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Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license.
Click here for a concise explanation of how it works or here for a detailed technical description.
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DLT-based SNB Bills to be settled in wholesale CBDCs
21 Nov 2024 04:00 The Swiss National Bank noted that since the digital SNB Bills will be used for monetary policy, deploying it in Helvetia III is a step in the right direction.
New York to reduce crackdown on ‘crypto’ crime The New York U.S. Attorney's Office will allocate fewer resources to prosecuting crypto crime under Trump to focus on higher priority areas like immigration.
NY Supreme Court’s ruling saves BTC miner Greenidge from closing However, the judge also ruled that Greenidge must reapply for the permit and that the Department of Environmental Conservation has the authority to deny it.
‘Crypto’ big bet pays off in Washington The next few years will determine whether crypto can translate the ongoing political capital into lasting change. Will we see regulation on the way, or will the industry overplay its hand?
Binance Warns of Fake Tokens Exploiting Its Name
India Expands Payment Ties With Regional Partners to Strengthen Cross-Border Financial Networks
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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto |
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