bitcoin Bitcoin (BTC)

-0.11% (24H)
Market CapVolumeAvailable Supply
$239.82 B$20.33 B18.53 M BTC

Bitcoin current price is $12,962.00 with a marketcap of $239.82 B. Its price is -0.11% down in last 24 hours.

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority or banks. Bitcoin is design to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes. Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on. The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

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With CBDCs, central banks will compete at the payments level and force stablecoins out of the system. Meanwhile, investors will turn to #Bitcoin as they recognize its “lopsided risk-reward” ratio, says Raoul Pal.

@n1ckchong reports

Investors flocked to @Grayscale amid Bitcoin’s surge towards $13,000, adding $300 million to the firm's assets under management - $233 million of which went to the Grayscale #Bitcoin Trust.

In an interview on Thursday, billionaire investor Paul Tudor Jones said #Bitcoin is still in its “first inning” and that “it’s like investing with Steve Jobs and Apple or investing in Google early.”

@n1ckchong reports

Fintech firm and #Bitcoin banking app operator Mode plans to convert up to 10% of its cash reserves to #bitcoin in a pursuit to protect investors’ assets from currency debasement.

@williamheasman reports

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