Depending on how you count its birth, bitcoin turned 10 years old today. The first lines of code were committed to the bitcoin blockchain on January 3rd, 2009, a few months after the publication of the original whitepaper. These lines of code, known as the “genesis block,” are credited to the person or persons known as Satoshi Nakamoto. On January 12th, Nakamoto sent 10 bitcoin to Hal Finney, and a new finance counterculture was born. At this point, the bitcoin’s worth was negligible. Users essentially gave each other bitcoins as rewards for good comments in forums. The first “real” transaction took place on May 22nd, 2010. Laszlo Hanyecz bought two pizzas for 10,000 bitcoin, or about $30. (At current prices, 10,000 bitcoin would be worth $38 million. I hope that pizza was tasty.) For most of its life, bitcoin drew from three main overlapping communities: the small community of original investors and true believers, the blockchain technology aficionados, … [Read more...] about Ten years after the genesis block, bitcoin’s been captured by the system it was supposed to replace
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A new survey from eToro U.S., a global investment platform, has found that despite a clear interest in investing in cryptoassets, education is the key barrier preventing online investors from purchasing the asset. Of all online investors — including those who do or do not currently invest in cryptoassets — 69 percent of respondents were interested or very interested in learning about it. However, the nationwide survey of 1,000 online investors found that proficiency in the cryptoasset class is still low. Three quarters of those who do not hold the asset class state that they are not knowledgeable about cryptoassets. Even among investors who do invest in cryptoassets, over one-fifth of respondents feel that their understanding is lacking. Guy Hirsch, U.S. managing director, eToro, says: “Late 2018 has seen the cryptocurrency market take a huge tumble, but that has not stymied investors’ interest in the asset class and its potential. Online investors are still … [Read more...] about New survey suggests strong interest in cryptoasset education, despite market volatility
Jasper HamillWednesday 25 Jul 2018 2:55 pm Share this article via facebookShare this article via twitterShare this article via googleShare this article via whatsappShare this with Share this article via emailShare this article via smsShare this article via flipboardCopy link The price of Bitcoin shot above $8,300 this week and sparked hopes that a cryptocurrency comeback is on the way. So far, 2018 has been a dismal year for Bitcoin, which hit a high of almost $20,000 in December last year before slumping by almost 75%. But if the market really is recovering, then could this be the right time to buy? Are we going to see another massive price rise? Although the crypto-world is full of wild predictions suggesting the value of Bitcoin is about to soar again, none of them are truly reliable. One key move which could aid its rise is currently being mulled over by the U.S. Securities and Exchange Commission. A company called Bitwise Asset Management has filed paperwork which will … [Read more...] about Is this the right time to buy Bitcoin and will the cryptocurrency price rise continue?
LONDON (Reuters) - Bitcoin, the world’s best-known cryptocurrency, shot past $8,000 on Tuesday for the first time in two months on signs of growing institutional interest in virtual coins. FILE PHOTO: The Bitcoin logo is seen on a pillow on display at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar Recent reports about impending approval in the United States for a cryptocurrency exchange traded fund (ETF) have helped bolster demand recently, as have comments by BlackRock’s (BLK.N) Chief Executive Larry Fink last week that the world’s biggest investment firm was looking at cryptocurrencies. Bitcoin rose to at high as $8,130 on the Luxembourg-based Bitstamp exchange BTC=BTSP, its highest since May 22. The prices of other digital currencies also edged higher but most remain lower than a week ago, according to Coinmarketcap.com. After peaking at close to $20,000 in December, bitcoin has … [Read more...] about Bitcoin surpasses $8,000 to hit two-month high
(Reuters) - Asset manager Van Eck Securities Corp and blockchain company SolidX Partners Inc plan to launch a bitcoin-linked investment product that could be traded as easily as a stock, the two companies said in a regulatory filing on Tuesday. The Bitcoin logo is seen on a pillow on display at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar The exchange-traded product, called VanEck SolidX Bitcoin Shares, will be insured against theft, fraud and loss of access to the currency, according to the filing, which is subject to a review by the U.S. Securities and Exchange Commission. The companies said they intend to buy and sell bitcoin in informally organized “over-the counter” bitcoin markets to cap transaction costs, while trading large blocks of the cryptocurrency. Van Eck, which had $46 billion in assets under management, and several other fund managers had previously pushed for … [Read more...] about Van Eck, SolidX seek to launch bitcoin-linked ETF