BTC - Bitcoin


Rank Logo Symbol Normalized USD USD Volume Percentage Market Cap
1 BTC 4622.816 4622.816 100.000 $80.37 B

Last Updated: Nov 20, 2018. 06:13 PM

What is Bitcoin?


Wikipedia

Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.


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What problem does this coin solve?

As explained in the Bitcoin whitepaper, Bitcoin aims to fill the holes that the commerce system on the Internet suffers from. Traditional financial institutions act as “trusted third parties” for electronic payments, creating slow transfers and the need for reversal – which puts an added strain on merchants.

Bitcoin, on the other hand, is an electronic payment system that is based on cryptographic proof – not trust. This means that transactions are verified through a peer to peer network.

This solves several problems associated with traditional financial institutions:

  • Impractical to reverse, creating less of a vetting process for merchants
  • Allows quicker transactions between two parties
  • Simplified payment verification for customers and merchants
  • This reduces the possibility of double transactions and verifies transactions through a peer to peer network

You can read the full Bitcoin whitepaper, originally published in 2008, at the link below.

What’s unique about this coin?

The most unique quality of Bitcoin is that it was the first decentralized cryptocurrency. This means that it has largely paved the way for the slew of other cryptocurrencies that have emerged since. Bitcoin was the first to use the decentralized, peer to peer approval process that makes cryptocurrency so unique.

Also notable is the fact that Bitcoin was created by an anonymous developer. While the white paper was published by Satoshi Nakamoto, that turned out to be a fake alias for whoever was the real creator.

What are the use cases for this coin?

Being the most well-known cryptocurrency, there are a plethora of use cases. For instance, Bitcoin can be used as a form of payment between two individuals for a good or service. Bitcoin has the widest acceptance of any cryptocurrency out there.

For instance, several retailers allow users to purchase via Bitcoin. Those retailers include Expedia, Dish Network, and Microsoft. As mentioned earlier, Bitcoin has numerous advantages of payments via traditional financial institutions, and thus we should only expect its acceptance as a currency to continue to increase, though high fees and volatility in price make it challenging as a currency.

Bitcoin is also a common investment vehicle. With an ever-changing price, people commonly invest in Bitcoin, at high risk, looking to make a high return on their investment. It is also widely considered as the digital gold.

Development status

Bitcoin is in active development and an open standard, thus anyone can contribute to the project. With the open nature of Bitcoin, it is likely that it will be in active development for many years to come.

Bitcoin versus other cryptocurrencies

One of the most common comparisons made in cryptocurrency is between Bitcoin and Bitcoin Cash. While the names sound similar, the key difference is that Bitcoin Cash has a newer backend that allows for faster processing and heavier loads.

References

From the web

What is bitcoin? - CoinDesk
coindesk.com
To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a ...
How does Bitcoin work? - Bitcoin
bitcoin.org
A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.
Starbucks team with Microsoft on new payment using bitcoin ...
cnbc.com
Starbucks is partnering with Microsoft and ICE on a new cryptocurrency platform called Bakkt aimed at consumer use. "It's very big news for bitcoin because people say where can you spend it? Now ...
Bitcoin - Wikipedia
wikipedia.org
Bitcoin (₿) is a cryptocurrency, a form of electronic cash.It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
What Are Bitcoins and How Do They Work? - Lifewire
lifewire.com
Bitcoin is a virtual currency which blossomed in public consciousness after its price-per-coin rose above $13,000 in early 2018. The cryptocurrency (one of many!) forced a complex intersection of privacy policy, banking regulation, and technological innovation.
Home | Bitcoin Partners
wixsite.com
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
What is bitcoin? - CNNMoney - money.cnn.com
cnn.com
Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Bitcoin is a new currency that was created ...
What Is Bitcoin, and How Does It Work? - The New York Times
nytimes.com
Plenty. But these other virtual currencies do not have as many followers as Bitcoin, so they are not worth as much. As in the real world, a currency is worth only as much as the number of people ...
Partners – Bitcoin.com
bitcoin.com
The Bitcoin network is growing at an impressive rate and Bitcoin.com is forming new and lasting partnerships within the industry. Here are some companies we are working with who are fostering a healthy ecosystem. Simplex is a fintech company that provides worldwide fraudless payment processing ...
What is Bitcoin? Introductory video and current Bitcoin price.
weusecoins.com
What is Bitcoin? With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology , is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it.
Bitcoin: What The Heck Is It, And How Does It Work?
consumerreports.org
Do the feds care? Yes, and sort of. It’s not illegal, at any rate. The Senate Banking Committee and Senate Homeland Security Committee held hearings on Bitcoin back in November. The outcomes ...
7 Premier League Clubs Partner With eToro for Bitcoin ...
bitcoinist.com
Seven Premier League football clubs will make payments to their players in Bitcoins, thanks to a partnership with eToro.
What is Bitcoin? (v1) - YouTube
youtube.com
Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining....
A Bitcoin Guide: A Brief History, How To Buy, And The ...
usconsumerfinance.com
Bitcoin transactions are anonymous, but all of the transactions are recorded on a ledger. However, the ledger does not show the names of Bitcoin users. The ledger shows a series of numbers in place of a name.

