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The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer.

The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.”

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers.New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers.

While bitcoin has risen in value in recent times, jumping 8% during the last seven days, statistics show that the number of addresses holding bitcoin has surpassed 40 million addresses. Metrics from the analytics web portal intotheblock.com show addresses that hold any fraction of bitcoin tapped a 30-day high on March 24, reaching 40.25 million addresses.

A recent report states that freelancing is experiencing a boom in Argentina, and also comments on how Argentinians are among workers in the region that most actively use cryptocurrencies to receive part of their paycheck. The report further states that workers accepting their paychecks in crypto favor traditional cryptocurrencies such as ether and bitcoin, which together amount to almost 90% of the payments made in crypto.

The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the company said.

A survey by FTI Consulting, Inc. reached out to 150 America-based decision makers in finance companies that are in this very position, to better understand their outlook. The data was illuminating, to say the least.

 

At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled by more than 20% since February 22, 2022.

The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law despite the ban cryptocurrency trading in China.

The metaverse will become the most popular place to buy, sell, and trade cryptocurrency, according to a recent survey. In addition, 70% of respondents agreed that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.”

An Islamic scholar, Irshad Ahmad Ijaz, has asserted that digital currency is not fake currency and that it should be legitimized once certain conditions are met. Ijaz’s viewpoint is echoed by other scholars that attended a seminar examining the status of digital currencies from the perspective of Islamic law.

While April 20 or 420 is synonymous with cannabis culture, the day is also considered “Doge Day,” by a great number of dogecoin supporters. The day prior on Twitter, the Doge network’s co-founder Billy Markus asked what people should expect on Doge Day and for dogecoin’s price action. 12 months ago dogecoin was swapping hands for $0.44 per unit on Doge Day and today the meme-based crypto asset is down 65.3% from that value.

A study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.’s and Europe’s Google searches.

According to the report, while bitcoin is the most popular crypto asset in Europe, the study of the trends shows that the meme token shiba inu is the most popular in the United Kingdom.

According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country.

A survey by crypto trading platform Bitstamp shows that 80% of institutional investors believe crypto will overtake traditional investment vehicles. Furthermore, 70% of institutional investors said crypto was a trustworthy investment, with 68% actively recommending this asset class in investment strategies.

Cryptocurrency donations have poured into a nonprofit organization that provides support to Ukrainian soldiers after Russia launched a large-scale attack on Ukraine. More than $5 million in bitcoin has already been raised.

According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets.

 

According to eToro’s data, Bitcoin trumped other crypto investments to take out the top spot as the most open position, both globally and in Australia. Moreover, opened Bitcoin positions increased 223% year on year as the cryptocurrency climbed in price from A$41,790 to A$65,670.
On the global stage, Bitcoin’s position was unchanged at number one. Whereas, in Australia, Bitcoin lifted from the third spot to number one

On April 1, 2022, records show that 19 million bitcoin have been mined into circulation. With the max supply set at 21 million, there’s only two million bitcoins left to be found by mining participants.

A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.”

To this day, Satoshi Nakamoto is one of Bitcoin’s biggest mysteries as people have searched far and wide to uncover the creator’s identity. 11 years ago, on December 12, 2010, the pseudonymous blockchain programmer (or programmers) left a final message to the crypto community stressing that “there’s more work to do on [denial-of-service] DoS.”

Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market, the capitalization of which has increased significantly this year.

Russia’s monetary authority will allow users not residing within its jurisdiction to open and use digital ruble wallets and will facilitate the CBDC’s conversion to foreign currencies by non-residents.

While the cryptocurrency economy has seen significant losses across the board — losing billions during the last two weeks — a recent CNBC millionaire survey indicates that millennial millionaires have a lot of crypto. Furthermore, millennial millionaires plan to add more digital assets to their portfolios in 2022.

The number of cryptocurrency ATMs around the world has grown exponentially in 2021, with over 20,000 new installations made since last December. That’s more than the total of all crypto teller machines put into operation in the previous seven years.

A new report issued by LAVCA, the Association for Private Capital Investment in Latin America, the region registered investments of more than $15 billion, more than three times the amount registered in 2020. However, crypto and blockchain investments grew almost tenfold.

On Nov. 20, President Bukele said that the country is going to build an entire city based on bitcoin, during a presentation at Bitcoin Week in El Salvador.

As 2021 nears its end, the firm Harpercollins, the publisher behind the printed and online Collins English Dictionary, has revealed “The Collins Word of the Year.” According to collinsdictionary.com, the word of the year is the abbreviation for non-fungible token, otherwise known as “NFT.”

Most people assume that there will be a maximum circulating supply of 21 million Bitcoins. However, the maximum circulating supply of Bitcoins is not really 21 million. In reality, this number is a little lower at 20,999,987.4769 BTC.

 

In Sep. 2017, 35-year-old coder turned Bitcoin millionaire Peter Saddington cashed in 45 bitcoins to drive away with a $200,000 2015 Lamborghini Huracan. Thanks to an early interest in cryptocurrencies, buying those 45 bitcoins cost him less than $115.

A few years ago, the FBI shut down the Silk Road which was a big black market website where Bitcoin was frequently used. The FBI controls more than 144,000 bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. Those bitcoins are worth close to $158 million at today’s exchange rates.

David Chaum, a computer scientist who had already proposed the basic ideas behind encrypted messaging tools, is widely seen as the father of electronic money, having proposed the idea in his 1982 paper Blind Signatures for Untraceable Payments. The model that DigiCash was based on, was used by Satoshi Nakamoto in 2008, when he created Bitcoin's whitepaper.

On October 29, 2013, a Robocoin machine opened in the Waves coffee shop in downtown Vancouver, Canada. This machine is the world's first publicly available Bitcoin ATM.

On Aug 15, 2010, an unknown hacker nearly destroyed Bitcoin. The hacker generated 184.467 billion Bitcoin out of thin air in what has become known as the Value Overflow Incident. Satoshi Nakamoto quickly hard forked the blockchain to remove the 184.467 billion Bitcoins, which saved Bitcoin from dying an early death.

The study, released by blockchain conference BlockShow Europe looked at 48 European countries, analyzing factors such as regulations set in place for the growing blockchain sector, ICO regulations, regulations on cryptocurrency as payment, or the taxation of cryptocurrencies.

According to Decrypt, around 18.5 million Bitcoins have already been minted and around 20% of them are probably gone forever by being lost or intentionally burned.

Bitcoin has had a very volatile trading history since it was first created in 2009. The highest price Bitcoin ever reached until today was $20,089 on December 18th, 2017.

American tech giant IBM has made waves in the space for filing a multitude of patents that use blockchain technology. The company has been a leader in adoption since 2014, putting it well ahead of most when it comes to developing and using blockchain-based solutions. 

Passing the phase of initial skepticism, governments all over the world are gradually realizing that having their very own crypto can be very beneficial. It does not take much to launch crypto as against physical currencies. They are safe, secure and environment-friendly as well. Many countries have either resorted to launching their own national cryptocurrencies or have at least started thinking in that direction.

According to the census, it is found that only 0.5% of the world’s population are using Blockchain today, but 50% or 3.77 billion people use the internet. In terms of its development, blockchain is where the internet was 20 years ago. So, there is a great opportunity to walk ahead of the world and learn Blockchain now!

 

The first Bitcoin transaction between Satoshi Nakamoto, the pseudonymous Bitcoin creator, and computer programmer Hal Finney happened on Jan. 12, 2009. Hal Finney, a developer, and cryptographic activist received 10 BTC as a test. 

