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Bitcoin cryptocurrency jumps above $ 1,000 for the first time in 3 years



Bitcoin digital currency started the new year by rising above the $ 1,000 level for the first time in three years on Sunday, after it outperformed all currencies issued by central banks in 2016 when it jumped 125 percent.

 

It is worth noting that "Bitcoin" is a currency used in transactions over the Internet and is not controlled by any central authority, as the currency relies instead on thousands of computers around the world that verify the correctness of transactions and add more Bitcoins to the system.

 

Bitcoin jumped 2.5 percent to $ 1,022 on Bitstamp trading platform, the highest level since December 2013.
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Finally, the inventor of the virtual currency "Bitcoin" reveals himself for the first time



The inventor of the virtual currency Bitcoin was known in the past under the pseudonym "Satoshi Nakamoto", but today his real name and personality were officially announced for the first time, "Craig Wright", a prominent Australian businessman who was able to provide technical evidence to the media about his initiative, as He said he used the encryption key that was associated with his first Bitcoin transaction.

According to a report from the British BBC website, the codes that were presented are closely related to the virtual currency models that are known to belong to Satoshi Nakamoto, which shows that he may be the same person, and he said that he preferred to be throughout these years away from the light in order to avoid people chasing him .

It is noteworthy that the virtual currency "Bitcoin" has gained wide popularity and popularity on the Internet since Nakamoto announced it in 2008 and in 2009 the system was launched in front of the public who can deal with this money without intermediaries, and it is used to buy products on the Internet, and most of its use is in Buy dangerous goods.
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Bitcoin virtual currency price rises to a high of $ 1,400



The price of Bitcoin currencies rose to its highest level, reaching 1,400 US dollars on Tuesday, after it increased more than three times over the past year, as the recent rise is due to the strong demand for this currency in Japan, after the digital process was considered a legal means of payment.

According to what was published by the British telegraph website, "Cryptocompare", which is a data 


site that analyzes the trading of Bitcoin currencies across dozens of exchanges around the world, said that about 50% of the trading volume in the last 24 hours was on the Bitcoin / Japanese Yen exchange rate.

"Japan has recently strengthened its approach to Bitcoin by treating it legally as a form of payment, approving it and introducing it into the regulatory folds," said Charles Hayter, founder of the site, adding that China's campaign on exchanges could also be considered a positive step for the industry as well.

Chinese authorities have increased controls over exchanges this year, forcing them to start charging fees on trading after becoming concerned about Bitcoin speculation and the possibility of using it to launder money.

The price of Bitcoin rose 3% on Tuesday on the Bitstamp Stock Exchange in Europe, where it was traded in dollars, to reach $ 1,437, the highest since its launch in 2008, and this represents an increase of more than 200% over its price in early May of the year. the past.
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Russia is considering introducing the virtual "Bitcoin" currency into banking transactions



Russia Today said that Alexei Moisiev, Deputy Russian Finance Minister, revealed in an interview with Bloomberg Economic Agency that the country's authorities may enter the virtual currency Bitcoin into circulation in 2018.

 

According to the Russian official, it is possible to classify "Bitcoin" as a "financial product", after which all the rules for combating illegal transactions will apply to it.

 

"The state must know, at every moment, what the costs are to both sides of this financial chain .. the participants in the transactions must have sufficient information about them," Moisyev said, "It is likely that Bitcoin will be widely distributed in Russia."

 

According to Bloomberg, the Russian Central Bank is studying with the government the possibility of introducing digital currencies into banking transactions.

 

In February, the deputy head of the Russian regulator, Olga Skorobogatova, said that the government would decide the matter by mid-2017.

 

Russian officials have repeatedly opposed putting up virtual currencies in the financial market, due to the money laundering and terrorist financing they may be exposed to.

 

And "Bitcoin", a virtual currency designed by an unknown person known as "Satoshi Nakamoto", and is somewhat similar to known currencies such as the dollar, the euro and other currencies.
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How is the "Bitcoin" virtual currency produced?




During the past few months, many news about the virtual "Bitcoin" currency have spread, and this is after the significant increase in its market value and price, as it reached 17 thousand US dollars earlier this month, but there are many questions that still baffle some, The most prominent of which is how Bitcoin is produced.

 


Bitcoin production method
Bitcoin can be produced from anywhere in the world through a process called "mining".

This process requires a long time, a strong computer, and a program dedicated to mining, which is downloaded for free from the Internet.

- The program processes complex algorithms and after that the coin is issued.

The difficulty of the operation depends on the speed and power of the device.

The currency is exchanged between one person and another through a cryptographic key.

 

It is worth noting that the value of Bitcoin now reaches one billion and 200 million dollars, and there are more than 1000 sites on the Internet that accept payment, such as stores, companies and many restaurants.
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A young man accidentally disposes of Bitcoins valued at £ 74 million




An IT worker said that he accidentally threw a hard drive containing hypothetical "Bitcoin" coins, now worth more than £ 74 million, and James Howells notes that the hard drive is now buried under thousands of tons of rubbish in landfills. Waste in Newport, Wales.

Bitcoin is the most famous digital currency in the world at the present time, which is witnessing a staggering increase in its value despite not being owned by the vast majority of people, and the price of Bitcoin reached more than 11,000 US dollars last Sunday night, with its price increasing by 1,000. % Since the beginning of the year.

James explained that he got rid of the hard drive in 2013, and completely forgot that it contains the basis for the currencies that he mined in 2007, and pointed out that there are a large number of people who have been exposed to such incidents because no one expected the value of Bitcoin to reach To this limit.
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Bitcoin trading experience the price of the currency rises by $ 3,000 in one day




For the first time since its emergence, the virtual currency Bitcoin became one of the currencies traded on the Chicago Stock Exchange, after its price exceeded the value of $ 15,000 and $ 460.

Bitcoin for those who do not know it is a virtual digital currency that appeared recently and its price began to rise over time until it reached this figure. This currency, which first appeared in 2009, is based on electronic systems, as it does not have a central bank, and it is bought and sold electronically via digital exchanges.

With the rise in the price of the currency and the start of its circulation on the Chicago Stock Exchange, we tried to conduct a trading experiment as something that many may resort to in the coming period, and with a desire to learn more about this currency and try to provide advice to those who wish to trade, we did this experiment.

Searching for "Bitcoin" in Arabic on the Google search engine is enough to help you start trading. As soon as you type the word, you will find a number of websites in Arabic and English and an explanation of how to trade it.

Trading on these sites is not completely safe. According to the research we conducted on the risks of trading, pirates steal information on different accounts.

Among the sites that allow trading in Arabic, we found a site that confirms that it belongs to the Central Bank, which is something we have not confirmed until writing these words. Do central banks grant legitimacy to this type of site, and what are the central banks that cooperate with it and how.
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