Social News




Bitcoin falls below $4,225. The crypto sell-off has no end in sight
Los Angeles Times | Nov 20, 2018. 06:11 PM
Turmoil engulfed cryptocurrency ... as crypto-mania swept the globe. Dimon became a favorite punching bag for bitcoin bulls, even after saying later that he regretted the comments and that he believes in the digital asset’s underlying blockchain technology.




Bitcoin crashes to lowest this year, losses top 25 percent in a week
Reuters | Nov 20, 2018. 05:57 PM
Other smaller coins also skidded sharply as a broader cryptocurrency sell-off, said by traders and market makers to be rooted in heavy selling at leveraged Asian exchanges, gathered steam. The fall followed a sudden plunge last week that shook bitcoin out ...




As bitcoin nosedives, regulators said to be investigating whether it was propped up illegally
CNBC | Nov 20, 2018. 04:11 PM
The U.S. Justice Department is reportedly looking into whether traders used another cryptocurrency called ... But they now suspect that traders on crypto exchange Bitfinex might have been using tether to coordinate bitcoin's price moves illegally ...




Bitcoin slump takes pressure off Britain's regulators
Reuters | Nov 20, 2018. 01:17 PM
LONDON (Reuters) - A plunge in the value of bitcoin and other cryptoassets has eased the pressure on Britain’s financial watchdog to take radical action that could deter investment and financial innovation, government officials and regulators said on ...




60-Second Video: Bitcoin Crashes, Selfishness Doesn't Pay and NASA to Sell Seats
Entrepreneur | Nov 20, 2018. 04:18 PM
Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place. Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to ...




Bitcoin-Rigging Criminal Probe Focused on Tie to Tether
Bloomberg L.P. | Nov 20, 2018. 09:00 AM
As Bitcoin ... and crypto exchange Bitfinex might have been used to illegally move prices, said three people familiar with the matter. Bitfinex has the same management team as Tether Ltd., a Hong Kong-based company that created the namesake cryptocurrency.




Bitcoin prices have fallen 75% from all-time high
KHQ-Q6 | Nov 20, 2018. 04:27 PM
The sell-off comes amid speculation increased regulations will prompt issuers to liquidate holdings. Bitcoin is a notoriously volatile crypto-currency. A its peak, last December, Bitcoin nearly hit $20,000 which means the price has fallen by about 75%.




Bitcoin extends plunge, drops another 10%
MarketWatch | Nov 20, 2018. 12:04 PM
The crypto meltdown showed no signs of receding with all major coins suffering heavy losses in early Tuesday trade. The price of a single bitcoin, BTCUSD, -8.14% the world’s largest cryptocurrency ... for bitcoin and all the altcoins that piggybacked ...




Bitcoin prices keeps plunging. When will they hit bottom?
Hartford Business Journal | Nov 20, 2018. 06:11 PM
Shares of companies with ties to the crypto market have plunged lately too, including chipmakers Nvidia (NVDA) and AMD (AMD), which make graphics cards used by bitcoin miners. Online retailer turned blockchain ... crypto funds and ICO projects.




Op Ed: It’s Time to Reject Mediocrity, #ExitFiat and Embrace Bitcoin
Yahoo Finance | Nov 20, 2018. 05:14 PM
You will end up using crypto and being part of this network. Bitcoin and crypto act as a funnel ... We at Vaultoro have stayed away from launching a Vaultoro ICO. I didn't want our good name ...




Stocks fall, tech tumbles, bitcoin crashes
Yahoo Finance | Nov 20, 2018. 02:54 PM
Meanwhile, cryptocurrencies weren’t spared from their own rout, with Bitcoin prices (BTC-USD) tumbling to the lowest levels in more than a year. Prices for the largest cryptocurrency fell to $ ...




ICE’s Bakkt Delays Bitcoin Futures Launch to January
CoinDesk | Nov 20, 2018. 05:12 PM
The Intercontinental Exchange’s bitcoin futures trading platform is delaying its product ... risks and mitigants to test and re-test, and in the case of crypto, a new asset class to which these resources are being applied. So it makes sense to adjust ...




