Bitcoin is back this year in the news , and not necessarily for the
best reasons. As we know,Early in the news year, the prices of the virtual currency crashed by 30% in a matter of days. And more recently, a suspected Ponzi scheme vanished with as much as $386 million, leaving its in Hong Kong customers in the lurch.
But there's been good news too that Coinbase Startup had a record-breaking funding round for the industry, and established a US-based exchange.That sounds great & NOT oNLY this the Winklevoss twins also plan to launch their own competitor called Gemini in the coming months, aiming to take Bitcoin "Mainstream."
Either way, Bitcoin isn't going away any time soon, so it's important to understand how it works. Reuters has put together an infographic explaining the basics of the virtual currency, from transactions to mining.
But there's been good news too that Coinbase Startup had a record-breaking funding round for the industry, and established a US-based exchange.That sounds great & NOT oNLY this the Winklevoss twins also plan to launch their own competitor called Gemini in the coming months, aiming to take Bitcoin "Mainstream."
Either way, Bitcoin isn't going away any time soon, so it's important to understand how it works. Reuters has put together an infographic explaining the basics of the virtual currency, from transactions to mining.
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