Bitcoin

#bitcoin

Bitcoin is a software-based online payment system described by Satoshi Nakamoto in 2008 and introduced as open-source software in 2009. Payments are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Media reports often refer to bitcoin as a cryptocurrency or digital currency. The status of bitcoin as a currency is disputed. Bitcoin is the first fully implemented decentralized cryptocurrency; most other cryptocurrencies are similar and derived from it. It is also the largest cryptocurrency in terms of total market value. Bitcoins are created as a reward for processing work in which users offer their computing power to verify and record payments into the public ledger. This activity is called mining, which individuals or companies engage in, in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services.

Top Trending News Videos for #bitcoin  (Personalize)

  • Now Playing
    Video Thumbnail
    • WWF International President: Bitcoin ‘is not a currency’
    • Yahoo! Finance
  • Now Playing
    Video Thumbnail
    • Bitcoin hovers around $38K as Amazon denies plans to accept the currency
    • Yahoo! Finance
  • Now Playing
    Video Thumbnail
    • Mark Mobius on China Crackdown, Bitcoin and Gold
    • Bloomberg
  • Now Playing
    Video Thumbnail
    • Might Not See Conventional Banks in 30-40 Years: Rogoff
    • Bloomberg
  • Now Playing
    Video Thumbnail
    • Guggenheim's Minerd on Stocks, Bitcoin, Fed Tapering
    • Bloomberg
  • Now Playing
    Video Thumbnail
    • Mobius Sees Bitcoin Going Lower, Says He's 'Leery' of Tesla
    • Bloomberg
  • Now Playing
    Video Thumbnail
    • Bitcoin nears $39,000 amid Amazon payment rumors
    • Yahoo! Finance
  • Now Playing
    Video Thumbnail
    • Pay with Bitcoin? No thank you!
    • DW
  • Now Playing
    Video Thumbnail
    • AWS Develops New Cloud Storage Tools
    • Bloomberg
  • Now Playing
    Video Thumbnail
    • Is Bitcoin mining bad for the environment?
    • DW
  • Now Playing
    Video Thumbnail
    • Bitcoin jumps on Amazon speculation
    • Fox 31 Denver
  • Now Playing
    Video Thumbnail
    • Bitcoin Rebounds to Key Technical Level
    • Bloomberg
  • Now Playing
    Video Thumbnail
    • Tech Industry Leaders Meet To Discuss Future Of Bitcoin
    • Newsy
  • Now Playing
    Video Thumbnail
    • Bitcoin for botox: 'It’s convenient for us, it’s convenient for them,' doctor says
    • Yahoo! Finance
  • Now Playing
    Video Thumbnail
    • Twitter Advertising 'Firing On All Cylinders' in Q2: CFO Segal
    • Bloomberg
  • Now Playing
    Video Thumbnail
    • Elon Musk's Influence on Crypto
    • Bloomberg
  • Now Playing
    Video Thumbnail
    • Bitcoin and crypto have a 'Elon Musk problem'
    • CNN
  • Now Playing
    Video Thumbnail
    • MORNING BUSINESS REPORT: Home prices high, Crocs surge, Bitcoin interest
    • WFSB