Bitcoin Hits 13-Month Low As Crypto Bloodbath Continues
Investing.com | Nov 20, 2018. 04:45 PM
That said, there’s been no turnaround over the last 12 months bigger than the shift in the crypto-asset markets. As we noted three months ago in Bitcoin And The Crypto-Asset Market, if the previous support level near $6,000 gives way, “bears will ...




Report: US Officials Are Probing Tether Role in Bitcoin Market Manipulation
CoinDesk | Nov 20, 2018. 03:10 PM
The U.S. Department of Justice (DOJ) is increasingly focusing a months-long investigation into crypto ... bitcoin’s 2017 price pumps. The two found that even a small amount of tether used to buy bitcoin would help prop up the world’s oldest ...




The Promise Of Bitcoin Hasn’t Come To Fruition: Laurent (Radio)
Bloomberg L.P. | Nov 20, 2018. 04:03 PM
Lionel Laurent, Bloomberg Opinion columnist covering finance and markets, on the bitcoin sell-off. Hosted by Pimm Fox and Lisa Abramowicz. Running time 05:26




Crypto Exchange Kraken Opens Trading But Warns Clients Over Bitcoin Cash SV ‘Red Flags’
insidebitcoins.com | Nov 20, 2018. 05:59 PM
has begun trading the controversial Bitcoin Cash hard…Read More. The post by Priyeshu Garg appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News




Bitcoin may hover above $4,795
Yahoo News Canada | Nov 20, 2018. 06:10 PM
SINGAPORE (Reuters) - Bitcoin has found a support at $4,795. It may hover above this level or bounce toward a resistance at $5,151. (Graphic: TECH/C - https://tmsnrt.rs/2PGzApA) The support and the resistance are identified respectively as the 100 percent ...




Bitcoin Hits a 13-Month Low as Crypto Bloodbath Continues
FXStreet | Nov 20, 2018. 05:42 PM
From a fundamental perspective, it’s difficult to pin the recent drops on any specific catalyst, though it is worth noting that it coincided with the hard fork of Bitcoin Cash (itself a hard fork of Bitcoin). The tumultuous infighting and contentious ...




Bitcoin Cash Hard Fork Dispute Costing Miners Millions In Revenue, Research Finds
International Business Times | Nov 20, 2018. 09:37 AM
The figure assumed that everyone renting hash (hash rate is the speed at which a computer is completing an operation, it is used in mining to find the next block in a blockchain for a reward in the form of a cryptocurrency token, in this case, bitcoin cash ...




Bitcoin Plunges to a Year-Long Low
Popular Mechanics | Nov 20, 2018. 05:31 PM
This comes amid increasing discussion of Bitcoin's environmental cost. The very bones of Bitcoin require massive amounts of computing power and therefore massive amounts of energy, which has culminated in comically depressing scenarios like Bitcoin ...




The Third Web #11 - Scuttlebutt & Cypherspace
Lets Talk Bitcoin | Nov 20, 2018. 04:21 PM
As an autonomous software system, like Bitcoin, Scuttlebutt rewards the provisioning of ... a variant of the web of trust model from the PGP days Disappointment with blockchain There is so much potential in cypherlinks - hashes and signatures - an opportun ...




VanEck’s MVIS Debuts First Ever Bitcoin OTC Index
insidebitcoins.com | Nov 20, 2018. 03:47 PM
The product, dubbed the MVIS Bitcoin US OTC Spot Index (MVBTCO ... the investment and incubator arm of cryptocurrency exchange Binance, announced it had contributed $3 million to US-based ...




Bitcoin Falls Below $5000, Other Cryptocurrencies Plunge As Well
International Business Times | Nov 20, 2018. 04:15 AM
Jeremy Gardner, a cryptocurrency entrepreneur and a self-made millionaire through his early investments in bitcoin, has faith in the crypto technology. "Predicting the short-term price of bitcoin is an exercise in futility. These are sentiment-driven ...




Bitcoin plummets to its lowest value in over a year
Engadget | Nov 20, 2018. 11:02 AM
The dip comes after a period of welcomed stability for the notoriously volatile cryptocurrency market. Bitcoin had ... do get cornered by a crypto-evangelist this Thanksgiving, you can still point them in the direction of HTC's Blockchain smartphone ...




What DNA testing kit companies are really doing with your data
blog.malwarebytes.com | Nov 20, 2018. 03:27 PM
You’ve got a sibling—send money here and we’ll show you who. You’re pre-dispositioned to a disease, but we won’t tell you which one until you send Bitcoin here. Years later, the Ashley Madison breach is still being exploited in this way.




https://tinyurl.com/fxtrendyscan
fxtrendy.pics.ee |
I actually want to let you know about a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs... click here




The Greenhouse Effect Overview – Venus Energy – Medium
medium.com |
The greenhouse effect has been a problem that the world has faced since it’s industrialization in the 20th century. The carbon footprint…




Bitcoin Exchange | Cryptocurrency Exchange | Binance.com
binance.com |
Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume




We have launched our crypto-payment account — ‘LBXPAY’
medium.com |
A safeguarded account for third party payments




After Yesterday’s Signs of Recovery, Crypto Markets See Drastic Losses
cointelegraph.com |
Following slight signals of recovery yesterday, crypto markets experience another dramatic fall, dragging Bitcoin below $5,000.




