Bitcoin News: Bitcoin (BTC) is the first ever cryptocurrency, developed and released by an unknown programmer or programmers named Satoshi Nakamoto. The Bitcoin whitepaper introduced the concept of cryptocurrencies to the world in 2008 and since then a digital currency revolution has started. That’s why Bitcoin news became so important. Cryptocurrencies are peer-to-peer and open-source digital currencies or tokens that use blockchain technology or other distributed ledger technology, thus eliminating third party involvement. The Bitcoin whitepaper introduced the concept of blockchain technology and added a Proof-of-Work (PoW) consensus protocol for increased security.
Bitcoin has proven many times that it’s the most valuable cryptocurrency from the whole digital currency economy. Bitcoin gradually became the digital gold for the whole economy, acting as a store of value in Bear markets. The maximum Bitcoins that will be mined is 21 million BTC and in time the digital currency will become scarce, increasing in value with time. Scalability is the biggest problem that Bitcoin is facing, but with the introduction of more and more technology improvements, only time will show the true potential of Bitcoin.
It is now apparent that China’s stock exchanges are out to block companies from spreading false information around the blockchain technology, a move that has greatly influenced their share price.
So you know pretty much from the beginning we have been telling you about the vicious struggle between the governments and the cryptocurrency community. The idea is as it always has been: the governments are trying to control the people so it can squeeze the last bit of income from them before they’re discarded.
Blockchain technology is being used in many different fields, and one of the most benefited is the financial world. In the past, the Australian Securities Exchange (ASX) started to work with blockchain technology to improve its services and products. Now, the Hong Kong Exchanges and Clearing Market (HKEX) will start to collaborate with the ASX to use blockchain.
Cryptocurrency regulations are expanding all over the world, but at the same time, some countries are trying to allow cryptocurrencies to spread in their territories. The Zug region in Switzerland is one of these places where virtual currencies have found a place were to settle. But some officials are concerned about this Crypto Valley in the long term.
0.0 00 Didn’t we say blockchain was the future? Now, after Dubai famously declared they are building a whole economy on the blockchain, Brazil is to use Ethereum in order to create an ultimately fair voting system, which you will know if you’re reading our site on a regular basis. Ever since its inception, digital […]
Thailand is soon to introduce a special law that will regulate the purchases and sales of cryptocurrencies and Initial Coin Offerings in order to avoid market manipulation, money laundering, tax evasion, and multi-level marketing schemes.