Monday, June 13, 2022

Bitcoin News

Bitcoin, the original cryptocurrency, is primarily regarded as a digital alternative to both gold and fiat currency. This is because, like traditional money, Bitcoin can be used for financial transactions, and like gold, Bitcoin is a scarce resource that is difficult and costly to ‘mine,’ making it a great store of value, especially when compared to fiat currencies and processes such as quantitative easing.

As the world’s leading cryptocurrency and a highly volatile and disruptive asset, Bitcoin generates an immense amount of interest. Bitcoin often ranks as one of the most searched for terms on Google. For those looking to stay on the right side of Bitcoin’s price swings, it’s imperative that you stay up to date with the latest news and developments. You can do that here at Blokt where our professional journalists report on current market events as they happen.

Despite its similarities to cash and gold, Bitcoin also has several unique features which have helped to cement its popularity. Bitcoin runs on a decentralized global network and works in a peer-to-peer fashion, meaning it operates free from the control of any government, bank, or central authority. Therefore, Bitcoin transactions are censorship-resistant and often cheaper than traditional payments.

Bitcoin is underpinned by blockchain, and while the origins of this technology date back almost three decades ago, it was Bitcoin’s creator Satoshi Nakamoto who took it, improved it, and gave it its first real-world application. Therefore, the pseudonymous Satoshi Nakamoto, whose real identity or identities remain unknown, pathed the way for the multi-billion dollar blockchain and cryptocurrency industries we have today.

Bitcoin goes by the ticker “BTC,” and is the biggest cryptocurrency by market capitalization. BTC is listed on nearly all crypto exchanges, including Coinbase and Binance, where it can be bought, sold, and traded easily. For more information about Bitcoin, check out our guide “What is Bitcoin and How Does It Work?” or view the latest Bitcoin news below.

Huobi Token Rallies 23% Since Its Bitcoin Pizza Day Event, Huobi...

Cryptocurrency exchange, Huobi Global has announced the rebranding of its Prime Lite to FastTrack, three weeks after the product offering service was launched. The...

US Bitcoin & Treasury Investment Trust Files Amendment No.3 to Its...

The United States Bitcoin and Treasury Investment Trust, also known as the "Trust" filed an amendment No.3 with the United States Securities and Exchange...

BTC Bull Run Speculations: Brian Kelly Says Now Is a Good...

With Bitcoin surging nearly 50% month-on-month, speculations are rife in the crypto community about the likely causes fueling this rally. While some experts are...

Bank of China Council Member: Owning Bitcoin Is Still Legal in...

Sa Xiao, Council Member at the Bank of China Law Research Association, was reported as saying that holding Bitcoin in China is still legal....

Huobi Global to Celebrate Bitcoin Pizza Day by Offering up to...

Cryptocurrency trading platform Huobi Global has revealed that it would be celebrating the famous Bitcoin Pizza Day on Wednesday by selling the cryptocurrency at...

Donald Trump’s Aggressive Stance in US-China Trade War Could Be a...

Was Bitcoin’s recent rally past $8K actually a spillover effect from the ongoing US-China trade war? Of course, any conclusion along those lines can...

Breaking: Cboe VanEck SolidX Bitcoin ETF Delayed Again, SEC Encourages Comment

The SEC has once again delayed the VanEck SolidX Bitcoin Trust in a new proposed rule change titled "Order Instituting Proceedings to Determine Whether...

JPMorgan Believes Bitcoin Has Surged Past Its Intrinsic Value

JPMorgan Chase & Co, one of the largest banks in the world, says that the recent rally by Bitcoin is similar to the one...

Here’s Why Bitcoin Plunged 10% After Rallying Past $8K

Bitcoin’s rally past $8K has come to a halt. The world’s largest cryptocurrency (by market cap) lost about one-tenth of its value in a...

Bitcoin Has Reached Adulthood Now, No Wonder It Rallied Past $8k,...

A new report by a web intelligence platform Indexica claims that Bitcoin has now matured as an asset, which might very well be the...