Cryptocurrencies: 961
Markets: 3853
USDT Markets: 702
Total Market Cap: 223.5 Bn USDT
24h Volume: 42.5 Bn USDT
BTC Dominance: 58.43%
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      Bitcoin(BTC) price, charts, marketcap

      1 BTC = 7928.6826 USDT 0.57%

      About Bitcoin

      Bitcoin is one the first digital currencies to appear , being created in 2009 by an anonymous person/group under the alias of Satoshi Nakamoto. Ever since its inception the source code has been made publicly available, which means anyone can join the development process. Bitcoin does not exist in a physical form, nor is it issued or controlled by a central authority, such as a bank or government. Instead, Bitcoin uses a decentralized method to validate transactions known as a Proof-of-Work(POW) algorithm, where miners compete using computing power to find the solution to each block, which is then added to the blockchain, thus verifying the transactions stored on that block. Aiming to be a new type of money, one that can be exchanged for goods and services without the need for a 3rd party, Bitcoin can also be described as a peer-to-peer currency that does not require open banking hours to work. Being the first and by far the most successful cryptocurrency , it was the inspiration for creating alternative currencies (also called altcoins) such as Ethereum, Ripple, Litecoin and so on.

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      History of Bitcoin(BTC)

      Bitcoin like all other cryptocurrencies is based on the model of the first actual cryptocurrency, Bitcoin. However, before Bitcoin’s and Bitcoin’s time , cryptocurrencies were much more different, relying instead on a centralized power structure rather than the decentralized governance we see today. If it weren’t for the works of cryptographers such as David Chaum, Wei Dai, Nick Szabo and Hal Finney, who established some of the ground concepts for modern cryptocurrencies, Bitcoin, Ethereum and Bitcoin would not exist today. However, the most important reason why Bitcoin was made possible is thanks to a person or a group of people under the alias Satoshi Nakamoto. He took the concepts that cryptographers before him established and managed to create an actual peer-to-peer electronic money system that couldn’t be counterfeited. If Satoshi Nakamoto didn’t create Bitcoin, it is hard to say if Bitcoin or most cryptocurrencies would exist today.

      Bitcoin is a cryptocurrency with the symbol BTC and it’s price ticker on our website is 7,928.68. Its current price is 7,928.68 and the total change over the past 24 hours is 45.35. Bitcoin boasts a volume of 23,520.54 in the past 24 across your selected exchanges.

      Bitcoin Characteristics

      Cryptocurrencies like Bitcoin use strong cryptographic protocols, or very complex computer code to secure transfers of information, in order to create a safe system that is notoriously difficult to crack. The programmer of digital currencies such as Bitcoin base these protocols on complex mathematic and computer engineering fundamentals, creating a structure that makes it impossible to replicate funds for Bitcoin and also hides the identities of the parties involved on any transaction on Bitcoin network , unless the participants freely disclose their information.

      Bitcoin Operates on a Blockchain

      Bitcoin, like most cryptocurrencies operates on a blockchain, a new and disruptive technology that offers benefits for storing, securing and transferring information that was not otherwise possible before its inception. The idea of blockchain was first discovered in 1991 by Stuart Haber and W. Scott Stornetta, however it was not until an anonymous person or group under the alias of Satoshi Nakamoto that created the first functional blockchain (Bitcoin’s blockchain) and improved on the ideas of Haber and Scornetta to create a truly functional distributed ledger.

      You can imagine the blockchain that Bitcoin is based on as a giant, distributed database where every transaction’s information is recorded and then spread on a massive network of connected nodes or computers. The information for transaction of Bitcoin is then multiplied and stored on each individual node, so in order to change it you would have to access he majority of the Bitcoin’s nodes at the same time, which has so far proven to be impossible.

      The advantages that Bitcoin runs on a blockchain are that it is very cost effective to run, compared to other centralized resources, due to the cost of operating being split amongst all the network participants.

      No one can alter the defining characteristics that govern Bitcoin base, unless certain conditions are met and changes are implemented by the developer team or a network wide consensus is reached for the changes to be applied.

      One disadvantage of operating on a blockchain is that generally, transactions with Bitcoin are final, meaning that is very unlikely that a transaction can be rolled back if a mistake occurs. Be careful when transacting cryptocurrencies such as Bitcoin and make sure you double check all the details of the transaction before submitting it.

      Bitcoin also boasts a higher degree of safety, as the mechanisms of the blockchain are incredibly hard to crack

      Bitcoin Advantages

      Decentralized Point of Control

      Bitcoin (BTC) is defined by a decentralized governance system, which does not rely on a single point of control to manage transactions on the network in the same way a bank would. Because of this Bitcoin’s network features a distinct advantage that makes it very difficult to counterfeit or imitate. Another advantage of being decentralized is that any attacks on Bitcoin’s network will have to be in multiple places at the same, whereas a bank or any centralized system will have an host of servers in one place.