The satoshi is the smallest unit of the bitcoin cryptocurrency. It is named after Satoshi Nakamoto, the creator of the protocol used in blockchains and the bitcoin cryptocurrency. The satoshi to bitcoin ratio is 100 million satoshis to one bitcoin.

The last Bitcoin is estimated to be mined in 2140, when the block reward would drop below 1 satoshi. Of course, this would require Bitcoin miners to be around 122 years from now, which is far from a certainty. At that point, miners would be incentivized to maintain the network because they would still collect fees for securing transactions even though there would be no more block rewards.

On March 17, 2010, Bitcoinmarket.com went live. Like all platforms that sprung up in those early days, the exchange was rickety, and holes were often patched following feedback from Bitcointalk forum members. The site accepted Paypal initially as its means of exchanging BTC for fiat. This system worked for a while, but as Bitcoin grew, so did the number of scammers. Following a string of fraudulent trades, Paypal was removed from the exchange on June 4, 2011.

AT&T is the first major U.S. mobile carrier to provide a cryptocurrency payment option to customers. Customers are able to pay using cryptocurrency either on AT&T’s website or through its myAT&T app.

Address “35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP” is the richest Bitcoin address, which belongs to the cryptocurrency exchange giant Huobi. If you are interested, check rich-list here: https://btc.com/stats/rich-list

A genesis block is the first block of a block chain. In 2009, a developer named Satoshi Nakamoto created the Genesis Block. Modern versions of Bitcoin number it as block 0, though very early versions counted it as block 1. The Genesis Block forms the foundation of the Bitcoin trading system and is the prototype of all other blocks in the Bitcoin blockchain.

It’s one of the best-known cryptocurrency legends: 10 years ago, on May 22, 2010, a programmer, Laszlo Hanyecz purchased two large Papa John’s pizzas for 10,000 bitcoins, worth about $30 at the time. It’s widely believed to be the first purchase of a product with bitcoin, proving the then-nascent cryptocurrency’s potential as a means of payment.

Bitcoin forks are divided into two categories: soft and hard.

A soft fork occurs when there is a change to the software protocol. This type of fork makes previously valid blocks invalid. However, soft forks are backward-compatible as old nodes will recognize the new blocks as valid.

A hard fork, on the other hand, is incompatible with previous versions. This means that all nodes must agree to upgrade to the new protocol or they won’t be able to process transactions. Hard forks can be used to change an existing protocol or create an entirely new chain with a new protocol.

Hackers stole over $534 million worth of XEM in January 2018. The stolen tokens were reportedly exchanged for Bitcoin (BTC) or Litecoin (LTC) and dispersed over 13,000 wallets.

Tokyo police allocated approximately 100 investigators to the case. Authorities are continuing investigations on other alleged buyers of the stolen NEM. On March 11, 2020, Tokyo police arrested two men in connection to the Coincheck hack. The men are accused of purchasing stolen NEM (XEM) through a dark web market, in violation of a law designed to tackle organized crime.

However, the time an average Bitcoin transaction takes to complete is just 10 minutes. When you make a Bitcoin transaction, it needs to be approved by the network before it can be completed. The Bitcoin community has set a standard of 6 confirmations that a transfer needs before you can consider it complete.

The Bitcoin sign is part of Unicode 10.0 (released June 2017) with code point U+20BF (₿). As of June 2017, font support for the Bitcoin sign is in macOS Sierra, iOS, Android O beta, Windows 10 Creators Update and several Linux releases. After being rejected in 2011, the Bitcoin sign was accepted for Unicode in November 2015 and first appeared in Unicode 10.0 in 2017.

To begin with, it dispensed 5 BTC per visitor, each of whom was required to do nothing more than complete a captcha. The notion of receiving a king’s ransom in BTC for little more than visiting a webpage seems outlandish today, but back then, 5 BTC was worthless in dollar terms. By the time the faucet had dispensed its last coins in early 2011, 19,715 BTC had passed through Andresen’s wallet. 

Bitcoin mining pools are a way for Bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block. Slush Pool was announced on November, 27, 2010 under the name Bitcoin Pooled Mining Server and operated on a share strategy that involved an artificially low difficulty method that has since been determined to be vulnerable to cheating.

When Nakamoto left the project, he gave ownership of the domain to additional people, separate from the Bitcoin developers, to spread responsibility and prevent any one person or group from easily gaining control over the Bitcoin project. Today the site is an independent open source project with contributors from around the world.

In the event, four players participated in the world’s first bitcoin poker game which took place at 3PM EST on March 20, 2010. User “dwdollar,” creator of the first bitcoin exchange, won the tournament, walking away with 600 BTC. Bitcointalk and later bitcoin moderator Theymos finished second, earning 325 BTC.

Today, namecoin is effectively a dead coin, despite still being listed on Poloniex and Livecoin. In its seven-year history, NMC has had its moments of glory, like the time it pumped to $15.41 per coin or 0.014 BTC in Nov. 2013. Or the time it hit $8.64 in January of this year, one final burst of nostalgia at a time when every shitcoin under the sun was pumping. By then, namecoin was already a dead coin, with its bitcoin value reaching just 0.0006 BTC per coin.

“The Internet has made it easier for nonprofits to operate by enabling them to increase geographic reach and reduce the overhead required to fund-raise,” the company said. “Adding Bitcoin as a donation option is a natural next step for nonprofits.” In its first week of accepting bitcoin, Wikipedia racked up $140,000 in new funds, according to Coinbase.

A wave of YouTubers received notifications that their videos were in breach of the platform's terms of service in December 2019. The move appeared to target smaller channels and publishers that focused on Bitcoin and cryptocurrency content.

Several days later, YouTube said in a statement that it had "made the wrong call" and confirmed that any content mistakenly removed would be restored.

"With the massive volume of videos on our site, sometimes we make the wrong call," it said.

The abbreviation XBT originated from a special ISO certification for currencies and for uncovered assets, such as gold. According to this certification (ISO 4217) the first two letters must contain the country code and the last letter must be the first letter of the currency. That is why the US dollar consists of the abbreviation USD (United States Dollar).

BTC cannot be used, because the country code BT is used by the country Bhutan. Known uncovered assets start with the letter X followed by the symbol of the chemical element, so gold is XAU and silver is XAG. Therefore the alternative abbreviation XBT has been chosen. Very confusing, but there is no difference between BTC and XBT (except for the letters).

However, it is not officially recognized by the ISO (yet).

“The Internet has made it easier for nonprofits to operate by enabling them to increase geographic reach and reduce the overhead required to fund-raise,” the company said. “Adding Bitcoin as a donation option is a natural next step for nonprofits.” In its first week of accepting bitcoin, Wikipedia racked up $140,000 in new funds, according to Coinbase.

The poll was announced on May 14, 2011 to come to an agreement of the most commonly used name. With the market exchange rate nearing $10 USD per BTC, a name for the sub-BTC unit was needed. The subunit later steered toward simply millibit. Other commonly used names are millibitcoin, millicoin, and millie.

Over the years, there were many people who have publicly come out as Satoshi. However, most of them failed to support their statements with solid facts. Probably the most well-known case of someone claiming to be Satoshi is that of Craig S. Wright, an Australian academic. He has tried multiple times to provide evidence, however, he hasn’t been successful to this day. All the “proof” turned out to be fabricated.

Many people agree that the creator of the first decentralized currency should probably remain anonymous due to the nature of their creation. After all, removing the one single identity that can be associated with Bitcoin removes every influence on politics, rules, and decision-making of the community.

