Bitcoin is a type of Cryptocurrency meaning digital currency that uses cryptography for security. Although it’s value may fluctuate, it still remains one of the most popular forms of online currency. The unknown person or group using the name, Satoshi Nakamoto are the inventor of bitcoin. The unknown inventor did not intend to create an entire currency but instead an Electronic Cash System resembling peer-to-peer networks for file sharing. Satoshi was able to create a decentralised digital cash system something many have tried and failed at.
Where can you use it?
The currency can be used in online transactions, there are currently a lot of merchants that accept bitcoin as payment. And can be exchanged for currencies, products and services. It has also been used as an investment tool. However several agencies have issued investor alerts about it.
Bitcoin will lose 50 per cent of its cryptocurrency market share to Ethereum within five years, states an influential tech expert and business analyst.
The hype of the cryptocurrency investment markets, in particular Bitcoin, has been luring investors seeking high percentage returns. Within these digital currency asset class, certain cryptocurrencies have gone on to make as much as 3000% returns in a matter of weeks.
A UK mosque known as Masjid Ramadan, on Shacklewell Lane in Dalston East London, has gone against the grain to become the first in the UK to accept cryptocurrency donations for the Ramadan period.
Blockchain & Bitcoin Conference Prague, the fourth annual event dedicated to the blockchain, cryptocurrencies and ICO, will be held on May 17. This is one of the largest platforms in Europe for the exchange of experience and search for potential partners
Blockchain technology is the biggest thing to hit the online world, and the financial world in particular, for many years. There’s been a huge amount of publicity, mainly due to the success of Bitcoin cryptocurrency
Current market activity indicates that cryptocurrencies are set for “another considerable surge in prices gains” in the near future and Ethereum’s price could reach $2,500 by the end of the year - but investors should exercise caution according to deVere CEO
After a stunning rally at the end of last year, cryptocurrencies have lost almost two-thirds of their value. This is not necessarily bad news for the blockchain industry, says the Crypto Valley Association’s Tom Lyons
Fiona Cincotta, senior market analyst at City Index, provides an update on bitcoin and its future after a tough start to the year and increased regulation
Olivier Forgues, CEO of the EUROPEAN CRYPTO BANK Project explains the first bank and trading platform protecting its investments in the bitcoin and cryptocurrencies market
Over the past few years, cryptocurrencies have really started to emerge. More and more people are interested in investing in digital currencies, especially in the most established one - Bitcoin.
