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 falls below 1.1850 as US consumer sentiment beats
EUR/USD is trading under1.1850, off the previous levels as US consumer sentiment beat estimates with 78.9 points. The Fed refrained from adding more stimulus, supporting the dollar earlier in the week. Investors are eyeing fiscal stimulus talks.
GBP/USD falls as the EU reportedly objects Johnson's bill
GBP/USD is trading around 1.2950, off the highs. According to reports, the EU remains opposed to UK PM Johnson's controversial bill, which violates the Brexit accord.
USD/JPY: Ready to pierce July’s monthly low
Japan National inflation increased by just 0.2% in August. US Michigan Consumer Sentiment Index is foreseen at 75 in September. USD/JPY at fresh monthly lows as bears keep pressuring.
Editors’ Picks
EUR/USD falls below 1.1850 as US consumer sentiment beats
EUR/USD is trading under1.1850, off the previous levels as US consumer sentiment beat estimates with 78.9 points. The Fed refrained from adding more stimulus, supporting the dollar earlier in the week. Investors are eyeing fiscal stimulus talks.
GBP/USD falls as the EU reportedly objects Johnson's bill
GBP/USD is trading around 1.2950, off the highs. According to reports, the EU remains opposed to UK PM Johnson's controversial bill, which violates the Brexit accord.
USD/JPY: Ready to pierce July’s monthly low
Japan National inflation increased by just 0.2% in August. US Michigan Consumer Sentiment Index is foreseen at 75 in September. USD/JPY at fresh monthly lows as bears keep pressuring.
BTC/USD is on the verge of a massive breakout towards $10,000 or $8,000
Bitcoin has already lost a significant portion of its dominance against other altcoins. After trading sideways for such a long time, many coins are taking advantage of the situation to create massive rallies.
XAU/USD struggles to move back above 100-hour SMA
Gold regained some positive traction on the last trading day of the week and recovered a part of the previous day's losses to over one-week lows. The commodity held on to its intraday gains and traded above the $1950 level through the mid-European session.
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