Major Bitcoin mining hardware producer Bitmain can remotely shut down almost all active Antminer machines. Dubbed the "Antbleed" backdoor, abuse of the vulnerability could probably knock half of all hash power on the Bitcoin network offline.

Bitmain can use this data to cross check against customer sales and delivery records making it personally identifiable. Once connected, the server the Antminer connects to - Bitmain's server - sends a message back. If that message is "true", the machine will continue mining. But if that message is "false", the code produces a piece of text that reads: "Stop mining!!!"

It seems obvious that this piece of text would make the machine stop mining, which is indeed confirmed.

Approximately ten months after the first BTC transaction, Martti Malmi, a Finland-based developer, sold 5,050 BTC for only $5.02 (on October 12th, 2009). This was notably the first known crypto to fiat sale, and it was completed by transferring the fiat amount via PayPal. The number of BTC sent corresponds with the fact that the only way bitcoin could be obtained back then was by mining it, when the coinbase reward was set at 50 BTC.

Evidence shows that the bulk of the first 36,000 blocks was mined by one computer, which can only have been Satoshi. At the time, the reward per block was 50 BTC and of the 1,814,400 awarded, 63% was never spent, leaving Satoshi with a fortune of over 1.1 million BTC.

In today’s money translates to about $55 billion, making them by far the richest person in crypto.

According to the Moscow-based cybersecurity firm Kaspersky Lab, 19% of people globally have purchased cryptocurrency. According to the report, 81% of the global population have never purchased cryptocurrencies, while only 10% of respondents said they “fully understand how cryptocurrencies work.” Meanwhile, just 14% of those who haven’t ever used cryptocurrencies would like to do so in the future, the report notes.

 

Due to the mining power having increased overall over time, as of block 367,500 - assuming mining power remained constant from that block forward - the last Bitcoin will be mined on May 7th, 2140.

Unless a protocol change is enacted that will raise the maximum amount of Bitcoins that can exist (a very unlikely scenario), the supply of new BTC will eventually run out permanently. When that happens, miners will only be compensated with transaction fees and stop receiving block rewards. When there's no Bitcoin left to mine, there's also the chance that transaction fees would increase sharply to account for the fact that there's no more block rewards.

Bitcoin halvings are important events for traders because they reduce the number of new bitcoins being generated by the network. This limits the supply of new coins, so prices could rise if demand remains strong. While this has happened in the months before and after previous halvings – causing bitcoin’s price to appreciate rapidly – the circumstances surrounding each halving are different and demand for bitcoin can fluctuate wildly.

 

SHA-256 is part of the SHA-2 (Secure Hash Algorithm 2) family, which is a set of cryptographic hash functions designed by the United States National Security Agency (NSA) and first published in 2001. The SHA-2 hash function is implemented in some widely used security applications and protocols. SHA-256 partakes in the process of authenticating Debian software packages and in the DKIM (DomainKeys Identified Mail) message signing standard; Cryptocurrencies like Bitcoin use SHA-256 for verifying transactions and calculating proof of work or proof of stake.

Bitcoin ATMs look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange.

The number of Bitcoin ATMs installed worldwide since March 1, 2020 is approaching 10,000. According to Coin ATM Radar data, there are currently 16,835 Bitcoin ATMs around the world. This number increased by 57.5%, up 9,683 compared to last year, when there were only 7,152 ATMs.

Roughly 10.6% of Bitcoin’s circulating supply is currently held on just five centralized exchanges, according to data published by Chain.info. More than 1.96 million BTC is currently held between the major exchanges Coinbase, Huobi, Binance, OKEx, and Kraken. Likely owing to its custody services, Coinbase holds by far the most, with 944,904 BTC currently spread across approximately 4.39 million different wallet addresses. Huobi ranks second with 323,665 BTC held in roughly 901,600 unique wallets, followed by Binance with 289,961 BTC across nearly 2.7 million addresses. OKEx has 276,184 BTC in 339,000 wallets, while Kraken holds 126,510 Bitcoin among 672,000 addresses.

Bitcoin can detect typos and usually won't let you send money to an invalid address by mistake, but it's best to have controls in place for additional safety and redundancy. Additional services might exist in the future to provide more choice and protection for both businesses and consumers.

There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin.

All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin addresses should only be used once. Always remember that it is your responsibility to adopt good practices in order to protect your privacy.

No Individual or Organization Can Control or Manipulate The Bitcoin Protocol Because It Is Cryptographically Secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable.

Interestingly, the Chinese yuan no longer figures in the list of top fiat currencies used to trade bitcoins. Around 2014-15, as the Chinese yuan was devalued, it surged to the top rank beating both the Japanese yen and the U.S. dollar. It maintained its lead till late 2017. However, amid increasing state-imposed regulations and crackdown on illegal bitcoin trade, the dealings have rapidly moved other venues, including Japan and Hong Kong, leaving the yuan out of the top list.

In the fall of 2017, the price of bitcoin began to rise. In October of that year, the price broke through $5,000 and doubled again in November to $10,000. Then, on December 17, the price of one bitcoin reached $19,783. Several commentators and critics called this a price bubble, many of whom made comparisons to the Dutch Tulip Mania of the 17th century.

Howells had made a serious mistake: he did not keep his private keys in a safe place. In fact, it is not advisable to simply keep them on a hard disk. Everyone can own as many public addresses as they want, so it is necessary to carefully store all the private keys of all public addresses on which bitcoin is held.

 

Virtual currency is a type of unregulated digital currency. It is not issued or controlled by a central bank. Examples of virtual currencies include Bitcoin, Litecoin, and XRP. Digital currencies are stored in and transacted through designated software, applications, and networks in digital form.

BTC is the oldest and most known digital asset and most everything else has been typically referred to as an “altcoin.” The term refers to any of the thousands of prevalent cryptocurrencies that aim to work alongside bitcoin and each other, or are competing for ultimate domination.

This can be calculated by multiplying average blocks mined per day (144) x a block has 6.25 bitcoins, so 144×6.25 is 900.

The Bitcoin blockchain is a permanent ledger which is transparent. If anyone knows your Bitcoin public address, they can see how many bitcoins you hold and what transactions you have made. It’s how the FBI was able to bust the owner of the Silk Road.

If users of Bitcoin want to hide their public address or IP, it can be done by using services like Bitmixer.io or a VPN. That said, this just makes it difficult to trace; difficult, but not impossible.

 

NEO is a Chinese open-source blockchain project that has gone by several different names in its short history. One of the most common is not an official name, however, but rather a nickname: “China’s Ethereum.”

Ethereum remains the second-largest digital currency by market cap today. While bitcoin is a cryptocurrency, ethereum is both a digital currency and the foundation for decentralized applications that make use of smart contracts.

 

Dogecoin (DOGE) surged more than 800% on Jan 28th, 2021 to about $0.082 per coin, giving the meme-based cryptocurrency a market value of about $7 billion and apparently prompting a congratulatory tweet from DOGE lover Elon Musk.

The Bitcoin price at that time was equal to $350, and people were afraid that this large sell order could move the Bitcoin price down to the value from a few years back. “BearWhale”’s coins were bought super quickly and after that, Bitcoin price faced fluctuations for 6 hours to return to “normal” price after this period of time.

Institutional traders have long known the benefits of derivatives trading, including leverage and hedging. By trading options markets, one can predetermine maximum gains and losses, even with volatile assets like Bitcoin (BTC).

