Bitcoin (BTC) News, Price Predictions and Opinions

Bitcoin (BTC)

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Bitcoin (BTC) is a pioneering digital currency invented by a yet-unknown individual or group of individuals presented as Satoshi Nakamoto. Early development began in 2008, during the financial crisis of 2008, with the landmark paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” being released on October 31, 2008. The primary purpose of Bitcoin is in the space of P2P financial transactions, though some supporters envision it more as a store of value.

Often called “Digital Gold” for its monetary properties which are similar to gold, the enduring popularity and market resilience of Bitcoin has encouraged the growth of other cryptocurrencies, and as a result it has come to be known as the “mother” or “father” of all cryptocurrencies. Initially limited to all but the most ardent technology enthusiasts, Bitcoin was responsible for convincing the masses that a P2P financial system devoid of middlemen and centralized was in fact possible, a characteristic made possible through its Proof-of-Work consensus algorithm which incentivized good behavior.

Since its inception in early 2009, Bitcoin has been through a number of changes and incidents, yet continues to thrive as the most popular token in the cryptocurrency market. This includes the famous Mt. Gox incident and several such cycles of price spikes and drops. The enduring nature of Bitcoin is a quality that is highly cherished by its proponents. Many tokens have been inspired by it, including similarly envisioned token Litecoin (LTC), which is often said to be the silver to Bitcoin’s gold. Because of the popularity and established nature of Bitcoin, it is often the base pair with which other cryptocurrencies are traded.

In this tag, read Bitcoin (BTC) news, price predictions, opinions and analyses created by users.


DAILY CRYPTO NEWS AND TOP CRYPTO EVENTS for 28th May 2020

28 May 2020 1 minute read 0 comments Creativeboy

Top Crypto Events Planned for Tomorrow   LTO Network (LTO): Announcement at Webinar More information [on biggest use case] will be revealed at an official webinar by NEN on May 29. Everipedia (IQ): ZebPay Delisting Please note that ZebPay will be del...

28 May: Building Bitcoin

28 May 2020 1 minute read 0 comments TheCryptoCurator

Welcome to Thursday my Crypto Peeps! We are nearly green across the board save XRP and BCH. Securities giant SIX leads $14 Million investment to bring Bitcoin to institutions. Grayscale is buying more Bitcoin than there is mined. Lastly, Samsung is d...

Revolut App Reports 68% Increase in Retail Crypto Traders

28 May 2020 1 minute read 1 comment Abhi K

UK based Revolut, which provides payment and investment products to both retail and business entities, has revealed data that showcases how the COVID-19 lockdown has affected investment in cryptocurrencies. Revolut used the data of 3 million customer...

Bitcoin's Network Fundamentals Post-halving

28 May 2020 1 minute read 0 comments Interdax

It’s been just over two weeks since Bitcoin’s block subsidy halving. How have network fundamentals changed since the start of the fourth mining epoch? Summary: Hash rate has fallen ~30% but Bitcoin’s share of the combined hash rate for the top 3 SH...

The user mistakenly lost $1200 in Ethereum in a minute and a half

28 May 2020 1 minute read 1 comment Kluma

The cryptocurrency holder said that he still has about $700 in ERC-20 tokens, but they will be instantly stolen when trying to withdraw them. A Reddit user told how in a minute and a half he lost $1200 in Ethereum, accidentally uploading a phrase to...

Goldman Sachs Recent Presentation Has Nothing Positive to Say About Bitcoin

28 May 2020 1 minute read 0 comments Abhi K

Slides from a Goldman Sachs presentation held on May 27 make it clear that the investment bank does not think highly of Bitcoin (BTC) and cryptocurrencies, even saying that the latter was not an asset class.  The cryptocurrency world was buzzing with...

DAILY CRYPTO CURRENCY RECAP On 28th May 2020

28 May 2020 1 minute read 0 comments Creativeboy

Coin news   Market Wrap: Bullish Traders Push Bitcoin Over $9,100, Returning to Halving Levels! by coindesk.comTraders were feeling good about bitcoin’s upward trend and pushed it over $9,100 Wednesday. ... Bitcoin Transaction Fees Decline as Network...

What is DAI (cryptocurrency)? Who invented DAI?

28 May 2020 1 minute read 0 comments AnAn

1.DAI is a stable decentralized cryptocurrency relative to the value of the dollar. It was created through the Makers Dai Stablecoin (MKR) system, which uses margin trading to respond to market fluctuations and preserve its value relative to the majo...

Grayscale Buys More Bitcoin than What It's Being Mined

28 May 2020 1 minute read 5 comments Abhi K

Data examined by Kevin Rooke showed that Grayscale Investments has purchased nearly 19,000 Bitcoin (BTC) since Bitcoin’s halving on May 1 - but the number of Bitcoin’s mined during this time period is 12,337 BTC. Rooke also points to the recent Goldm...

Don't Quit

28 May 2020 1 minute read 1 comment cracken

In life, matters will on occasion go wrong. Not the all things will work in line with what you planned but regardless of how matters turn out, don't quit. When the street looks so far and your destination seems unreachable, don't stop moving. Every s...