Bitcoin Current Affairs, GK & News

Bitcoin

Bitcoin is a piece of digital code which is also used by people as currency. It was started in 2009 by Satoshi Nakamoto, whose real identity is still shrouded in mystery. The maximum number of bitcoins that can be created is limited to ~21 million. How can one get bitcoins? Mining: Bitcoins are hidden in ..

Hungary: Statue of Bitcoin founder Satoshi Nakamoto unveiled

Hungary has unveiled the statue of Bitcoin founder Satoshi Nakamoto on September 16, 202. Highlights The imposing bronze statue was unveiled in Hungary’s capital, Budapest. This is the first such statue across the world to pay homage to the creator of Bitcoin digital currency. It has been constructed in a business park near the Danube ..

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Cuba to recognise and regulate cryptocurrencies

On August 26, 2021 Government of Cuba announced to recognize and regulate cryptocurrencies for payment in the Island nation. Highlights This decision was taken following the popularity of cryptocurrencies increased among a technologically savvy group in Cuba as it became harder to use dollars. As per officials, Central Bank will set rules for such currencies. ..

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PayPal launched crypto buying and selling in UK

PayPal Holdings Inc has launched crypto buying and selling in the United Kingdom. Key points PayPal will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies now. This roll-out marks the first international expansion of cryptocurrencies services of PayPal outside of the United States. The move will further inspire mainstream ..

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What is a Bitcoin Hardware Wallet?

Square’s hardware head, Jesse Dorogusker, announced recently that company is going to start building a hardware wallet and accompanying service for cryptocurrency, Bitcoin. This decision was taken in a bid to bring crypto coin into mainstream. What is Hardware Wallet? Hardware wallet is a special type of cryptocurrency storage which maintains and secures private crypto ..

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Report: Indians invested $40 bn in cryptocurrency in 2020

As per Chinalysis report, Indians who are known to traditionally invest in gold are now investing into cryptocurrency. Key Findings India is home to world’s biggest holders of gold (25,000 tonnes). Now, Indians are shifting towards cryptocurrency and have invested billions in it. Investments in cryptocurrency has increased from $200 million $40 billion in last ..

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