Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority or banks. Bitcoin is design to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes. Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on. The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

Historical Data

Date	Price	Volume	MarketCap

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Lina Seiche @LinaSeiche·

16h

The BIS managed to squeeze an entire market cycle’s worth of FUD and misinformation into a single speech. https://twitter.com/btc/status/1354550182436868097

BTC Times@btc

#Bitcoin is highly speculative, “hugely energy-intensive,” subject to price manipulation, and a poor store of value, and will become increasingly vulnerable to 51% attacks in the future, says BIS General Manager Agustin Carstens.

@ItsTwoTM reports

https://www.btctimes.com/news/agustin-carstens-bitcoin-may-well-break-down-altogether

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BTC Times @btc·

16h

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BTC Times @btc·

20h

.@Blockstream has purchased $25 million worth of #Bitcoin miners for its U.S. and Canada mining operations, citing accelerating institutional demand.

@ItsTwoTM reports

https://www.btctimes.com/news/blockstream-ramps-up-mining-operations-with-25m-purchase

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BTC Times @btc·

26 Jan

OPINION: The complexity of modern societies has made it easy for our rulers to adopt a paternalistic attitude towards evidence: “This is far too complex for you to understand,” they imply. But this isn’t how trust works.

via @obi

https://www.btctimes.com/insight/trust-but-verify

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BTC Times @btc·

25 Jan

Marathon Patent Group has become the latest institutional investor in #Bitcoin, announcing that it has purchased 4,812.66 BTC at an aggregate price of $150 million.

@n1ckchong reports

https://www.btctimes.com/news/nasdaq-listed-mining-company-buys-150m-worth-of-bitcoin

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