Bitcoin is a decentralized digital currency that can be sent from user to user without the need for intermediaries or central administration. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.
Tesla invested a significant percentage of its cash – $1.5 Billion into Bitcoin. In a recent SEC filing, Tesla disclosed the investment and updated the firm’s intention to acquire and hold digital assets from time to time or long-term. The firm said it bought the Bitcoin to provide more flexibility...
In an era of technological advancement where the entire world is talking about the “Internet of Things” whereby we are expected to have connectivity between anything and everything, Currency cannot be left behind. Paper currency is bound to be a thing of the past. And virtual currencies will start taking...
Miami’s mayor is considering diversifying the city’s treasury reserves into Bitcoin. In an interview with FOX Business on Thursday, Major Francis Suarez said, Bitcoin price started 2020 at $7,200 and ended the year at nearly $30,000, up 296%. The surge continued full-steam into 2021 reaching a record high of $41,987...
It’s frustrating. But also interesting. Over the last few weeks, I’ve heard two-valued investment managers say they don’t believe in the supply limit for bitcoin. If it’s easy for you to scroll through bitcoin, they argue, then there’s really no limit. Most of you, when you read it, draw eyes...
As reported by the local news outlet Runrun.es, the government of Venezuela is paying companies from allied countries, such as Iran or Turkey with Bitcoin to mitigate the effects of United States sanctions on its economy. The economy of Venezuela has been in a state of total economic collapse. This has been largely...
For the first time in three years, the most popular cryptocurrency in the world has broken the $19,000-mark amidst a pandemic, hitting an all-time high of $19,857 in November. The value of Bitcoin has risen by as much as 177% this year, with a 40% surge in November alone, a...
The richest wallets in bitcoin are finally selling their stores, but bitcoin’s price keeps rising. If you’re at all interested in bitcoin or have ventured outside the rock you may be living under – surely, you’ve heard tell of bitcoin whales. These mysterious, and often legendary, owners of some of...
As per the recent report from brokerage firm Charles Schwab, Millennials hold more bitcoin-tied investment products in their investment portfolio than Netflix, Microsoft stock. The analysis shows of the top 10 investment products, Grayscale’s Bitcoin Trust (GBTC) investment product is the 5th popular choice among millennials. Millennials hold 1.84% of...
Fidelity obtains a trust license from the New York Department of Financial Services to offer Bitcoin custody service to New York residents. Additionally, Fidelity also received the license to operate a trading platform on which New York’s institutional investors can securely purchase, sell, store or transfer Bitcoin. “The custody and...
The central bank of Argentina has imposed further restrictions for citizens to buy the U.S. dollar. Earlier individuals had a limit to buy $10,000 per month. The fear of Argentina Peso nearing to the edge of hyperinflation, citizens have been hedging Peso with a stable foreign currency, mostly U.S. Dollar....
