Launched almost 11 years ago, Bitcoin has emerged to be a better medium of exchange than other conventional currencies, and the reasons are manifold. Bitcoin is a digital currency, more specifically a computer program that runs independently of third-part oversights like banks or other government institutions. Bitcoin is the most popular cryptocurrency but it is
The cryptocurrency was accepted by online gambling websites in 2013. Since then, Bitcoin has become a valid currency for gambling platforms around the world. BTC tokens are now circulated among online crypto gamblers, who make fortunes with the volatile Bitcoin market uptrend. Over the years, Bitcoin began gaining recognition as a popular option for payments
A research report suggests that the Bitcoin ATM market is set to witness phenomenal growth between 2021-2025. Bitcoin ATMs are automated teller machine kiosks similar to traditional ATMs, but Bitcoin ATMs are specifically dedicated to carrying out bitcoin-related transactions. With the rising popularity of bitcoins and their wider reach in the crypto-world, bitcoin ATMs are set
Neptune Digital Assets entered into a strategic partnership deal with Link Global to venture into the Bitcoin mining segment. As per the news reports, the announcement stated that the Bitcoin mining process would commence soon, in this month itself. Neptune Digital Assets is a trading and portfolio management company dedicated to cryptocurrencies. In comparison, Link
In a major development, the fast-growing cryptocurrency mining operations in the Inner Mongolia region of northern China are likely to face a severe setback with the country’s latest decisions. The regulatory channels have decided to shut-down the working of the existing mining hubs and have restrained the launch of any new mining project. The efforts
Bit Digital, a US-based leading Bitcoin mining player declared its 424.7 Bitcoin-rich reservoir minted in January 2021. As per the news report, these 424.7 Bitcoins are unaudited, worth $14.8 million that the company generated in January this year. Bit Digital, listed on Nasdaq as BTBT, had a reserve full of 262.6 Bitcoin by the end
Jurrien Timmer has compared the potential of investing in Bitcoin to Gold, indicating the changing tone and scenario in the Fidelity Investments about cryptocurrencies. In a research note written to the investors, Timmer compared Bitcoin as a tool that can provide a hedge against inflation while comparing its value to the Digital Gold. Timmer also
Tesla’s move of purchasing $1.5 billion bitcoin has sent shockwaves in the crypto world, sending the bitcoin price to reach $46,500 at the time of writing. Now more than ever is the need to understand how this purchase will influence other businesses and shape the American economy from this point forward. If skeptics are to
Bitcoin prices spiked to above 15% after Tesla owner and billionaire Elon Musk announced to invest $1.5 billion in bitcoin. Bitcoin prices hit $44,795.20 around 1325 GMT, on Monday, February 8, before cooling slightly to $44,207.95; the price has spiked by 50% since the start of 2021. This is the first time in the history
The authorities in the Bavarian town of Kempton, Germany, had to accept their defeat in accessing the seized Bitcoins of a convicted hacker. Despite the officials’ tireless efforts, they could not crack the chain of passwords protecting over 1,700 Bitcoin assets of the fraudster sentenced to two-plus years of imprisonment by the court. The convict
