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.
Proving once again that society has moved beyond parody or satire, an upstart ICO has announced a celebrity partner who we sincerely hope will become the new face of cryptocurrency: Steven Seagal.
2017 was an incredible year for Bitcoin (BTC) and the whole cryptocurrency market. They have shown a strong growth as well as resilience to different “complicated” situations. Investors that placed their bets at the beginning of 2017 could even make 4000% profits. But is it possible for Bitcoin to reach similar growth levels in 2018? Let’s see what experts say about the matter.
While fast moving and exciting, the world of cryptocurrency has its share of bad fruits. Traditional swindlers just found a new breeding ground for their illicit practices—cryptocurrency fraud is thriving at alarming rates.
Hackers made their way into the administration panel of one of the renowned cryptocurrency exchange websites, compromising user accounts and escaping with a huge sum of cryptocurrency worth today $70m. The founder of the cryptocurrency exchange has been arrested and charged for refusing to take responsibility for the loss.
Many thoughts have been given to Bitcoin with a lot of arguments on its regulation. The finance minister of Austria has called on the law enforcement agency of the country to regulate the cryptocurrency. Previously, it was Iran and Belarus. Bitcoin is a decentralized currency and cannot be controlled easily by any Central Bank unless by a harsh regulation to scare away users.
During the latter stages of last year, the Iranian government announced the decision to implement a new Bitcoin Infrastructure which saw Bitcoin as a means to avoid transactions whiles at the same time making way for its citizens to trade internationally without any form of restrictions