Bitcoin News

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Bitcoin (BTC) is known as the first open-source, peer-to-peer, digital cryptocurrency that was developed and released by a group of unknown independent programmers named Satoshi Nakamoto in 2008. Cryptocoin doesn’t have any centralized server used for its issuing, transactions and storing, as it uses a distributed network public database technology named blockchain, which requires an electronic signature and is supported by a proof-of-work protocol to provide the security and legitimacy of money transactions. The issuing of Bitcoin is done by users with mining capabilities and is limited to 21 million coins. Currently, Bitcoin’s market cap surpasses $138 billion and this is the most popular kind of digital currency. Buying and selling cryptocurrency is available through special Bitcoin exchange platforms or ATMs.

Bitcoin volatility has drastically decreased since August, trading places with tech stocks that have been experiencing huge price swings. Billionaire investor Warren Buffett, who reportedly owns 250 million shares of Apple, lost an estimated $3.5 billion in a single day of trading when Apple’s stock plunged on Friday from a close of $222.22 on Thursday to...
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