BITCOIN
Bitcoin (BTC) is the world’s first open-source, peer-to-peer cryptocurrency developed by a pseudonymous person or group of people under the name of Satoshi Nakamoto in 2008. The identity of Satoshi Nakamoto remains a mystery. The crypto is run on distributed ledger technology, also known as blockchain. Bitcoin allows for lower transaction fees than traditional online payment systems, and is decentralized, unlike government-backed currencies. Bitcoin is the world’s largest cryptocurrency by market capitalization and has a limit of 21 million coins. The cryptocurrency uses a proof-of-work protocol to enable security, privacy, and legitimacy of monetary transactions. The issuance of Bitcoin requires mining, where programmers solve a difficult cryptographic puzzle to be able to mine Bitcoin, which earns them a reward. Bitcoin remains the most popular cryptocurrencies, all other cryptocurrencies are known as altcoins. Please see below for Bitcoin news, Bitcoin (BTC) price analyses, and more.
18,000 Bitcoin Whales Circle the Crypto Market, Each Holding At Least $1 Million in Bitcoin
Glassnode’s recent report shows that the number of Bitcoin addresses holding at least $1 million worth of Bitcoin has increased by 38%. Currently, there are 18,000 Bitcoin whales.
Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion
Chinese authorities have arrested all 27 primary criminal suspects involved in the Plus Token Ponzi scheme that defrauded nearly 40 billion Chinese yuan, approximately $5.7 billion from victims.
Bitcoin’s Scarcity Feature Makes the Crypto an Aspirational Store of Value for Investors, says Fidelity Digital Assets
Fidelity Digital Assets, the crypto arm of investment firm Fidelity Investments found in its new report that many investors consider Bitcoin to be an “aspirational store of value”. The firm believes that the largest cryptocurrency has the properties of a store of value but has yet to be widely adopted.
"Buckle Up" For Bitcoin's Next Bull Run, Cameron Winklevoss Says
Gemini co-founder Cameron Winklevoss believes that the next Bitcoin bull run coming up will be "dramatically different,” due to the innovative financial resources that crypto investors have access to nowadays and to the current economic infrastructure.
Bitcoin Price Bull Run Will Hit All Time High in 2020, Predicts Billionaire Bitcoin Investor
The Bitcoin price is heading to $20,000 by the end of 2020 according to billionaire cryptocurrency investor Michael Novagratz, CEO, of Galaxy Digital.
Will Bitcoin Replace Gold as A 'Traditional Safe-Haven Asset?' Experts Debate
Nigel Green, CEO, and founder of financial consultancy firm deVere Group, addressed Bitcoin’s bullish traction on the crypto market and boldly stated on his Twitter platform that the cryptocurrency was potentially going to “knock gold from its long-held position” of being a safe-haven asset.
Bitcoin Wakes Up from Slump and Surges, While Gold Rallies
As the value of the USD has been depreciating with the mass printing of stimulus checks deployed by the US government and with gold finally responding with a price rally, Bitcoin (BTC) has finally gained some bullish traction on the crypto market.
One Million Bitcoin Held By Dark Web Marketplaces and Cybercriminals, Chainalysis Data
Data from Chainalysis reveals that almost one million Bitcoin is circulating on the dark web between bad actors and illicit darknet markets.
Bitcoin Price Surges Over the $10,000 Mark—Traders Expect it to Edge Higher
Bitcoin price crossed the $10,000 mark on July 26, reaching its highest level in almost two months. Bitcoin (BTC) is trading around the $10,248 level at press time. The last time Bitcoin was at the $10K level was on June 10.
Will A Second Round of US Stimulus Payments Mean Another Bitcoin Bull Run?
As the second round of the US economic stimulus package is about to begin, crypto experts have been speculating on whether Americans will once again redirect their stimulus checks towards Bitcoin investments.
