80% year to date.
Bitcoin Futures contract has at this time revealed a differing behavior between hedge funds and institutional investors in a scenario that seems to stir market analysts amusements.
Trading bots are extremely advanced Artificial Intelligence solutions that use complex IT and programming algorithms beyond the scope of human reach.
Local businesses setting up eCommerce shops is a good idea. People like and want to shop locally, but they like the convenience of online shopping.
This is the first funding for BTC Direct over the last seven years since inception. The European crypto platform will use these funds to further expand its services in the region.
The pioneer cryptocurrency remained stagnant during the third week of October.
OKEx CEO Jay Hao assured OKEx customers that their funds are safe and the investigations are being carried out.
Although the Bitcoin blockchain lacks the infrastructural model to enable interoperability and power a DeFi landscape like Ethereum, the asset is increasingly being used to provide liquidity in the DeFi market.
October looks promising to Bitcoin traders as the price hiked in spite of pushes from regulators.
On Wednesday, 14th October, BTC/USD was trading in the price range between $11,430 and $11,568.
The Mt. Gox trustee has led the extension of the rehabilitation plan multiple times with the recent ones dating back to March 31, 2020.
Bloq announced an easy-to-use platform dubbed Vesper that would automate DeFi investments. Vesper is simpler than yield farming as it saves time as well as money spent on transaction fees since it entails a handful of steps instead of a dozen.
Many public companies are optimistic about Bitcoin as an investment due to the predetermined fundamentals.
During the Q3 2020, Grayscale raked-in over $1 billion worth of investments in its crypto products. The total inflow in Grayscale products so far in 2020 has surpassed its cumulative inflow of six years between 2013-2019.