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Bitcoin Information

What is Bitcoin Bitcoin is the first digital currency that allows users to send and receive money, without the interference of a central bank or government. Instead, a network of thousands of peers is controlling the transactions; a decentralized system.Why does bitcoin have value?Bitcoin’s useful qualities (decentralized, borderless, secure) aren’t the only reason the coin is worth so much. Due to its scarcity (and it’s hard to produce), Bitcoin is often nicknamed ‘Digital Gold’, in reference to ‘classic’ physical gold. Like gold, Bitcoin also has a finite supply of coins available; there will only ever be 21 million bitcoin. And now you know why the creation of new bitcoins is also called mining.No inflation in bitcoinBitcoin was invented in response to a few concerns the inventor(s) had, such as inflation. Its supply is limited, so one cannot just devalue the currency by printing more, as governments often do with fiat currencies (USD, EUR, etc.).As people look for alternative places to keep their money rather than losing value in a negative interest rate account, Bitcoin becomes more appealing. Big global companies, such as Tesla and MicroStrategy already purchased serious amounts of Bitcoin. And its only a matter of time that other companies will follow. This also ensures that the value remains or continues to increase.Who built BitcoinIn 2008, Bitcoin was invented by an anonymous person or group named Satoshi Nakamoto. In 2009, Bitcoin was released as open-source software. Nakamoto’s real identity is still unknown, although there are many theories about who it might be. Decentralization is one of Bitcoin’s most important principles, and that’s why this anonymity is perfectly in line.The technology of BitcoinThe Bitcoin blockchain is a database, the so-called ‘ledger’, that consists of bitcoin transaction records. For new transactions to be added to the ledger, the nodes must agree that the transaction is real and valid. The blockchain is public and contains records of all the transactions taking place.How to buy bitcoin?Continue reading this blog article on how to buy your first bitcoin.


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USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
39955.74 $ 0 % 11.02 Billion $
39985.67 $ 0 % 3.42 Billion $
39929.12 $ 0 % 1.59 Billion $
80.43 $ 0 % 1.53 Billion $
33.33 $ 0 % 578.50 Million $
39863.34 $ 0 % 499.15 Million $
15.9 $ 0 % 223.10 Million $
0.5331 $ 0 % 81.96 Million $
74.85 $ 0 % 16.06 Million $

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According to data shared by crypto influencer John Brown 91 of Bitfinex exchanges reserves are Bitcoin BTC and Ethereum ETH.Coinbase follows Bitfinex as a close second by having 63 of its reserves in Bitcoin and Ethereum according to additional information added by Brown.The ratio of reserves held in BTC amp ETH differs strongly per exchange. Data from cryptoquantcom pic.twitter.comUwxRrS5Ltcmdash

Publictraded Bitcoin mining company Core Scientific has lost about 1.7 billion since the start of the year according to its quarterly report filed with the United States Securities and Exchange Commission SEC on Tuesday.The filing shows that the firm recorded its second consecutive quarterly loss at the end of Q3. The Bitcoin miner lost 435 million in Q3 and 862 million in Q2 bringing its net loss

A 6year veteran of the crypto industry Andrew Weiner serves as the Vice President of MEXC Global. As the former executive of RegTech and digital identity pioneer iComplyKYC he worked with notable brands that include Thomson Reuters ComplyAdvantage IBM Mastercard Deloitte and KPMG to deliver innovative solutions to Virtual Asset Service Providers in over 170 countries.Andrew recently joined the Bit

Core Scientific one of the largest publicly traded Bitcoin miners might not make it until the end of the year.In its quarterly report filed with the SEC the company said 8220substantial doubt8221 exists about its ability to continue going if it fails to raise liquidity.8220However the ability to raise funds through financing and capital market transactions is subject to many risks and uncertaintie

Bitcoin BTC hash ribbon indicators are often used to identify and catch BTC bottoms as the convergence of the BTC hash ribbon signals further miner capitulation as mining costs increase and BTC price falls.As miners are seen to be selling at the most aggressive rate over the last two years the Bitcoin network is set to adjust difficulty negatively for the next epoch.Though miner capitulation has b

In the latest episode of the CryptoSlate SlateCast we caught up with Jason Fang from Sora Ventures to get insight into the Asian crypto market learn why he decided to invest in CryptoSlate and his overall view on the future of the blockchain industry.Sora Ventures is an Asiabased venture capital fund founded in early 2018. Its portfolio includes Immutable Forkast News CasperLabs Guild of Guardians

Market jitters from the FTX collapse have triggered record quantities of Bitcoin leaving global exchanges.Bitcoin Magazine Senior Analyst Dylan LeClair noted that 136992 BTC had been withdrawn over the past 30 days adding that the event was 8220historic.8221 The figure equates to 0.7 of the circulating supply.Accompanying the message LeClair included an Exchange Net Position chart illustrating the

New York state governor Kathy Hochul has signed a moratorium on using fossil fuels to power Bitcoin mining operations in the region.The new legislation aims to address environmental concerns in the state to balance its economic development and climate goals.A TwoYear BanThe approved bill targets Bitcoin and other crypto mining companies leveraging cheap energy for mining digital assets in upstate

A moratorium on some crypto mining operations relying on carbonbased energy has been signed into law in New York. Businesses engaged in proofofwork mining in the state will not be able to expand or renew their permits for the next two years as a result of the ban which is likely to have consequences for the industry across the United States. First of Its Kind PoW Mining Moratorium Takes Effect in