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: Further weakness could extend to 1.1460

EUR/USD: Further weakness could extend to 1.1460

On Tuesday, the EUR/USD resumed its negative trend by falling below the crucial support at 1.1600 the figure and reaching fresh three-week lows against the background of a stronger Greenback. So far in July, the pair has only closed higher on two occasions.

GBP/USD flirts with multi-week lows near 1.3380

GBP/USD flirts with multi-week lows near 1.3380

GBP/USD has extended its recent break below the critical 1.3400 support level, flirting with four-week lows as sentiment towards the US Dollar intensifies.  Later in the day, investors are expected to carefully watch Governor Bailey and Chancellor Reeves' speeches at the Mansion House event.

Japanese Yen hangs near multi-week low against USD as traders keenly await US CPI report

Japanese Yen hangs near multi-week low against USD as traders keenly await US CPI report

The Japanese Yen languishes near a three-week low against a softer US Dollar heading into the European session and seems vulnerable to prolonging the monthly downtrend. The growing market conviction that the BoJ will keep interest rates low for longer than it wants amid concerns about the economic fallout from higher US tariffs turns out to be a key factor undermining the JPY.


Editors’ Picks

AUD/USD: Door open to extra losses

AUD/USD: Door open to extra losses

AUD/USD remained on the back foot on Tuesday, down for the third day in a row and retreating to five-day lows near the key 0.6500 support, always amid the resurgence of the strong demand for the US Dollar, this time underpinned by higher US inflation readings in June.

EUR/USD: Further weakness could extend to 1.1460

EUR/USD: Further weakness could extend to 1.1460

On Tuesday, the EUR/USD resumed its negative trend by falling below the crucial support at 1.1600 the figure and reaching fresh three-week lows against the background of a stronger Greenback. So far in July, the pair has only closed higher on two occasions.

Gold price retains its positive bias amid a broadly weaker USD; lacks bullish conviction

Gold price retains its positive bias amid a broadly weaker USD; lacks bullish conviction

Gold price trades with a mild positive for the second straight day on Thursday, though it lacks follow-through and remains below the $3,350 level through the early European session. Reports that US President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell raised concerns over the future independence of the US central bank.

Bitcoin Cash targets 52-week high as on-chain data indicate room for growth

Bitcoin Cash targets 52-week high as on-chain data indicate room for growth

Bitcoin Cash (BCH) is trading in the green by 2% at press time on Thursday, following a 6.39% price surge on Wednesday. Rising in a parallel channel pattern, BCH shows signs of increasing bullish momentum and nearing the $500 psychological level.

Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes

Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes

As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.

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