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.
Twitter is following the footsteps of Facebook and Google in blocking cryptocurrency ads. This was made known when the company spoke to the Verge, an American technology news media network operated by Vox media.
Upbit, one of the most important cryptocurrency exchanges in South Korea, launched a system that rewards users for reporting fraudulent multi-level schemes related to cryptocurrencies. The Kakao-backed exchange has already identified over 20 scam schemes to the local authorities.
The main reason why investors lose money is making investments in programs with high financial returns whose returns are realized in a short term. Such investment programs with high returns are always at a risk of shutting down quickly. These programs include High-Yield Investment Programs (HYIPs), Ponzi schemes, and well-masked pyramid schemes. They purport to offer very high profits ranging from 5% to 250% monthly on investments.
UK City Minister Believes Cryptocurrencies Could Flourish if Appropriate Regulations Are Implemented
Cryptocurrencies have been expanding in 2017 and regulations have appeared in the last times. Governments are trying to regulate cryptocurrencies and they are searching the way to not kill the environment. According to a British Minister, cryptocurrencies do not threaten the country’s economic stability, Furthermore, regulations can minimize risks and encourage a stable growth.
The cryptocurrency world is highly decentralized and unregulated, making it very susceptible to fraud or forgeries. Read on to discover cryptocurrency exit scam—and how you can identify one. What is a Cryptocurrency exit scam? An exit scam occurs after promoters of a cryptocurrency disappear with the investors’ money during or after an Initial Coin Offering […]
ven though the data is a little vague and we’re not sure about all the details, the new Lenovo S5 with its Z-Space tech and Sichuan Changhong Electric’s R8, the world’s first blockchain phones, are reportedly implementing the new technology to even further guarantee more security and protection the likes of which we have not seen before.