Bitcoin is an innovative Internet Protocol with or provide anonymous peer-to-peer digital value transactions without the need of a central authority or a bank to execute transactions, which means it is fully decentralized.Bitcoins has become reality via the collective consensus of the network nodes. Bitcoin is open-source, open to the public, and no one has control over it.&nbsp;&nbsp;Bitcoin transactions are:<ul><li class="ql-align-justify">Permissionless and borderless. You can send payment transactions in BTC to anyone, at anytime, and any amount, with no need of&nbsp;intermediaries like banks or governments. Nobody is able to restrict your remittance, freeze it or control it in any way;&nbsp;&nbsp;</li><li class="ql-align-justify">You do not need to provide any ID or pass KYC/AML, which constitutes technology suitable for the unbanked, the privacy-conscious communities, or people in financially underdeveloped or sanctioned countries;</li><li class="ql-align-justify">Bitcoin cannot be tampered with since nobody is able to block or freeze a transaction of any amount;&nbsp;</li><li class="ql-align-justify">Irreversible once a transaction is added to the blockchain;</li><li class="ql-align-justify">Fast. Transactions can be processed within seconds and become fully irreversible within an hour;</li><li class="ql-align-justify">Available and online 24 hours a day/365 days per year.</li></ul>These transactions are tracked on a distributed ledger, commonly referred to as a blockchain. This ledger records every bitcoin transaction ever made. Each “block” in the blockchain is built up of a data structure based on encrypted Merkle Trees. This is particularly useful for detecting fraud or corrupt files. Even if a single file is corrupt or fraudulent, the blockchain prevents it from damaging the rest of the ledger.Stored Bitcoins:The Bitcoin total supply is stable and predefined at 21 million Bitcoins. More Bitcoins cannot be issued as a result BTC won't be debased. Bitcoin’s blockchain inherent rules guarantee that only 21 million Bitcoins will ever exist. On May 11, 2020, BTC experienced its third block reward halving. Today around 900BTC are mined every 24 hours. It will be halved once every four years or so till the last bitcoin has been mined. In actuality, the final bitcoin is hardly to be mined till around the year 2140. Additionally, there are no storage costs as Bitcoins do not take up any physical space regardless of the amount.How does Bitcoin work?The underlying&nbsp;technologies behind Bitcoin are public-key cryptography, peer-to-peer networking, and Proof-of-Work consensus mechanism for payment verification. One of Bitcoin’s most appealing features is its verification process, which minimizes the risk of fraud. Bitcoin is decentralized and kept secure by “miners” — continuously verifying transactions and getting block rewards in exchange for their work. Once a specific amount of transactions are verified, another block is added to the blockchain and the process continues as usual.Each payment transaction is broadcasted to the network and included in the blockchain to avoid double-spending. After a couple of minutes, each transaction is securely stored on the blockchain by the massive amount of processing power that continues to extend the blockchain.By default the Bitcoin price is provided in USD. But you can easily switch the Bitcoin chart to Euros, British Pounds, Japanese yen, and Russian Roubles using the currency switcher at the top right corner of the CryptoRank.io website.

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In the realm of blockchain networks, cybersecurity threats lurk in the digital shadows, posing risks to the very foundations of decentralized systems. In this context, one threat is insidious and consequential: Eclipse Attacks. Understanding these attacks is paramount in fortifying the security of blockchain networks. An eclipse attack in the context of blockchain is a ... Read more

CryptoPolitan

Simulated Eclipse Attacks: Findings On Potential Countermeasures

Popular podcaster Joe Rogan officially first mentioned Bitcoin 10 years ago, a milestone the underscores its incredible price appreciation.

Bitcoin Magazine

Bitcoin Price Up 20,000% Since First Joe Rogan Mention

In a rebuttal to recent concerns raised by The Wall Street Journal (WSJ) on its lending practices, Tether has refuted claims regarding its USDT lending and reinforced its position on the overall safety and transparency of its operations. Tether, the most dominant stablecoin issuer, had previously indicated its intent to curtail stablecoin loans, aiming for […]