      Cost Efficient

      Generally speaking, auditing records is a time consuming and expensive process, whereas for Bitcoin which stores all its records on the blockchain, this can be done with minimal effort and in a much shorter time.

      Establishing a Digital Identity

      You can create your own identity on the Bitcoin blockchain, which can be though of as an account of sorts. Whenever you open an “account” on the Bitcoin blockchain, you will be given a private key, which lets you interact with the blockchain, and a public key, which let others identify and interact with you.


      Since all information that is transmitted on the Bitcoin blockchain is stored and secured on a wide network of computers or nodes, you can always be sure that the information presented is valid and has not been tampered with.

      Bitcoin Supply Details

      Bitcoin is distinguished from traditional fiat currencies due to way the supply works for most cryptocurrencies. It cannot be printed like governments do with fiat, due to the maximum supply being 21000000 and this dictated by the base code that the Bitcoin network runs on. No more than 21000000 will ever exist unless major changes to the code are applied. Another interesting fact about Bitcoin’s supply is there can be two other types of supply aside from the maximum supply. One is the total supply which indicates the amount of coins there are currently in existence. For Bitcoin the total supply is 17714775. This is the sum of all Bitcoin units that have been mined or created since the network’s creation. . The other one is the circulating supply which for Bitcoin is 17714775. This can be different that the total supply due factors such as funds being locked in escrow, coins being locked in masternodes.

      How to Store Bitcoin

      There are a few way to store your Bitcoins , and they all involve a certain types of both physical and electronic wallets. Regardless of what kind of wallet you will use, in order to access your Bitcoin funds you will need to have a private key and a public key. With the private key, you can access your funds and send them to whoever you like, just as long as it is an address that Bitcoin is compatible with. Never ever disclose your Bitcoin private key or also called private address, as this will give anyone who has it full control over your wallet. The other type of key is the public key or address, which is used for other people to send Bitcoin to your wallet, and this one can be freely disclosed but it can be used to identify you if a name is ever associated with your public address.

      Bitcoin Paper Wallet

      The only physical and non-electronic way to store your Bitcoin is through a paper wallet, and this is possibly the safest way to protect your Bitcoins. Simply write the private and public keys of your Bitcoin wallet on a sheet of paper, however you will need access to an electronic device should you choose to send or move your Bitcoin funds to another address. The risk here is losing or damaging the sheet of paper with your Bitcoin public key.

      Bitcoin Hardware Wallet

      You can store Bitcoin on a device like a Trezor or USB drive. You are able to make online transactions by plugging them into any any net enabled device to send Bitcoin to another address. Usually the hardware device that you store your Bitcoin on is offline which is a great security advantage. Please conduct proper research before purchasing any hardware wallet to store Bitcoin funds on as many are outdated or of poor quality.

      Bitcoin Desktop Wallet

      Desktop wallets are a convenient and easy way to store your Bitcoin coins. Find a reliable wallet software that support Bitcoin install it on your PC and that’s pretty much it. It can be dangerous if any virus infects your PC or if any physical damage comes to it, which can result in the loss of all your Bitcoin funds.

      Bitcoin Online Wallet

      For online wallets, they operate in the cloud and your private and public keys for your Bitcoin funds are stored in the cloud as well. Very handy if you plan to access it from multiple devices but they also put your Bitcoin at great risk due to security breaches in the cloud storage which is not that unheard of.

      Bitcoin Mobile Wallet

      The most easy-to-use method of storing Bitcoin is on a mobile wallet. It is a simple smartphone application where you set up an account and you can use it to send Bitcoin by scanning a QR code or even use it to pay in any shops that accept Bitcoin. However, your Bitcoin funds can be lost if your phone is damaged or if its security is breached.

      Bitcoin Summary

      Bitcoin’s network can be defined as a payment system, with accounts, transactions and balances. You can store Bitcoin on one of the wallet types mentioned above and it will act as your own personal bank account that you are responsible of maintaining and keeping your private keys secure. Bitcoin as a cryptocurrency allows you to make secure transactions and you can always check the transaction details by checking the Bitcoin public ledger, if applicable. This revolutionary method of being your own bank assured that Bitcoin and other cryptocurrencies will play a vital role in the way we conduct transactions and how we define currencies in the future.

      What you can do with Bitcoin on CoinExchangeData.

      You can add Bitcoin to your watchlist on our platform, in order to keep better track of its price movements. Another handy way to always be up-to-date with any prices changes is to add alerts for Bitcoin and you can do so by set up your personalized alerts by creating an account and going to the alerts tab. Charts and price metrics for Bitcoin are readily available and we guarantee that the information supplied by CoinExchangeData is as accurate as possible. All the volume and price information regarding Bitcoin reflects the same information you can find on exchanges, so it is very easy to find the best exchange to purchase or sell Bitcoin on. Our converter lets you find accurate conversion quotes for Bitcoin against other cryptocurrencies and most traditional fiat currencies. You can use it to see if exchanging Bitcoin for another digital currency can be a more profitable investment or just to check the value of your portfolio.