Leverage works by using a deposit, known as margin, to provide you with increased exposure. It enables you to get a much larger exposure to the market you’re trading than the amount you deposited to open the trade.

The bitcoin network is underpinned by the blockchain technology, which is very difficult to hack. Since bitcoin came into existence in 2009, the entire network hasn't yet been hacked. There have been instances of exchanges or wallets being hacked, but not the entire network.

The world famous cryptocurrency exchange Binance is China-based. However, as a result of the restrictions made against the crypto money sector in China, Binance moved to Japan in 2018. After leaving Japan, the exchange was accepted by the government of Malta.

But a recent report claims that Binance is not operating in Malta whatsoever. It has led to a heated controversy over where the exchange is actually located, with even the Binance CEO weighing in.

Binance CEO Changpeng “CZ” Zhao really doesn’t want to tell you where his firm’s headquarters is located. He said: Binance doesn’t have a headquarters because Bitcoin doesn’t.

Proof of Stake (PoS) is an alternative to Proof of Work (PoW) where mining power is based on how many coins a person holds. Essentially, new coins are created as interest paid on existing coins.

PoS works like this: instead of mining power being based on how much CPU/GPU you have, PoS mining power is based on how much coin you hold. In order for your coins to count toward your mining power, you have to “lock them up.”

You commit coins to mining for a time, and you get a chance to get paid what can essentially be described as interest on your coins over time. In other words, like with traditional PoW mining, but unlike with a savings account, with PoS you typically get a chance to get paid new coins rather than a guarantee (you aren’t guaranteed “interest”).

Since March 1987, Forbes has been publishing a list of the world’s wealthiest billionaires compiled in a list for the public to view. The 12 crypto billionaires noted in this year’s list work with digital currency exchanges or are venture capitalists who invest heavily in crypto startups.

Elon Musk could be considered a crypto billionaire, but most would say he’s more of a proponent than someone infused within the blockchain industry.

Another person not mentioned among 2021’s crypto billionaires is Satoshi Nakamoto. Using today’s exchange rates, Nakamoto could be worth more than $59 billion.

Satoshi had nursed Bitcoin through its formative years, and now it was capable of surviving without him solo mining, solo-fixing critical bugs and pushing out new Core releases. Perhaps Satoshi left because he had done all he had to do. Staying around would only tarnish his legacy and heighten the risk of him being doxxed as the world began to take a keen interest in his creation.

If so, the timing of Satoshi’s exit was to prove as impeccable as his arrival in the aftermath of the 2008 financial crisis. Despite internecine conflict, chain splits, and factions, Bitcoin hasn’t just survived – it’s thrived, morphing into an unstoppable organism that cannot be controlled by any one man.

The name was derived from the first two letters of Samsung, Toshiba, Nakamichi and Motorola.

Samsung: SA

Toshiba:TOSHI

Nakamichi:NAKA

Motorola: MOTO

What do you think?

Such decline could have a number of causes, but the main ones could be: The drop in bitcoin prices —or at least its slower price trend— is discouraging accumulation, making it unattractive to hodl tokens that lose value over time —especially in a manner as volatile as bitcoin does.

Assets with established pedigree such as Ethereum and BNB are reporting clear and sustained uptrends, gaining the attention of many investors. Many investors could be selling their BTC in order to bet on the price of some Dogecoin clones —like Shina Inu (SHIB) which has spiked 1700% in the last week and a whopping 28600% in the last month.

The world’s second-largest cryptocurrency network, in terms of market capitalization, Ethereum, saw a chain split today as a software bug affected a large quantity of full node clients. In mid-August, developers discovered a vulnerability and distributed an update called “Hades Gamma” to resolve the problem. However, a large number of full node clients did not leverage the patch and the network forked. “A chain split has occurred on the Ethereum mainnet,” the Go Ethereum Twitter account said. “The issue was resolved in the v1.10.8 release announced previously. Please update your nodes, if you haven’t already.”

Stuart Haber and W. Scott Stornet outlined the first product based on a cryptographically secured series of blocks in 1991. However, the technology we know today became popular almost two decades later, as blockchain statistics show. In 2008, Satoshi Nakamoto announced the Bitcoin whitepaper. It is still unknown if this pseudonym stands for one person or a group of people.

In any case, the whitepaper gave a solid incentive to the development of blockchain for different uses.

According to a note shared by JPMorgan with clients, the recent increase in price for BTC was predominantly attributed to institutional investors looking for a hedge to inflation.

“The re-emergence of inflation concerns among investors has renewed interest in the usage of Bitcoin as an inflation hedge,” the analysts said, arguing there has been a shift in perception as to the merits of BTC in relation to gold.

The Bitcoin network was estimated to consume about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021. By the end of this year, it looks set to have used 91TWh of energy - as much as Pakistan. As the price of Bitcoin increases, more miners with less energy-efficient machines join the network, driving up energy use. This means that it is essential to improve the efficiency of crypto-mining and move to low-carbon energy sources for electricity.

The United States has become the world's largest market for Bitcoin mining, according to new data from Cambridge University.The United States now holds a share of 35.4% of the market, following a mass exodus of miners from China after the Chinese government banned mining earlier this year.

 

On October 22 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. There hasn’t been a 2010 block reward spent in three months and the last time a 2010 miner spent their ‘sleeping bitcoin’ was on July 4, 2021.

Stuart Haber and W. Scott Stornet outlined the first product based on a cryptographically secured series of blocks in 1991. However, the technology we know today became popular almost two decades later, as blockchain statistics show. In 2008, Satoshi Nakamoto announced the Bitcoin whitepaper. It is still unknown if this pseudonym stands for one person or a group of people.

In any case, the whitepaper gave a solid incentive to the development of blockchain for different uses.

 

The world’s second-largest cryptocurrency network, in terms of market capitalization, Ethereum, saw a chain split today as a software bug affected a large quantity of full node clients. In mid-August, developers discovered a vulnerability and distributed an update called “Hades Gamma” to resolve the problem. However, a large number of full node clients did not leverage the patch and the network forked. “A chain split has occurred on the Ethereum mainnet,” the Go Ethereum Twitter account said. “The issue was resolved in the v1.10.8 release announced previously. Please update your nodes, if you haven’t already.”

The Bitcoin network was estimated to consume about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021. By the end of this year, it looks set to have used 91TWh of energy - as much as Pakistan. As the price of Bitcoin increases, more miners with less energy-efficient machines join the network, driving up energy use. This means that it is essential to improve the efficiency of crypto-mining and move to low-carbon energy sources for electricity.

 

Institutional investors appear to be returning to Bitcoin perhaps seeing it as a better inflation hedge than gold."

The momentum toward Bitcoin is in contrast to a JPMorgan report in May when analysts noted big investors at the time were switching out of Bitcoin and into traditional gold.

The United States has become the world's largest market for Bitcoin mining, according to new data from Cambridge University.

The United States now holds a share of 35.4% of the market, following a mass exodus of miners from China after the Chinese government banned mining earlier this year.

On October 22, 2021 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. 

After waiting patiently for more than a decade, the miner who spent the ‘sleeping bitcoin’ saw a percentage gain of 76,249,900% if the individual cashed out into U.S. dollars today.

Currently, 12.9% of the circulating Bitcoin supply, or roughly $163 billion, is sitting on exchanges, according to recent Glassnode analysis. The trend started in August, when Bitcoin started gaining some upward momentum after a summer of slumped prices.

According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%.

According to a recent survey conducted by Pew Research Center, the vast majority of US adults (86%) have heard at least a little about digital currencies. However, only 16% of the participants admitted they have personally invested in some of them.