Bitcoinist

Tether Fights Back FUD About USDT Lending, Calms Crypto Market

Bitcoin analyst and fervent BTC advocate, Will Clemente, has recently shed light on a compelling macroeconomic landscape unfolding, potentially favoring the world’s leading cryptocurrency.  Clemente suggests that the United States is currently facing an unavoidable predicament, where it must increase its money supply significantly to manage its mounting debt burden. This, he argues, sets the stage for substantial currency debasement in the near future. Clemente’s analysis hinges on the growing probability of the United States further expanding its money supply over the coming years. With the relentless trend of rapid money printing, he raises a critical question: Which assets will emerge as the top performers in this volatile financial landscape? Among the contenders, including the stock market, commodities, real estate, and venture/angel investing, Clemente’s resounding answer is Bitcoin. Despite being down nearly 70% from its 2021 highs, there is still a high likelihood that Bitcoin succeeds. With the market going sideways, Bitcoin volatility near all time lows, and me losing my mind, decided to compile a few thoughts on why: It is widely known that Bitcoin… pic.twitter.com/kNo9RBvyiR — Will Clemente (@WClementeIII) September 19, 2023 Related Reading: How Cross-Chain Bridges Facilitate Dirty Money For Crypto Criminals Bitcoin: The Digital Safe Haven As Clemente delves into his rationale, he highlights the unique attributes that make Bitcoin stand out in this tumultuous economic climate. He emphasizes that while gold has long been considered the go-to asset during periods of currency debasement, Bitcoin’s upcoming halving event will significantly bolster its stock-to-flow ratio, surpassing even that of gold and silver.  Furthermore, Bitcoin’s advantages of being highly transportable, divisible, verifiable, and provably scarce position it as a superior alternative to traditional commodities. BTC market cap pegged at $521 billion today. Chart: TradingView.com The sentiment surrounding Bitcoin’s potential is not limited to crypto enthusiasts and analysts. Best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, has echoed similar sentiments. Kiyosaki emphasizes the urgency of taking action in the current economic climate.  He dismisses questions about future price predictions for Bitcoin, gold, and silver in 2025 as “silly.” Instead, he urges individuals to focus on their present holdings, emphasizing that time is running out to seize the opportunities presented by these assets. Related Reading: TikTok Faces Challenge As Elon Musk Crypto Scams Multiply Act Now Before Prices Surge Kiyosaki contends that Bitcoin, gold, and silver remain relatively affordable investments at present but warns that this window of opportunity is closing fast. He predicts that as more people recognize the potential of these assets and rush to acquire them, prices will inevitably surge.  I am constantly asked “What price will gold, silver, or Bitcoin be in 2025. My reply is that is a silly question. More important question is how many gold, silver, Bitcoins do you have TODAY? Gold, silver, Bitcoin are bargains today… but not tommow. America is broke. Buy GSBC… — Robert Kiyosaki (@theRealKiyosaki) September 19, 2023 As Bitcoin’s current price hovers around $27,028.81, the recent 2.8% seven-day increase underscores the growing interest in these digital and precious metal assets. The macroeconomic stage appears to be set for Bitcoin to shine amidst concerns about the U.S. economy. Analysts like Will Clemente and financial experts like Robert Kiyosaki are sending a clear message: the time to act is now, as the future of Bitcoin and precious metals becomes increasingly promising in an uncertain financial world. Featured image from Inside Bitcoins

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Bitcoin Enjoys Growing Favorable Conditions, Top Analyst Says

Cryptocurrency exchange CoinEx is making a swift recovery with enhanced security measures following a recent security breach that saw hackers make off with $70 million due to compromised hot wallet private keys.

Crypto Daily

CoinEx Rebounds With New Wallet After $70M Hack

Bitcoin fell below the $27,000 level on Thursday, as markets reacted to the latest Federal Reserve interest rate decision. As expected, the Fed opted to keep rates unchanged at 5.5%, whilst hinting at one additional raise in the current cycle. The dollar strengthened across the board following the decision. Ethereum is on the cusp of […]

Bitcoin News

Bitcoin, Ethereum Technical Analysis: ETH Hits 1-Week Low, BTC Extends Declines on USD Strength

Amidst an environment of fear, uncertainty, and doubt (FUD), Crypto Discover, the renowned platform that presents updates on digital assets, recently shared optimistic views on ETH, the second-largest crypto by market cap. The YouTube video began by hailing ETH as the “Queen of Cryptos,” providing three major reasons for the cryptocurrency to remain “as healthy […]
The post Analyst Foresees a Bullish Trajectory of Ethereum Amidst FUDs appeared first on Coin Edition.

CoinEdition

Analyst Foresees a Bullish Trajectory of Ethereum Amidst FUDs

Tether has invested a whopping $420 million to purchase thousands of GPU chips for a German crypto mining firm through an Irish shell company.

Tether Bets Big On AI Tech Through Cloud GPUs

Bitcoin has fallen below the $27,000 support but even this has not eliminated the bullish signals that surround the cryptocurrency. With a good number of traders still choosing to bet against the price of the pioneer cryptocurrency, the odds that a price reversal is on the horizon have become higher. Bitcoin Shorters Take Center Stage […]

Bullish Signal: Bitcoin Could Reach $30,000 As BTC Continues To Defy Shorters

The post Crypto Industry Awaits SEC’s Verdict on U.S. Spot Bitcoin ETFs appeared first on Coinpedia Fintech News
A recent turn of events left the U.S. Securities and Exchange Commission (SEC) red-faced, a U.S. appeals court slammed the regulatory body for its “arbitrary and capricious” decision-making. The crux of the dispute was the SEC’s denial to convert the Grayscale Bitcoin Trust into the first U.S. spot ETF while permitting several derivatives-based ETFs. The …

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