BITCOIN PRICE IN USD

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A millennial-focused asset manager backed by Will Smith & Kevin Durant just launched an actively managed crypto fund

The cryplớn fund"s biggest holding will not be bitcoin, not ether, according khổng lồ co-founder Clayton Gardner.

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Cyber hackers have sầu returned nearly half of the $600 million they stole from DeFi platkhung Poly Network

Poly Network"s pleas for the money bachồng appear to be working. The hackers said they stole "for fun :)"


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Coinbase"s CFO says the company is looking khổng lồ focus more on institutional clients - & lays out what services those firms generally need

"I think we"ll shift into lớn more institutional money as we go forward," Coinbase"s CFO told CNBC.


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Coinbase removes promise from trang web that each US dollar coin is backed by an actual dollar

Assets backing up the USD Coin include commercial paper and corporate bonds, according khổng lồ a July disclosure by Circle.


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One of the world"s biggest crypkhổng lồ exchanges agrees to pay $100 million & bloông chồng US users as part of a legal settlement

BitMEX has neither admitted nor denied the allegations & said that it is "committed khổng lồ becoming a regulated exchange."


What is Bitcoin?

Bitcoin keeps coming back in the headlines. With any Bitcoin price change making news & keeping investors guessing.

In countries that accept it, you can buy groceries & clothes just as you would with the local currency. Only bitcoin is entirely digital; no one is carrying actual bitcoins around in their pocket.

Bitcoin is divorced from governments and central banks. It"s organized through a network known as a blockchain, which is basically an online ledger that keeps a secure record of each transaction and bitcoin price all in one place. Every time anyone buys or sells bitcoin, the swap gets logged. Several hundred of these back-and-forths hóa trang a block. (read more)


No one controls these blocks, because blockchains are decentralized across every computer that has a bitcoin wallet, which you only get if you buy bitcoins.

Why bother using it?

True khổng lồ its origins as an open, decentralized currency, bitcoin is meant to be a quicker, cheaper, và more reliable size of payment than money tied to individual countries. In addition, it"s the only size of money users can theoretically "mine" themselves, if they (và their computers) have the ability.

But even for those who don"t discover using their own high-powered computers, anyone can buy & sell bitcoins at the bitcoin price they want, typically through online exchanges lượt thích Coinbase or LocalBitcoins.

A 2015 survey showed bitcoin users tover to be overwhelmingly white và male, but of varying incomes. The people with the most bitcoins are more likely to lớn be using it for illegal purposes, the survey suggested.

Each bitcoin has a complicated ID, known as a hexadecimal code, that is many times more difficult khổng lồ steal than someone"s credit-card information. And since there is a finite number lớn be accounted for, there is less of a chance bitcoin or fractions of a bitcoin will go missing.

But while fraudulent credit-card purchases are reversible, bitcoin transactions are not.

21 Million

Bitcoin is chất lượng in that there are a finite number of them: 21 million. Satoshi Nakamokhổng lồ, bitcoin"s enigmatic founder, arrived at that number by assuming people would discover, or "mine," a phối number of blocks of transactions daily.

Every four years, the number of bitcoins released relative sầu khổng lồ the previous cycle gets cut in half, as does the reward khổng lồ miners for discovering new blocks. (The reward right now is 12.5 bitcoins.) As a result, the number of bitcoins in circulation will approach 21 million, but never hit it.

This means bitcoin never experiences inflation. Unlike US dollars, whose buying power the Fed can dilute by printing more greenbacks, there simply won"t be more bitcoin available in the future. That has worried some skeptics, as it means a hachồng could be catastrophic in wiping out people"s bitcoin wallets, with less hope for reimbursement. Which could render bitcoin price irrelevant.

The future of bitcoin

Historically, the currency has been extremely volatile. But go by its recent boom — and a forecast by Snapchat"s first investor, Jeremy Liew, that it will hit a bitcoin price of $500,000 by 2030 — and nabbing even a fraction of a bitcoin starts lớn look a lot more enticing.

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Bitcoin users predict 94% of all bitcoins will have sầu been released by 2024. As the total number creeps toward the 21 million mark, many suspect the profits miners once made creating new blocks will become so low they"ll become negligible. With bitcoin’s price dropping significantly. But with more bitcoins in circulation, people also expect transaction fees to rise, possibly making up the difference.

The fork

One of the biggest moments for Bitcoin came in August 2017. When the digital currency officially forked & split in two: bitcoin cash và bitcoin.

Miners were able to lớn seek out bitcoin cash beginning Tuesday August 1st 2017, and the cryptocurrency-focused news trang web CoinDesk said the first bitcoin cash was mined at about 2:đôi mươi p.m. ET.

Supporters of the newly formed bitcoin cash believe sầu the currency will "breath new life into" the nearly 10-year-old bitcoin by addressing some of the issues facing bitcoin of late, such as slow transaction speeds.

Bitcoin power brokers have been squabbling over the rules that should guide the cryptocurrency"s blockchain network.

On one side are the so-called core developers. They are in favor of smaller bitcoin blocks, which they say are less vulnerable lớn hacking. On the other side are the miners, who want to lớn increase the form size of blocks to make the network faster & more scalable.

Until just before the decision, the solution known as Segwit2x, which would double the kích cỡ of bitcoin blocks lớn 2 megabytes, seemed lớn have sầu universal support.

Then bitcoin cash came along. The solution is a fork of the bitcoin system. The new software has all the history of the old platform; however, bitcoin cash blocks have a capađô thị 8 megabytes.

Bitcoin cash came out of left field, according lớn Charles Morris, a chief investment officer of NextBlochồng Global, an investment firm with digital assets.

"A group of miners who didn"t like SegWit2x are opting for this new software that will increase the form size of blocks from the current 1 megabyte lớn 8," Morris told Business Insider.

To be sure, only a minority of bitcoin miners and bitcoin exchanges have sầu said they will support the new currency.

Investors who have their bitcoin on exchanges or wallets that support the new currency will soon see their holdings double, with one unit in bitcoin cash added for every bitcoin. But that doesn"t mean the value of investors" holdings will double.

Because bitcoin cash initially drew its value from bitcoin"s market cap, it caused bitcoin"s value to drop by an amount proportional lớn its adoption on launch.

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The future of bitcoin and bitcoin’s price remains uncertain. It could go lớn a $1,000,000 or it could go to $0. No one truly knows.