Bitcoin mining is the “process of validating other people’s transactions with a computer and then adding them to the long, public list of all transactions known as the blockchain.” In exchange, miners get rewarded with cryptocurrency. Mining is performed by high-powered computers, with very expensive GPU’s, that solve complex computational math problems. Machines have also…
Bitcoin is a electronic currency that is worth over £6,000 per coin at the time of writing; this is how it all started. The domain name “bitcoin.org” was registered on 18 August 2008. Then, on 31 October 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was…
Australia In October 2017, the Australian Senate began debating a bill that would apply anti-money laundering statutes to the country’s cryptocurrency exchanges, as well as mandate criminal charges for exchanges that operate without a license. That same month, the tax authorities removed the “double taxation” of bitcoin, which was a result of a decision in…
In the past 60 days, Bitcoin has almost doubled in price. Back in March it was sitting at around the £3000 mark, and now it’s sitting at around £6000. When I say sitting, please do take it lightly, as the price of bitcoin is very volatile and ever changing. Bitcoin price trajectory is often described…
If you’re sick of the withdrawal waiting times that come with trading, then it might be worth funding your trading account using Bitcoin. FX Choice: FX Choice is a Belize based broker offering MT4 and MT5 trading platforms. With an experience of over 10 years in serving clients, they now added Bitcoin as a method…
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