Just 13% of the American residents have never heard of bitcoin, ether, or any other cryptocurrencies.

A growing number of fund managers and institutional investors now prefer bitcoin over gold.

They see the cryptocurrency as a better store of value and a better inflation hedge. “I think it’s probably going to be ten times better than gold over a long period of time,” said the founder of one asset management firm.

BLOCKCHAIN FUNFACTS

The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer.

The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.”

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers.New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers.

While bitcoin has risen in value in recent times, jumping 8% during the last seven days, statistics show that the number of addresses holding bitcoin has surpassed 40 million addresses. Metrics from the analytics web portal intotheblock.com show addresses that hold any fraction of bitcoin tapped a 30-day high on March 24, reaching 40.25 million addresses.

A recent report states that freelancing is experiencing a boom in Argentina, and also comments on how Argentinians are among workers in the region that most actively use cryptocurrencies to receive part of their paycheck. The report further states that workers accepting their paychecks in crypto favor traditional cryptocurrencies such as ether and bitcoin, which together amount to almost 90% of the payments made in crypto.

The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the company said.

A survey by FTI Consulting, Inc. reached out to 150 America-based decision makers in finance companies that are in this very position, to better understand their outlook. The data was illuminating, to say the least.

At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled by more than 20% since February 22, 2022.

The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law despite the ban cryptocurrency trading in China.

The metaverse will become the most popular place to buy, sell, and trade cryptocurrency, according to a recent survey. In addition, 70% of respondents agreed that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.”

An Islamic scholar, Irshad Ahmad Ijaz, has asserted that digital currency is not fake currency and that it should be legitimized once certain conditions are met. Ijaz’s viewpoint is echoed by other scholars that attended a seminar examining the status of digital currencies from the perspective of Islamic law.

While April 20 or 420 is synonymous with cannabis culture, the day is also considered “Doge Day,” by a great number of dogecoin supporters. The day prior on Twitter, the Doge network’s co-founder Billy Markus asked what people should expect on Doge Day and for dogecoin’s price action. 12 months ago dogecoin was swapping hands for $0.44 per unit on Doge Day and today the meme-based crypto asset is down 65.3% from that value.

A study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.’s and Europe’s Google searches.

According to the report, while bitcoin is the most popular crypto asset in Europe, the study of the trends shows that the meme token shiba inu is the most popular in the United Kingdom.

According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country.

A survey by crypto trading platform Bitstamp shows that 80% of institutional investors believe crypto will overtake traditional investment vehicles. Furthermore, 70% of institutional investors said crypto was a trustworthy investment, with 68% actively recommending this asset class in investment strategies.

Cryptocurrency donations have poured into a nonprofit organization that provides support to Ukrainian soldiers after Russia launched a large-scale attack on Ukraine. More than $5 million in bitcoin has already been raised.

According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets.

According to eToro’s data, Bitcoin trumped other crypto investments to take out the top spot as the most open position, both globally and in Australia. Moreover, opened Bitcoin positions increased 223% year on year as the cryptocurrency climbed in price from A$41,790 to A$65,670.
On the global stage, Bitcoin’s position was unchanged at number one. Whereas, in Australia, Bitcoin lifted from the third spot to number one

On April 1, 2022, records show that 19 million bitcoin have been mined into circulation. With the max supply set at 21 million, there’s only two million bitcoins left to be found by mining participants.

A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.”

To this day, Satoshi Nakamoto is one of Bitcoin’s biggest mysteries as people have searched far and wide to uncover the creator’s identity. 11 years ago, on December 12, 2010, the pseudonymous blockchain programmer (or programmers) left a final message to the crypto community stressing that “there’s more work to do on [denial-of-service] DoS.”

Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market, the capitalization of which has increased significantly this year.

Russia’s monetary authority will allow users not residing within its jurisdiction to open and use digital ruble wallets and will facilitate the CBDC’s conversion to foreign currencies by non-residents.

While the cryptocurrency economy has seen significant losses across the board — losing billions during the last two weeks — a recent CNBC millionaire survey indicates that millennial millionaires have a lot of crypto. Furthermore, millennial millionaires plan to add more digital assets to their portfolios in 2022.

The number of cryptocurrency ATMs around the world has grown exponentially in 2021, with over 20,000 new installations made since last December. That’s more than the total of all crypto teller machines put into operation in the previous seven years.

A new report issued by LAVCA, the Association for Private Capital Investment in Latin America, the region registered investments of more than $15 billion, more than three times the amount registered in 2020. However, crypto and blockchain investments grew almost tenfold.

On Nov. 20, President Bukele said that the country is going to build an entire city based on bitcoin, during a presentation at Bitcoin Week in El Salvador.

As 2021 nears its end, the firm Harpercollins, the publisher behind the printed and online Collins English Dictionary, has revealed “The Collins Word of the Year.” According to collinsdictionary.com, the word of the year is the abbreviation for non-fungible token, otherwise known as “NFT.”

Most people assume that there will be a maximum circulating supply of 21 million Bitcoins. However, the maximum circulating supply of Bitcoins is not really 21 million. In reality, this number is a little lower at 20,999,987.4769 BTC.

 

In Sep. 2017, 35-year-old coder turned Bitcoin millionaire Peter Saddington cashed in 45 bitcoins to drive away with a $200,000 2015 Lamborghini Huracan. Thanks to an early interest in cryptocurrencies, buying those 45 bitcoins cost him less than $115.

A few years ago, the FBI shut down the Silk Road which was a big black market website where Bitcoin was frequently used. The FBI controls more than 144,000 bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. Those bitcoins are worth close to $158 million at today’s exchange rates.

David Chaum, a computer scientist who had already proposed the basic ideas behind encrypted messaging tools, is widely seen as the father of electronic money, having proposed the idea in his 1982 paper Blind Signatures for Untraceable Payments. The model that DigiCash was based on, was used by Satoshi Nakamoto in 2008, when he created Bitcoin's whitepaper.

On October 29, 2013, a Robocoin machine opened in the Waves coffee shop in downtown Vancouver, Canada. This machine is the world's first publicly available Bitcoin ATM.

On Aug 15, 2010, an unknown hacker nearly destroyed Bitcoin. The hacker generated 184.467 billion Bitcoin out of thin air in what has become known as the Value Overflow Incident. Satoshi Nakamoto quickly hard forked the blockchain to remove the 184.467 billion Bitcoins, which saved Bitcoin from dying an early death.

The study, released by blockchain conference BlockShow Europe looked at 48 European countries, analyzing factors such as regulations set in place for the growing blockchain sector, ICO regulations, regulations on cryptocurrency as payment, or the taxation of cryptocurrencies.

According to Decrypt, around 18.5 million Bitcoins have already been minted and around 20% of them are probably gone forever by being lost or intentionally burned.

Bitcoin has had a very volatile trading history since it was first created in 2009. The highest price Bitcoin ever reached until today was $20,089 on December 18th, 2017.

American tech giant IBM has made waves in the space for filing a multitude of patents that use blockchain technology. The company has been a leader in adoption since 2014, putting it well ahead of most when it comes to developing and using blockchain-based solutions. 

Passing the phase of initial skepticism, governments all over the world are gradually realizing that having their very own crypto can be very beneficial. It does not take much to launch crypto as against physical currencies. They are safe, secure and environment-friendly as well. Many countries have either resorted to launching their own national cryptocurrencies or have at least started thinking in that direction.

