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.
The South Korean government said that it will impose new measures to regulate the cryptocurrency market. The intention is to stop the speculation in cryptocurrency market due to its consequences in the population. The objective of these measures is to protect investors and merchants that use cryptocurrencies.
Huobi Pro, one of the most known cryptocurrency exchanges in Asia has decided to launch an ICO token dubbed WAX. The token was launched on December the 20th with an incredible support during the first day after its launching. Unfortunately, the company has been accused of pump and dump during the first trading day. Now, Huobi CEO Li Lin, said that they will compensate users with 100 million CNY.
Mike Novogratz, former principal and macro fund manager at Fortress Investment Group, has put its cryptocurrency hedge fund in suspense. He said that the cryptocurrency market could reach again $8,000 dollars in the short term. Mike Novogratz has been supporting Bitcoin and criticizing Jamie Dimon, what happened now?
Everyone who is knee deep in the cryptocurrency business knows that cryptocurrencies are one of the most volatile of all things ever created. Today, it could look like the hope of the future, tomorrow it could look like the end of the world doomsday everyone has always dreaded. Recently, bitcoin – the mother of all […]
The proposal by the US government to have Fedcoin as a cryptocurrency supported by the Federal Reserve has been around for quite a while. Is this a threat to Bitcoin? In early 2015, a Federal Reserve VP guessed, “Imagine that the Fed, as the core developer, makes available an open-source Bitcoin-like protocol (suitably modified) called […]
The crypto markets are recovering from a brutal decline in the last few days. As of this writing, most digital assets have experienced an upswing of between 10 and 20% in the last 24 hours after they experienced a massive 30% crash on Friday, December 22. Following the crash, the total cryptocurrency market cap plunged […]