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.
Corruption is a deeply entrenched vice in many countries worldwide. It has become a nagging threat to government and international security. However, blockchain technology has the potential to bring the activity to a minimum.
Cryptocurrency related activities are expanding in many different fields. One of the industries that has an interesting future potential is cryptocurrency mining activities. Nvidia is now boosting its GPU production in order to fulfil the increased demand from cryptocurrency miners.
In an interesting turn of events, Belarus has declared that cryptocurrency business and crypto-related activities are now legalized in the country. The announcement follows the presidential decree “On the Development of the Digital Economy,” which was confirmed on March 28. With a newly initiated business-friendly environment, Belarus will be a global IT hub that attracts entrepreneurs […]
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.