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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…
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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