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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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Brazilian exchange XDEX shuts down, cites regulatory uncertainty
01 Apr 2020 23:51 Brazilian digital currency exchange XDEX is calling it quits, just 17 months after its launch. The exchange blamed restrictive regulations for its demise. [...]
What role will venture capital play in the Bitcoin economy? CambrianSV Debate In the second installment of the CambrianSV debate series, CoinGeek’s Charles Miller pitted two brains from the Bitcoin bootcamp in Lisbon against each other to argue their cases and share their views on the topic. [...]
Binance acquires CoinMarketCap for $400M: report One of the world’s least trusted digital asset exchanges looks set to purchase one of the world’ most utilized market monitoring tools. [...]
Telegram token injunction covers ‘any person or entity’: SEC The comments follow the regulator rejecting a bid from Telegram for clarity over the scope of the injunction. [...]
Coronavirus Fuels P2P Connectivity: Crypto-Driven Meshnet Gives Rural Towns Internet While the coronavirus wreaks havoc on the economy across the U.S., a number of the 1,737 residents from Clatskanie, Oregon can’t obtain an internet service provider (ISP). The situation has motivated the town ...
Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record ...
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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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