Bitcoin is a virtual currency that uses Blockchain technology for secure payments and storing money electronically, without requiring a bank or a person’s name. Satoshi Nakamoto created this cryptocurrency back in 2009. The biggest advantage of Bitcoin is that it’s not under control of central authority, government or private company, so people are free from paying transaction fees. It can be used for booking a hotel or flight, or purchasing products online, as many online stores and companies accept Bitcoin now.
Today, there are 1354 Bitcoin ATMs in 55 countries around the world and about 5.8 million users that have digital wallets. The price for one Bitcoin at the moment is $5,602 and it’s growing continuously, proportionally with the interest for digital money.
Take a look at this infographic that illustrates in details some interesting facts about this incredibly popular virtual currency.
Editors’ Picks
EUR/USD resumes advance, reaches fresh highs
The EUR/USD pair is firmly advancing beyond 1.2100, trading at levels that were last seen in April 2018. The dollar is under pressure amid hopes for US fiscal stimulus and an upcoming vaccine. Investors are shrugging off Germany's extended restrictions.
GBP/USD hits three-month highs amid Brexit hopes
GBP/USD is rising toward 1.3450, the highest since September, shrugging off Brexit concerns. France may reportedly veto a deal if it sees too many compromises from the EU. The final US Services PMI, vaccine developments and US data are all awaited.
USD/JPY holds lower ground around 104.50 amid cautious mood
USD/JPY holds the lower ground around 104.50 amid a mixed risk appetite mid-week following a strong start in global equities and high-beta forex which dampened demand for the greenback. Vaccine and stimulus hopes remain alive, limiting the downside.
Editors’ Picks
EUR/USD resumes advance, reaches fresh highs
The EUR/USD pair is firmly advancing beyond 1.2100, trading at levels that were last seen in April 2018. The dollar is under pressure amid hopes for US fiscal stimulus and an upcoming vaccine. Investors are shrugging off Germany's extended restrictions.
GBP/USD hits three-month highs amid Brexit hopes
GBP/USD is rising toward 1.3450, the highest since September, shrugging off Brexit concerns. France may reportedly veto a deal if it sees too many compromises from the EU. The final US Services PMI, vaccine developments and US data are all awaited.
USD/JPY holds lower ground around 104.50 amid cautious mood
USD/JPY holds the lower ground around 104.50 amid a mixed risk appetite mid-week following a strong start in global equities and high-beta forex which dampened demand for the greenback. Vaccine and stimulus hopes remain alive, limiting the downside.
Bitcoin price majestically rockets past $18,000 as $20,000 beckons
Bitcoin rally is in full swing as investors anticipate a final leg up to $20,000. The flagship cryptocurrency has in the last couple of weeks broken key barriers to top $18,000 on Wednesday towards the end of the Asian session.
XAU/USD clings to gains near $1840 area, over one-week tops
Gold maintained its bid tone through the mid-European session and was last seen trading near the top end of its daily range, or over one-week highs around the $1840 region.
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