Bitcoin

Bitcoin

Bitcoin overview

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.

1 BTC to USD exchange rates chart

BTC to  exchange rates chart

Bitcoin exchange rates table

Exchange Bitcoin Buy BTC Rate Sell BTC Rate
British Pound 0.000 4797.041
Hungarian Forint 0.000 1777814.721
Indian Rupee 0.000 448655.075
Chinese Yuan Renminbi 0.000 43165.598
Russian Ruble 0.000 421042.897
Brazilian Real 0.000 23644.628
Danish Krone 0.000 41080.071
Chilean Peso 0.000 4290069.775
Czech Koruna 0.000 143169.657
Euro 0.000 5505.354
Indonesian Rupiah 0.000 91780904.264
South Korean Won 0.000 7038876.216
Japanese Yen 0.000 706885.762
Mexican Peso 0.000 127263.100
Norwegian Krone 0.000 52873.348
Pakistani Rupee 0.000 834359.403
Polish Zloty 0.000 23648.379
Singapore Dollar 0.000 8573.893
Swedish Krona 0.000 56556.488
US Dollar 0.000 6207.259
South African Rand 0.000 89406.925
Australian Dollar 0.000 8618.356
Canadian Dollar 0.000 8213.921
Swiss Franc 0.000 6267.548
Malaysian Ringgit 0.000 26089.894
New Zealand Dollar 0.000 9155.865
Thai Baht 0.000 204801.560
Hong Kong Dollar 0.000 48621.220
Philippine Peso 0.000 330127.976
Turkish Lira 0.000 33975.093
Taiwan New Dollar 0.000 192000.722

Bitcoin news

KPMG: Cryptocurrencies like Bitcoin are Not Store of Value [Yet]
KPMG: Cryptocurrencies like Bitcoin are Not Store of Value [Yet]

It will take a long time for cryptocurrencies like Bitcoin to attain the status of a store-of-value asset, said KPMG in its latest crypto study.

conditional positive
Off-The-Grid Bitcoin Transactions Now a Reality
Off-The-Grid Bitcoin Transactions Now a Reality

Following October's news that Samourai Wallet was preparing to enable internet free bitcoin transactions, somebody only went and tried it. A Twitter user

conditional neutral
The ECB is Right: Bitcoin Was 'Spawned' By the Financial Crisis (Created by the ECB)
The ECB is Right: Bitcoin Was 'Spawned' By the Financial Crisis (Created by the ECB)

Cryptocurrency advocates continue to hit back at fresh criticism of Bitcoin from the European Central Bank (ECB), which on November 15 publicly called it Cryptocurrency advocates continue to hit back at fresh criticism of Bitcoin from the European Central Bank (ECB), which on November 15 publicly called it the “evil spawn of the financial crisis.”

indicative negative
Here’s why one chart watcher is ready to buy the bitcoin dip
Here’s why one chart watcher is ready to buy the bitcoin dip

It may seem like catching a falling knife, but for those brave enough, now might be the time to pick up some bitcoin, says one chart watcher.

conditional positive
"Bitcoin was an extremely clever idea", says European Central Bank Executive member

Bitcoin [BTC] rise and fall have certainly not escaped the eye of the financial bigwigs. Recently, Benoit Coeure...

conditional neutral
Bitcoin [BTC] has served its place in the market says Stellar's first Head of Growth

Tammy Camp, the co-founder of Stronghold and the first Head of Growth at Stellar spoke recently about Bitcoin [BTC], Ethereum [ETH] and Stellar Lumens [XLM] and in her analogy, she compares BTC to Friendster,  a social media website, and ETH to MySpace and Stellar to...

indicative positive
Crypto Market Recovers, But is a Fall to $4,800 Possible For Bitcoin?
Crypto Market Recovers, But is a Fall to $4,800 Possible For Bitcoin?

After recording one of the worst sell-offs in all of 2018, the crypto market has experienced a minor corrective rally, adding $8 billion to its valuation.

conditional neutral
Bitcoin and four other leading cryptocurrencies all plunge suddenly

Bitcoin and four other leading cryptocurrencies have all plunged dramatically today after a decline for the past three months. The price of Bitcoin plummeted by more than 10 percent on Wednesday hitting its lowest level in over a year. Its value is now $6,000 (£4,690), considerably less than the $20,000 (£15,635) it was worth in December 2017. It joins other cryptocurrencies such as Ethereum, XRP, Bitcoin Cash and Stellar, that have all seen a massive reduction in value over the past three months.

conditional neutral

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