CommunityNews

CommunityNews

Bitcoin hits new record of $50,000

Digital currency Bitcoin has risen to a new record high of more than $50,000 (£36,000).

The so-called cryptocurrency, which was created by an unknown inventor, has risen about 72% this year.

Bitcoin and other cryptocurrencies are generated by computers. Part of its supposed value comes from the finite number that can be computed.

But regulators have warned that they are risky, since their value can change fast, both downwards and upwards.

This thread was posted by one of our members via one of our news source trackers.

Most Liked

dorgan

dorgan

I use it to receive donations and pay my vps. Government regulations on foreign currency is too heavy and converting ARS to USD costs me quite a lot of money.

I don’t think it’s very usable for day to day payments, but if you need to bypass stupid government restrictions, nothing beats it imho.

Doubling my savings these last 3 months was a nice bonus though.

malloryerik

malloryerik

Well you can’t lend or borrow BTC because of the wild volatility so there’s no real banking possible, but I can see usefulness as a cross-border payments system or a store of wealth if you’re in a place with broken currency and/or financial institutions. So maybe if I were in Venezuela I’d love BTC?

AstonJ

AstonJ

The UK now has UWOs - so for the largest cases (they probably don’t care so much about smaller transactions) they could probably find out through serving a UWO:

An unexplained wealth order (UWO) is a type of court order issued by a British court to compel the target to reveal the sources of their unexplained wealth.[1] UWOs were introduced by sections 1–2 of the Criminal Finances Act 2017 and are governed by sections 362A–362T of Part 8 of the Proceeds of Crime Act 2002. Persons who fail to account are liable to have assets seized after an enforcement authority, such as the National Crime Agency (NCA), makes a successful appeal to the High Court.

From: Unexplained wealth order - Wikipedia

Where Next?

Popular Other Fields topics Top

ErlangSolutions
2020 has seen a significant uptick in the number of companies looking at adding Digital Wallets and tokenization to their offerings. On o...
New
New
First poster: bot
Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests. “Mining” for the cryptocu...
New
First poster: Jsdr3398
Digital currency Bitcoin has risen to a new record high of more than $50,000 (£36,000). The so-called cryptocurrency, which was created ...
New
First poster: bot
As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin. Tesla CEO Elon Musk said Tesla wou...
New
CommunityNews
How Blockchains Work Chances are, you know what Bitcoin is. After all, it’s valued at over $47,000 per Bitcoin right now. This post isn’t...
New
First poster: bot
El Salvador has become the first country in the world to officially classify Bitcoin as legal currency. Congress approved President Nayi...
New
First poster: bot
Fans of crypto-currencies say they are the future of money - but at what cost?
New
RobertRichards
Blockchain technology is set to play a transformative role in the future of online casino game development. By offering enhanced transpar...
New
CommunityNews
Web3’s evolution: From privacy dreams to blockchain’s financial reality. How does cryptography fit in?
New

Other popular topics Top

PragmaticBookshelf
Design and develop sophisticated 2D games that are as much fun to make as they are to play. From particle effects and pathfinding to soci...
New
brentjanderson
Bought the Moonlander mechanical keyboard. Cherry Brown MX switches. Arms and wrists have been hurting enough that it’s time I did someth...
New
AstonJ
Thanks to @foxtrottwist’s and @Tomas’s posts in this thread: Poll: Which code editor do you use? I bought Onivim! :nerd_face: https://on...
New
AstonJ
Just done a fresh install of macOS Big Sur and on installing Erlang I am getting: asdf install erlang 23.1.2 Configure failed. checking ...
New
PragmaticBookshelf
Create efficient, elegant software tests in pytest, Python's most powerful testing framework. Brian Okken @brianokken Edited by Kat...
New
PragmaticBookshelf
Programming Ruby is the most complete book on Ruby, covering both the language itself and the standard library as well as commonly used t...
New
PragmaticBookshelf
Author Spotlight: Peter Ullrich @PJUllrich Data is at the core of every business, but it is useless if nobody can access and analyze ...
New
First poster: bot
zig/http.zig at 7cf2cbb33ef34c1d211135f56d30fe23b6cacd42 · ziglang/zig. General-purpose programming language and toolchain for maintaini...
New
CommunityNews
A Brief Review of the Minisforum V3 AMD Tablet. Update: I have created an awesome-minisforum-v3 GitHub repository to list information fo...
New
AnfaengerAlex
Hello, I’m a beginner in Android development and I’m facing an issue with my project setup. In my build.gradle.kts file, I have the foll...
New