      Crypto Lending Startup BlockFi Slashing Interest Rates on Ether Deposits
      Yogita Khatri (22 May 2019, 10:00 am)

      BlockFi is almost halving the interest rate it offers on ether deposits from June 1, while the rate on larger bitcoin deposits will go up slightly.

      Circle Sheds 10% of Workforce as CEO Blames Restrictive US Regulatory Climate
      Cointelegraph By William Suberg (22 May 2019, 9:54 am)

      Circle Sheds 10% of Workforce as CEO Blames Restrictive US Regulatory Climate Circle CEO Jeremy Allaire says that regulations are to blame for Circle staff cuts

      Crypto Merchant Bank Galaxy Digital Sells Shares in EOS Creator Block.One for $71 Mln
      Cointelegraph By Marie Huillet (22 May 2019, 9:47 am)

      Crypto Merchant Bank Galaxy Digital Sells Shares in EOS Creator Block.One for $71 Mln Mike Novogratz’s crypto merchant bank Galaxy Digital has sold its shares in EOS developer for $71.2 million

      Firefox Browser Adds Option to Automatically Block Crypto Mining Scripts
      Yogita Khatri (22 May 2019, 9:00 am)

      Mozilla has released an update for its Firefox browser which includes an option to block cryptocurrency mining scripts on websites.

      Traders Accused of Illegally Collecting $56 Million in Bitcoin for Loan Scheme
      Wolfie Zhao (22 May 2019, 8:05 am)

      Two OTC traders in China have been accused of illegally soliciting over 7,000 bitcoin in deposits for a supposed loan offering.

      Israeli Court Rules Bitcoin Is an Asset
      Kevin Helms (22 May 2019, 7:14 am)

      An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor of the tax authority, endorsing the central bank’s […]The post Israeli Court Rules Bitcoin Is an Asset appeared first on Bitcoin News.

      Ethereum Foundation Announces Details on $30 Million Network Development
      Cointelegraph By Max Boddy (22 May 2019, 12:50 am)

      Ethereum Foundation Announces Details on $30 Million Network Development The Ethereum Foundation has announced where its $30 million in earmarked development funding will go over the course of the coming year

      Elipay Celebrates the First of 100s of Crypto-Accepting Merchants in Croatia
      Jamie Redman (21 May 2019, 6:37 pm)

      On May 20, Eligma showed off its Elipay service, a crypto payment processing system that allows people to pay for products and services with cryptocurrencies at over 300 retailers in the region. The grand opening of Elipay’s Croatian launch started with the first transaction made by’s CEO, Roger Ver, at the five-star Navis Design […]The post Elipay Celebrates the First of 100s of Crypto-Accepting Merchants in Croatia appeared first on Bitcoin News.

      IRS Plans to Issue Guidance on Virtual Currency Taxation
      Jamie Redman (21 May 2019, 3:20 pm)

      Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines. Also read: Last Will Platform Allows Your Loved Ones to Inherit Your […]The post IRS Plans to Issue Guidance on Virtual Currency Taxation appeared first on Bitcoin News.

      MinerGate Token Is Now On EOSDAQ
      MinerGate Mining Pool (16 May 2019, 2:15 pm)

      Dear Miner, The MinerGate team is pleased to announce that our ultimate loyalty tool, the MG Token, is now available on EOSDAQ, the world’s first on-chain decentralized exchange. EOSDAQ is a platform that supports the peer-to-peer trade of EOS-based tokens. All transactions there are recorded on the blockchain in a transparent manner.  The EOS-based MinerGate […]The post MinerGate Token Is Now On EOSDAQ appeared first on Crypto Mining Blog.

      HitBTC – The First Major Exchange To Support The MinerGate (MG) Token
      MinerGate Mining Pool (9 May 2019, 7:55 pm)

      Dear miner, We are glad to announce that HitBTC will be the first major exchange to list the MG Token. Support from HitBTC is an important step towards developing the MinerGate loyalty tool. HitBTC is one of the most advanced cryptocurrency exchanges out there, providing markets for more than 300 different cryptocurrencies. HitBTC delivers to […]The post HitBTC – The First Major Exchange To Support The MinerGate (MG) Token appeared first on Crypto Mining Blog.

      MinerGate Token (MG): The Ultimate Loyalty Tool For Users
      MinerGate Mining Pool (29 April 2019, 11:01 pm)

      MinerGate is glad to introduce MinerGate Token (MG) – a token created as a loyalty tool. It is designed as a vital instrument to fuel the entire ecosystem of MinerGate products. We have always been focused on enhancing our service and providing better user experience, and now the new MG token is going to serve […]The post MinerGate Token (MG): The Ultimate Loyalty Tool For Users appeared first on Crypto Mining Blog.

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