According to the census, it is found that only 0.5% of the world’s population are using Blockchain today, but 50% or 3.77 billion people use the internet. In terms of its development, blockchain is where the internet was 20 years ago. So, there is a great opportunity to walk ahead of the world and learn Blockchain now!

 

The first Bitcoin transaction between Satoshi Nakamoto, the pseudonymous Bitcoin creator, and computer programmer Hal Finney happened on Jan. 12, 2009. Hal Finney, a developer, and cryptographic activist received 10 BTC as a test.

 

The satoshi is the smallest unit of the bitcoin cryptocurrency. It is named after Satoshi Nakamoto, the creator of the protocol used in blockchains and the bitcoin cryptocurrency. The satoshi to bitcoin ratio is 100 million satoshis to one bitcoin.

 

The last Bitcoin is estimated to be mined in 2140, when the block reward would drop below 1 satoshi. Of course, this would require Bitcoin miners to be around 122 years from now, which is far from a certainty. At that point, miners would be incentivized to maintain the network because they would still collect fees for securing transactions even though there would be no more block rewards.

AT&T is the first major U.S. mobile carrier to provide a cryptocurrency payment option to customers. Customers are able to pay using cryptocurrency either on AT&T’s website or through its myAT&T app.

On March 17, 2010, Bitcoinmarket.com went live. Like all platforms that sprung up in those early days, the exchange was rickety, and holes were often patched following feedback from Bitcointalk forum members. The site accepted Paypal initially as its means of exchanging BTC for fiat. This system worked for a while, but as Bitcoin grew, so did the number of scammers. Following a string of fraudulent trades, Paypal was removed from the exchange on June 4, 2011.

Address “35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP” is the richest Bitcoin address, which belongs to the cryptocurrency exchange giant Huobi. If you are interested, check rich-list here: https://btc.com/stats/rich-list

A genesis block is the first block of a block chain. In 2009, a developer named Satoshi Nakamoto created the Genesis Block. Modern versions of Bitcoin number it as block 0, though very early versions counted it as block 1. The Genesis Block forms the foundation of the Bitcoin trading system and is the prototype of all other blocks in the Bitcoin blockchain.

Bitcoin forks are divided into two categories: soft and hard.

A soft fork occurs when there is a change to the software protocol. This type of fork makes previously valid blocks invalid. However, soft forks are backward-compatible as old nodes will recognize the new blocks as valid.

A hard fork, on the other hand, is incompatible with previous versions. This means that all nodes must agree to upgrade to the new protocol or they won’t be able to process transactions. Hard forks can be used to change an existing protocol or create an entirely new chain with a new protocol.

Hackers stole over $534 million worth of XEM in January 2018. The stolen tokens were reportedly exchanged for Bitcoin (BTC) or Litecoin (LTC) and dispersed over 13,000 wallets.

Tokyo police allocated approximately 100 investigators to the case. Authorities are continuing investigations on other alleged buyers of the stolen NEM. On March 11, 2020, Tokyo police arrested two men in connection to the Coincheck hack. The men are accused of purchasing stolen NEM (XEM) through a dark web market, in violation of a law designed to tackle organized crime.

However, the time an average Bitcoin transaction takes to complete is just 10 minutes. When you make a Bitcoin transaction, it needs to be approved by the network before it can be completed. The Bitcoin community has set a standard of 6 confirmations that a transfer needs before you can consider it complete.

The Bitcoin sign is part of Unicode 10.0 (released June 2017) with code point U+20BF (₿). As of June 2017, font support for the Bitcoin sign is in macOS Sierra, iOS, Android O beta, Windows 10 Creators Update and several Linux releases. After being rejected in 2011, the Bitcoin sign was accepted for Unicode in November 2015 and first appeared in Unicode 10.0 in 2017.

To begin with, it dispensed 5 BTC per visitor, each of whom was required to do nothing more than complete a captcha. The notion of receiving a king’s ransom in BTC for little more than visiting a webpage seems outlandish today, but back then, 5 BTC was worthless in dollar terms. By the time the faucet had dispensed its last coins in early 2011, 19,715 BTC had passed through Andresen’s wallet. 

Bitcoin mining pools are a way for Bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block. Slush Pool was announced on November, 27, 2010 under the name Bitcoin Pooled Mining Server and operated on a share strategy that involved an artificially low difficulty method that has since been determined to be vulnerable to cheating.

When Nakamoto left the project, he gave ownership of the domain to additional people, separate from the Bitcoin developers, to spread responsibility and prevent any one person or group from easily gaining control over the Bitcoin project. Today the site is an independent open source project with contributors from around the world.

In the event, four players participated in the world’s first bitcoin poker game which took place at 3PM EST on March 20, 2010. User “dwdollar,” creator of the first bitcoin exchange, won the tournament, walking away with 600 BTC. Bitcointalk and later bitcoin moderator Theymos finished second, earning 325 BTC.

Today, namecoin is effectively a dead coin, despite still being listed on Poloniex and Livecoin. In its seven-year history, NMC has had its moments of glory, like the time it pumped to $15.41 per coin or 0.014 BTC in Nov. 2013. Or the time it hit $8.64 in January of this year, one final burst of nostalgia at a time when every shitcoin under the sun was pumping. By then, namecoin was already a dead coin, with its bitcoin value reaching just 0.0006 BTC per coin.

“The Internet has made it easier for nonprofits to operate by enabling them to increase geographic reach and reduce the overhead required to fund-raise,” the company said. “Adding Bitcoin as a donation option is a natural next step for nonprofits.” In its first week of accepting bitcoin, Wikipedia racked up $140,000 in new funds, according to Coinbase.

A wave of YouTubers received notifications that their videos were in breach of the platform's terms of service in December 2019. The move appeared to target smaller channels and publishers that focused on Bitcoin and cryptocurrency content.  Several days later, YouTube said in a statement that it had "made the wrong call" and confirmed that any content mistakenly removed would be restored.

The poll was announced on May 14, 2011 to come to an agreement of the most commonly used name. With the market exchange rate nearing $10 USD per BTC, a name for the sub-BTC unit was needed. The subunit later steered toward simply millibit. Other commonly used names are millibitcoin, millicoin, and millie.

The abbreviation XBT originated from a special ISO certification for currencies and for uncovered assets, such as gold. According to this certification (ISO 4217) the first two letters must contain the country code and the last letter must be the first letter of the currency. That is why the US dollar consists of the abbreviation USD (United States Dollar).

BTC cannot be used, because the country code BT is used by the country Bhutan. Known uncovered assets start with the letter X followed by the symbol of the chemical element, so gold is XAU and silver is XAG. Therefore the alternative abbreviation XBT has been chosen. Very confusing, but there is no difference between BTC and XBT (except for the letters). However, it is not officially recognized by the ISO (yet).

Approximately ten months after the first BTC transaction, Martti Malmi, a Finland-based developer, sold 5,050 BTC for only $5.02 (on October 12th, 2009). This was notably the first known crypto to fiat sale, and it was completed by transferring the fiat amount via PayPal. The number of BTC sent corresponds with the fact that the only way bitcoin could be obtained back then was by mining it, when the coinbase reward was set at 50 BTC.

Over the years, there were many people who have publicly come out as Satoshi. However, most of them failed to support their statements with solid facts.

Probably the most well-known case of someone claiming to be Satoshi is that of Craig S. Wright, an Australian academic. He has tried multiple times to provide evidence, however, he hasn’t been successful to this day. All the “proof” turned out to be fabricated.

Many people agree that the creator of the first decentralized currency should probably remain anonymous due to the nature of their creation. After all, removing the one single identity that can be associated with Bitcoin removes every influence on politics, rules, and decision-making of the community.

