Crypto Frontline

6 Things You Should Know About Bitcoin

 Breaking News
  • Despite Bitcoin Drop, More than 4,000 ATMs Globally   Although the Bitcoin price continues to weaken, currently at $3,530 on the Bitstamp exchange, there is one positive aspect related to the most famous cryptocurrency which needs to be...
  • Weekly Crypto Analysis January 21-27, 2018   Bitcoin Although it surprised us in a positive way, the Bitcoin price managed to make a slight rebound last week and a bullish parabolic-type formation begins to unfold. If...
  • ICOs Fail to Impress Until Mid-January 2019   A new year had started and unfortunately, funds raised by new ICOs fail to impress, continuing the same depressed trend we saw especially in the second half of 2018....
  • Ethereum Fork Delayed Due to Security Issues   The Constantinople Ethereum fork was canceled little before it should have taken place as a security vulnerability was found by an audit firm. The wide-anticipated system update was expected...
  • US Bitcoin Mining Firm Ceases Activity   Giga Watt, a well-known US Bitcoin mining company, announced its clients on January 16th that its activity had come to an end. The firm was is a bad situation...
  • Vakt Oil Blockchain Platform Attracts New Big Players   Although cryptocurrencies are not in their best period right now, blockchain-based applications continue to impress and that is the case with Vakt – an oil platform based on the...
  • Danish Crypto Exchanges Will Need to Provide Data   Denmark took a new big step forward towards taxation of cryptocurrency-related transactions. The Skattestyrelsen, which is the Danish Tax Agency, announced on Monday, via a statement which you can...
  • Weekly Crypto Analysis January 14-20, 2019   Bitcoin The volatility returned in the cryptocurrency market and Bitcoin had been impacted by it in a negative way. Since January 10th, the price action weakened impulsively, breaking below...
  • SEC Approved 287 ICOs in 2018   Although it is widely regarded as one of the toughest financial regulators in the world, The United States’ Securities and Exchange allowed a considerable number of ICOs to function,...
  • Bitcoin Breaks Below 3,700 – New Lows in Sight?   The enthusiasm around cryptocurrencies seems to be over now that the Bitcoin price started to weaken impulsively again on January 10th. After consolidating for the first three days of...

6 Things You Should Know About Bitcoin

6 Things You Should Know About Bitcoin
October 18
17:55 2017

There had been a lot of talk around Bitcoin in the last two years, since its price skyrocketed above the 5000$ mark. A lot of people passionate about technology, investors, stock traders etc. had been attracted by this new technological revolution that entered the currency area.

We’ve designed this article to summarize 6 of the most important details you should know about Bitcoin.

  • Bitcoin creation – bitcoin is a cryptocurrency that was developed in 2008 by Satoshi Nakamoto. The exact birth date is January 3rd of that year, when Satoshi mined the first 50 bitcoins.
  • Nakamoto declines being the bitcoin creator – even though various people credited him for the creation of bitcoin, he personally had declined that fact several times.
  • A lot of places accept bitcoin in exchange for goods and services – since this cryptocurrency had become that popular, companies begin to accept payments in bitcoin, giving the people who own them to also spend the bitcoin on the things that they need.
  • One of the biggest crash was in 2014 – in that year, about 460 million dollar worth of bitcoins where stolen, raising concerns about the security of the system.
  • Famous billionaires don’t trust Bitcoin – Warren Buffet called it a “joke” and he also said “It does not have some intrinsic value”, while Mark Cuban said “Its value is inflated”.
  • Celebrities are interested in bitcoin as well – people like Ashton Kutcher, Floyd Mayweather and Gwyneth Paltrow, all have, in one way or another, invested money in bitcoin or bitcoin startups.

Risk Warning and Disclaimer

Trading cryptocurrencies on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.