Cryptocurrency Memes: The Only Assets That Can Survive a Bear Market - Bitcoin News
news.bitcoin.com |
If there are two things a bear market’s good for, it’s building and memeing. Your portfolio might be down, but if you’re anything like crypto Twitter, If there are two things a bear market’s good for, it’s building and memeing. Here's our pick of the best cryptocurrency memes of the moment.




Coinbase Custody Announces Support for Ripple’s XRP and OmiseGO - Cryptocrsh
cryptocrush.in |
XRP and OmiseGO have been successfully added to Coinbase Custody. Coinbase Custody was made to present financial controls for institutions and companies seeking to trade digital currencies like Bitcoin and Ethereum. As of this week, XRP and OmiseGO are also a part of that list. Coinbase Custody has added new electronic assets to its own …




WADAD KAFKA JOINS DRIFE AS CHIEF EVANGELIST – Drife – Medium
medium.com |
We are delighted to announce the addition of a new member to the DRIFE team, Wadad Kafka. She will be serving as our Chief Evangelist.




Bloomberg Crypto on Twitter
twitter.com |
“BREAKING: Bitcoin drops below $5,000 for first time since October 2017 https://t.co/wnzqof0hTi”




Dont Panic Sell BTC: Reasons to hold your bitcoin Dont Panic Sell BTC: Reasons to hold your bitcoin - Coinnounce
coinnounce.com |
As bitcoin dropped below $5000, a massive feeling of fear was created amongst all cryptocurrency holders and traders started to panic sell their coins which may be what the buyers waiting to buy at cheap desired of. BTC is currently trading at $4661 according to CoinGecko. The major financial media has predicted a further 70% […] As bitcoin dropped below $5000, a massive feeling of fear was created amongst all cryptocurrency holders and traders started to panic sell their coins.




Bitcoin Falls Below $5,000 for First Time in 13 Months as Crypto Selloff Continues
fortune.com |
Bitcoin has lost 14% in the past 24 hours, while Ethereum is down more than 15%.




Bitcoin'de Tarihi Gece -TARİHİ YAYIN-
youtube.com |
Bitcoin'de Tarihi Gece -TARİHİ YAYIN- Koinvizyon üyeliği için: eylem@koinvizyon.com




Cryptocurrency 'bloodbath' as Bitcoin falls 30% in a week
news.sky.com |
Market analysts see digital currency values falling further as the sector faces renewed regulatory scrutiny in the United States.




While Bitcoin Is Down, Big Players Continue To Pour Money And Faith Into Blockchain
forbes.com |
Prices are down, but corporates is up when it comes to blockchain,




Bitcoin Smart Contract Startup RSK Unveils New Infrastructure Project - CoinDesk
coindesk.com |
RSK Labs is operating under a new banner, with an emphasis on creating a range of open-source protocols for blockchain infrastructure.




Mass Adoption - Centralization or Decentralization??..
youtube.com |
In this Cryptophecy video, whether bitcoin, bitcoin cash, bitcoin abc, bitcoin sv, electroneum or any other crypto currency has a chance at mass adoption. Wh...




Bitcoin Prices Have Fallen 75% From All-Time High
forbes.com |
Bitcoin has fallen 75% from its peak. How much further will it go?




UC Berkeley to explore XRP consensus mechanism; receives grant from Ripple’s UBRI Enter tUC Berkeley to explore XRP consensus mechanism; receives grant from Ripple's UBRIitle here - AMBCrypto
ambcrypto.com |
In its recent document announcing the research program focused on Ripple, UC Berkeley has called for proposals, for which the deadline is set to be 30th November. It also acknowledged the grant awarded by Ripple to the institution for the same purpose. The document read: “Berkeley Haas has been awarded a multi-year, multi-million-dollar grant from […] In its recent document announcing the research program focused on Ripple, UC Berkeley has called for proposals, for which the deadline is set to be 30th November. It also acknowledged the grant awarded by Ripple to the institution for the...




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youtube.com |
Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 ---------------------------------------------------------------------...




Bitcoin Battered Below $5,000 As 'Cash' Fork Fight Grows
zerohedge.com |
The selling pressure is showing no signs of abating as Bitcoin plunges back below $5,000 for the first time since October 2017...

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