Evidence shows that the bulk of the first 36,000 blocks was mined by one computer, which can only have been Satoshi. At the time, the reward per block was 50 BTC and of the 1,814,400 awarded, 63% was never spent, leaving Satoshi with a fortune of over 1.1 million BTC.

In today’s money translates to about $55 billion, making them by far the richest person in crypto.

According to the Moscow-based cybersecurity firm Kaspersky Lab, 19% of people globally have purchased cryptocurrency. According to the report, 81% of the global population have never purchased cryptocurrencies, while only 10% of respondents said they “fully understand how cryptocurrencies work.” Meanwhile, just 14% of those who haven’t ever used cryptocurrencies would like to do so in the future, the report notes.

Major Bitcoin mining hardware producer Bitmain can remotely shut down almost all active Antminer machines. Dubbed the "Antbleed" backdoor, abuse of the vulnerability could probably knock half of all hash power on the Bitcoin network offline.

Bitmain can use this data to cross check against customer sales and delivery records making it personally identifiable. Once connected, the server the Antminer connects to - Bitmain's server - sends a message back. If that message is "true", the machine will continue mining. But if that message is "false", the code produces a piece of text that reads: "Stop mining!!!"

It seems obvious that this piece of text would make the machine stop mining, which is indeed confirmed.

Due to the mining power having increased overall over time, as of block 367,500 - assuming mining power remained constant from that block forward - the last Bitcoin will be mined on May 7th, 2140.

Unless a protocol change is enacted that will raise the maximum amount of Bitcoins that can exist (a very unlikely scenario), the supply of new BTC will eventually run out permanently. When that happens, miners will only be compensated with transaction fees and stop receiving block rewards. When there's no Bitcoin left to mine, there's also the chance that transaction fees would increase sharply to account for the fact that there's no more block rewards.

Bitcoin halvings are important events for traders because they reduce the number of new bitcoins being generated by the network. This limits the supply of new coins, so prices could rise if demand remains strong. While this has happened in the months before and after previous halvings – causing bitcoin’s price to appreciate rapidly – the circumstances surrounding each halving are different and demand for bitcoin can fluctuate wildly.

SHA-256 is part of the SHA-2 (Secure Hash Algorithm 2) family, which is a set of cryptographic hash functions designed by the United States National Security Agency (NSA) and first published in 2001. The SHA-2 hash function is implemented in some widely used security applications and protocols. SHA-256 partakes in the process of authenticating Debian software packages and in the DKIM (DomainKeys Identified Mail) message signing standard; Cryptocurrencies like Bitcoin use SHA-256 for verifying transactions and calculating proof of work or proof of stake.

Bitcoin ATMs look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange.

The number of Bitcoin ATMs installed worldwide since March 1, 2020 is approaching 10,000. According to Coin ATM Radar data, there are currently 16,835 Bitcoin ATMs around the world. This number increased by 57.5%, up 9,683 compared to last year, when there were only 7,152 ATMs.

Bitcoin can detect typos and usually won't let you send money to an invalid address by mistake, but it's best to have controls in place for additional safety and redundancy. Additional services might exist in the future to provide more choice and protection for both businesses and consumers.

While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin.

Roughly 10.6% of Bitcoin’s circulating supply is currently held on just five centralized exchanges, according to data published by Chain.info. More than 1.96 million BTC is currently held between the major exchanges Coinbase, Huobi, Binance, OKEx, and Kraken. Likely owing to its custody services, Coinbase holds by far the most, with 944,904 BTC currently spread across approximately 4.39 million different wallet addresses. Huobi ranks second with 323,665 BTC held in roughly 901,600 unique wallets, followed by Binance with 289,961 BTC across nearly 2.7 million addresses. OKEx has 276,184 BTC in 339,000 wallets, while Kraken holds 126,510 Bitcoin among 672,000 addresses.

All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin addresses should only be used once. Always remember that it is your responsibility to adopt good practices in order to protect your privacy.

No Individual or Organization Can Control or Manipulate The Bitcoin Protocol Because It Is Cryptographically Secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable.

Interestingly, the Chinese yuan no longer figures in the list of top fiat currencies used to trade bitcoins. Around 2014-15, as the Chinese yuan was devalued, it surged to the top rank beating both the Japanese yen and the U.S. dollar. It maintained its lead till late 2017. However, amid increasing state-imposed regulations and crackdown on illegal bitcoin trade, the dealings have rapidly moved other venues, including Japan and Hong Kong, leaving the yuan out of the top list.

In the fall of 2017, the price of bitcoin began to rise. In October of that year, the price broke through $5,000 and doubled again in November to $10,000. Then, on December 17, the price of one bitcoin reached $19,783. Several commentators and critics called this a price bubble, many of whom made comparisons to the Dutch Tulip Mania of the 17th century.

Howells had made a serious mistake: he did not keep his private keys in a safe place. In fact, it is not advisable to simply keep them on a hard disk. Everyone can own as many public addresses as they want, so it is necessary to carefully store all the private keys of all public addresses on which bitcoin is held.

Virtual currency is a type of unregulated digital currency. It is not issued or controlled by a central bank. Examples of virtual currencies include Bitcoin, Litecoin, and XRP. Digital currencies are stored in and transacted through designated software, applications, and networks in digital form.

BTC is the oldest and most known digital asset and most everything else has been typically referred to as an “altcoin.” The term refers to any of the thousands of prevalent cryptocurrencies that aim to work alongside bitcoin and each other, or are competing for ultimate domination.

This can be calculated by multiplying average blocks mined per day (144) x a block has 6.25 bitcoins, so 144×6.25 is 900.

The Bitcoin blockchain is a permanent ledger which is transparent. If anyone knows your Bitcoin public address, they can see how many bitcoins you hold and what transactions you have made. It’s how the FBI was able to bust the owner of the Silk Road.

If users of Bitcoin want to hide their public address or IP, it can be done by using services like Bitmixer.io or a VPN. That said, this just makes it difficult to trace; difficult, but not impossible.

 

Dogecoin (DOGE) surged more than 800% on Jan 28th, 2021 to about $0.082 per coin, giving the meme-based cryptocurrency a market value of about $7 billion and apparently prompting a congratulatory tweet from DOGE lover Elon Musk.

NEO is a Chinese open-source blockchain project that has gone by several different names in its short history. One of the most common is not an official name, however, but rather a nickname: “China’s Ethereum.”

Ethereum remains the second-largest digital currency by market cap today. While bitcoin is a cryptocurrency, ethereum is both a digital currency and the foundation for decentralized applications that make use of smart contracts.

 

Institutional traders have long known the benefits of derivatives trading, including leverage and hedging. By trading options markets, one can predetermine maximum gains and losses, even with volatile assets like Bitcoin (BTC).

Leverage works by using a deposit, known as margin, to provide you with increased exposure. It enables you to get a much larger exposure to the market you’re trading than the amount you deposited to open the trade.

The Bitcoin price at that time was equal to $350, and people were afraid that this large sell order could move the Bitcoin price down to the value from a few years back. “BearWhale”’s coins were bought super quickly and after that, Bitcoin price faced fluctuations for 6 hours to return to “normal” price after this period of time.

The world famous cryptocurrency exchange Binance is China-based. However, as a result of the restrictions made against the crypto money sector in China, Binance moved to Japan in 2018. After leaving Japan, the exchange was accepted by the government of Malta.

