Bitcoin News

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

Bitcoin Symbol: ₿ Bitcoin Ticker: BTC,XBT

Investors Seek Refuge In Bitcoin As Turkish Lira Plunge 45%

  The Turkish Lira value took a huge hit today! Bringing the currency down 13% for the day and more than 45% for the year. Fiat Currencies Vs. Bitcoin Today the value of the Turkish Lira sank almost 16% before slightly retracing to 0.155 TRY/USD, currently a 13% loss for the day. This brings the value of the Turkish Lira under more than 45% from this time one year ago....

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South Korea’s Second-Largest Bank Enters Blockchain Pact With Telecom Giant KT

South Korea’s second-largest bank Shinhan Bank has entered into a partnership with the country’s second-largest telecoms provider KT Corp for the purpose of developing a new blockchain-based platform. The Korea Times reports that the new platform is intended to build on recent moves by regional governments across the country to include digital vouchers. Useful Competencies In July, KT Corp propelled a commercial blockchain capable of handling 2,500 transactions per second, in...

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Spain Central Bank – Bitcoin Could Improve Monetary Policy

  Central banks around the world have had unfavorable views towards blockchain technology & Bitcoin. But the Spanish Central Bank, Banco de España (BDE), is a striking exception. Banco de España (BDE) recently released a report in support of cryptocurrency and blockchain technology. The report explores the pros and cons of having a digital version of the state currency. It concludes that digital coins and blockchain technology could help the Spanish...

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If You’re Selling Bitcoin On ETF Delay, You’re Doing it Wrong – Brian Kelly, BKCM CEO

CNBC Fast Money contributor and BKCM CEO Brian Kelly has firmly emphasized that while bitcoin has seen a massive decline in price over the last 24 hours, investors selling the dominant cryptocurrency based on the delay of SEC in approving the first bitcoin ETF are doing it wrong. Bitcoin Drops 12% While EOS, Bitcoin Cash and Other Tank 20%+ Over the last 48 hours, the crypto market lost $29 billion,...

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Venezuela: The Price of Bitcoin Doubling Every 18 Days

  The price of Bitcoin in Venezuela is now folding roughly every three weeks as hyperinflation continues to torment the country. At the same time, Bitcoin trading volumes keep hitting record highs as people are struggling for an exit. 86,857 % Annual Inflation Rate Just a year ago, a cup of coffee in Venezuela would have cost you 2,300 bolivars. Today, however, according to Bloomberg’s Café Con Leche Index, you’d have...

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Bitcoin’s Hash Rate Is Outpacing The Bitcoin Price

Since last year the bitcoin hash rate — the amount of computing power used by bitcoin's network of computers to create new coins — has soared as it rushes to catch up with the bitcoin price. The sudden rise in the bitcoin price, which climbed from around $1,000 at the beginning of last year to almost $20,000 by December, led to a huge influx of new miners adding their computing power...

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Tether Hires former AML Manager for Bank Of Montreal as Chief Compliance Officer

British Virgin Islands – July 12, 2018 – Tether Limited, the leading provider of tokenized traditional government-backed currencies, has appointed former AML Quality Control Manager at the Bank of Montreal, Leonardo Real, as Chief Compliance Officer (CCO). “We are all very excited to introduce Leonardo as Chief Compliance Officer at Tether, as he joins us on what has already been a remarkable journey to date disrupting the legacy financial system....

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Blockchain & Bitcoin Conference will take place in Malta

On October 23, St. Julian's will host Blockchain & Bitcoin Conference Malta – a large-scale event dedicated to blockchain, topical trends in the cryptocurrency market, and ICO projects. A single platform will gather the international crypto community, top blockchain developers, and business representatives. Why Malta? The government of Malta actively works on the development of transparent and favorable laws in the field of blockchain industry regulation. There are plans to...

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