HYCM Launches Ripple and Bitcoin Cash Cryptocurrency CFDs The broker has announced the addition of two new crypto-pairs amid increasing appetite for cryptocurrency trading. LONDON–(BUSINESS WIRE) HYCM Launches Ripple –HYCM, a multi-regulated global leader in online capital markets trading, has launched trading on two additional cryptocurrencies, Ripple and Bitcoin Cash, adding XRP/USD and BCH/USD to its range […]
The Buz On BITCOIN Today
Bitcoin balances are kept using public and private “keys,” which are long strings of numbers and letters linked through the mathematicich is published to the world and to which others may send BTC. The private key (comparable to an ATM PIN) is meant to be a guarded secret, and only used to authorize BTC transmissions.
In March 2014, the IRS stated that all virtual currencies, including Bitcoin, would be taxed as property rather than currency. Gains or losses from Bcoin held as capital will be realized as capital gains or losses, while BTC held as inventory will incur ordinary gains or losses.
The independent individuals and companies who own the governing computing power and participate in the network, also known as “miners,” are motivated by mining rewards (the release of new BTC) and transaction fees paid in BTC. These miners can be thought of as the decentralized authority enforcing the credibility of the Bitcoin network. New BTC is being released to the miners at a fixed, but periodically declining rate, such that the total supply of Bitcoin approaches 21 million. One BTC is divisible to eight decimal places (100 millionth of one bitcoin), and this smallest unit is referred to as a Satoshi. If necessary, and if the participating miners accept the change, BTC could eventually be made divisible to even more decimal places.
Style notes: According to the official BTC Foundation, the word “BTC” is capitalized in the context of referring to the entity or concept, whereas “BTC” is written in the lower case when referring to a quantity of the currency (e.g. “I traded 20 BTC”). The currency can be abbreviated to BTC or, less frequently, XBT. The plural form of the word can be either “bitcoin” or “bitcoins.”
Bitcoin Cash forecast & analysis BCHUSD downward trend Jan 24 Cryptocurrency market correction sees Ripple, Bitcoin Cash, fall by 10% INSIGHT BCHUSD downward trend BCHUSD This morning at 10:40 EST, the BCH is trading at $ 1,536.26 against the USD, -9.56% higher from the New York close. A major correction has dawned the cryptocurrency market […]
bitFlyer Launches in Europe and Becomes the World’s First Bitcoin Exchange to Be Regulated in Japan, the US and Europe LUXEMBOURG–(BUSINESS WIRE)–bitFlyer, the Tokyo-based operator of the world’s largest1 Bitcoin exchange, today announced its launch into Europe. Having been granted a Payment Institution (PI) license to operate in the European Union it has become the first […]
Bitcoin forecast & analysis BTCUSD downward trend Jan 24 Bitcoin drops as South Korea bans anonymous cryptocurrency trading INSIGHT BTCUSD downward trend BTCUSD This morning at 10:40 EST, the BTC is trading at $ 10,539.16 against the USD, -10.42%higher from the New York close. South Korea has banned anonymous bank accounts being used to buy […]
BCHUSD forecast & technical analysis Bitcoin Cash bearish trend Jan 23 Bitcoin cash price failed to settle above $2100 against the US Dollar. BCH/USD is again correcting lower and is trading below the $2000 . INSIGHT Bitcoin Cash bearish trend BCHUSD This morning at 10:40 EST, the BCH is trading at $ 1,575.68 against the […]