But a recent report claims that Binance is not operating in Malta whatsoever. It has led to a heated controversy over where the exchange is actually located, with even the Binance CEO weighing in.

Binance CEO Changpeng “CZ” Zhao really doesn’t want to tell you where his firm’s headquarters is located. He said: Binance doesn’t have a headquarters because Bitcoin doesn’t.

 

Proof of Stake (PoS) is an alternative to Proof of Work (PoW) where mining power is based on how many coins a person holds. Essentially, new coins are created as interest paid on existing coins.

PoS works like this: instead of mining power being based on how much CPU/GPU you have, PoS mining power is based on how much coin you hold. In order for your coins to count toward your mining power, you have to “lock them up.”

You commit coins to mining for a time, and you get a chance to get paid what can essentially be described as interest on your coins over time. In other words, like with traditional PoW mining, but unlike with a savings account, with PoS you typically get a chance to get paid new coins rather than a guarantee (you aren’t guaranteed “interest”).

The bitcoin network is underpinned by the blockchain technology, which is very difficult to hack. Since bitcoin came into existence in 2009, the entire network hasn't yet been hacked. There have been instances of exchanges or wallets being hacked, but not the entire network.

Since March 1987, Forbes has been publishing a list of the world’s wealthiest billionaires compiled in a list for the public to view. The 12 crypto billionaires noted in this year’s list work with digital currency exchanges or are venture capitalists who invest heavily in crypto startups.

Elon Musk could be considered a crypto billionaire, but most would say he’s more of a proponent than someone infused within the blockchain industry.

Another person not mentioned among 2021’s crypto billionaires is Satoshi Nakamoto. Using today’s exchange rates, Nakamoto could be worth more than $59 billion.

Satoshi had nursed Bitcoin through its formative years, and now it was capable of surviving without him solo mining, solo-fixing critical bugs and pushing out new Core releases. Perhaps Satoshi left because he had done all he had to do. Staying around would only tarnish his legacy and heighten the risk of him being doxxed as the world began to take a keen interest in his creation.

If so, the timing of Satoshi’s exit was to prove as impeccable as his arrival in the aftermath of the 2008 financial crisis. Despite internecine conflict, chain splits, and factions, Bitcoin hasn’t just survived – it’s thrived, morphing into an unstoppable organism that cannot be controlled by any one man.

The name was derived from the first two letters of Samsung, Toshiba, Nakamichi and Motorola.

Samsung: SA

Toshiba:TOSHI

Nakamichi:NAKA

Motorola: MOTO

What do you think?

Such decline could have a number of causes, but the main ones could be: The drop in bitcoin prices —or at least its slower price trend— is discouraging accumulation, making it unattractive to hodl tokens that lose value over time —especially in a manner as volatile as bitcoin does.

Assets with established pedigree such as Ethereum and BNB are reporting clear and sustained uptrends, gaining the attention of many investors. Many investors could be selling their BTC in order to bet on the price of some Dogecoin clones —like Shina Inu (SHIB) which has spiked 1700% in the last week and a whopping 28600% in the last month.

The world’s second-largest cryptocurrency network, in terms of market capitalization, Ethereum, saw a chain split today as a software bug affected a large quantity of full node clients. In mid-August, developers discovered a vulnerability and distributed an update called “Hades Gamma” to resolve the problem. However, a large number of full node clients did not leverage the patch and the network forked. “A chain split has occurred on the Ethereum mainnet,” the Go Ethereum Twitter account said. “The issue was resolved in the v1.10.8 release announced previously. Please update your nodes, if you haven’t already.”

Stuart Haber and W. Scott Stornet outlined the first product based on a cryptographically secured series of blocks in 1991. However, the technology we know today became popular almost two decades later, as blockchain statistics show. In 2008, Satoshi Nakamoto announced the Bitcoin whitepaper. It is still unknown if this pseudonym stands for one person or a group of people.

In any case, the whitepaper gave a solid incentive to the development of blockchain for different uses.

According to a note shared by JPMorgan with clients, the recent increase in price for BTC was predominantly attributed to institutional investors looking for a hedge to inflation.

“The re-emergence of inflation concerns among investors has renewed interest in the usage of Bitcoin as an inflation hedge,” the analysts said, arguing there has been a shift in perception as to the merits of BTC in relation to gold.

The Bitcoin network was estimated to consume about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021. By the end of this year, it looks set to have used 91TWh of energy - as much as Pakistan. As the price of Bitcoin increases, more miners with less energy-efficient machines join the network, driving up energy use. This means that it is essential to improve the efficiency of crypto-mining and move to low-carbon energy sources for electricity.

The United States has become the world's largest market for Bitcoin mining, according to new data from Cambridge University.The United States now holds a share of 35.4% of the market, following a mass exodus of miners from China after the Chinese government banned mining earlier this year.

 

On October 22 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. There hasn’t been a 2010 block reward spent in three months and the last time a 2010 miner spent their ‘sleeping bitcoin’ was on July 4, 2021.

Stuart Haber and W. Scott Stornet outlined the first product based on a cryptographically secured series of blocks in 1991. However, the technology we know today became popular almost two decades later, as blockchain statistics show. In 2008, Satoshi Nakamoto announced the Bitcoin whitepaper. It is still unknown if this pseudonym stands for one person or a group of people.

In any case, the whitepaper gave a solid incentive to the development of blockchain for different uses.

 

The world’s second-largest cryptocurrency network, in terms of market capitalization, Ethereum, saw a chain split today as a software bug affected a large quantity of full node clients. In mid-August, developers discovered a vulnerability and distributed an update called “Hades Gamma” to resolve the problem. However, a large number of full node clients did not leverage the patch and the network forked. “A chain split has occurred on the Ethereum mainnet,” the Go Ethereum Twitter account said. “The issue was resolved in the v1.10.8 release announced previously. Please update your nodes, if you haven’t already.”

The Bitcoin network was estimated to consume about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021. By the end of this year, it looks set to have used 91TWh of energy - as much as Pakistan. As the price of Bitcoin increases, more miners with less energy-efficient machines join the network, driving up energy use. This means that it is essential to improve the efficiency of crypto-mining and move to low-carbon energy sources for electricity.

 

Institutional investors appear to be returning to Bitcoin perhaps seeing it as a better inflation hedge than gold."

The momentum toward Bitcoin is in contrast to a JPMorgan report in May when analysts noted big investors at the time were switching out of Bitcoin and into traditional gold.

The United States has become the world's largest market for Bitcoin mining, according to new data from Cambridge University.

The United States now holds a share of 35.4% of the market, following a mass exodus of miners from China after the Chinese government banned mining earlier this year.

On October 22, 2021 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. 

After waiting patiently for more than a decade, the miner who spent the ‘sleeping bitcoin’ saw a percentage gain of 76,249,900% if the individual cashed out into U.S. dollars today.

Currently, 12.9% of the circulating Bitcoin supply, or roughly $163 billion, is sitting on exchanges, according to recent Glassnode analysis. The trend started in August, when Bitcoin started gaining some upward momentum after a summer of slumped prices.

According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%.

According to a recent survey conducted by Pew Research Center, the vast majority of US adults (86%) have heard at least a little about digital currencies. However, only 16% of the participants admitted they have personally invested in some of them.

Just 13% of the American residents have never heard of bitcoin, ether, or any other cryptocurrencies.

A growing number of fund managers and institutional investors now prefer bitcoin over gold.

They see the cryptocurrency as a better store of value and a better inflation hedge. “I think it’s probably going to be ten times better than gold over a long period of time,” said the founder of one asset management firm.