Bitcoin news: what news for this crypto currency ?

Bitcoin made history as the first cryptocurrency available to the general public. Today, virtual currency has the highest value on the market. It also serves as an indicator for the price of cryptocurrencies.

However, private investors must remain vigilant to avoid unpleasant surprises linked to speculation and the volatility of digital currencies.

How to explain Bitcoin simply ?

The Bitcoin news influence the value of the electronic currency in the same way as shares on the stock market. The rate is based on the principle of supply and demand. A crisis of confidence can therefore cause a depreciation of the asset. Conversely, a surge in popularity will improve its capitalization.

This currency also derives its value from the scarcity, due to its cap of 21 million units.

The maximum quantity announced is inherent to the functioning of the network. As a reminder, the digital currency has been created in 2009 by Satoshi Nakamoto. No one knows the identity of the individual or group behind this pseudonym.

In any case, the inventor of the virtual currency has been writes the initial code of the blockchain (blockchain).

Unlike fiat currencies, cryptocurrency is not neither issued nor managed by banking institutions. It is produced on computer by miners. These must solve complex mathematical calculations to validate transactions on the network and create a new block. In return, they receive a reward in bitcoins. Remuneration is halved after 210,000 blocks are created.

As a result, the premium tends to zero approaching 21 million.

Bitcoin News

The halving was one of the news Bitcoin the most followed by the crypto community. This term refers to the fact that halve the premium for miners. Thus, it has a significant impact on the profitability of participation in the blockchain.

Initially, the Mining was paying 50 BTC per block. The award is currently worth 6.25 BTC, after the last halving in May 2020. The next one is planned for 2024.

You can also buy Bitcoin on specialized platforms instead of mining. Moreover, miners need more and more powerful computers because of the increasing difficulty of the mathematical problems to solve. You must, however, take precautions before you enter the cryptomarket.

On the one hand, bet only the funds you are able to lose. The risks of capital loss are indeed important on this volatile asset. On the other hand, follow the news to anticipate the prices of the virtual currency.

You can maximize your chances of making gains.

Bitcoin, a legal currency in El Salvador

In June 2021, the members of the Salvador have adopted a law integrating Bitcoin with local currencies. The text has been in force since September 7, despite the apprehension of the IMF (International Monetary Fund) and the World Bank. President Nayib Bukele, meanwhile, was particularly enthusiastic on Twitter as the date approached.

The head of state also announced the acquisition of 400 bitcoins (about $20.9 million), according to the’article from Siècle Digital. Through this innovation, the country aims to improve the financial inclusion of the population. Traditional financial services are still inaccessible for 70% of Salvadorans. However, analysts fear the impact of the volatility of this cryptocurrency.

France's position on Bitcoin

El Salvador has captured the public's attention in the Bitcoin news since the beginning of the second half of 2021. It is indeed the first state to recognize this virtual money as a currency that is legal in its territory. The cryptocurrency will eventually cover daily transactions in several countries, according to Cardano creator Charles Hoskinson.

The France, for its part, remains cautious vis-à-vis the virtual economy. However, it has not provided specific regulations for all alternative currencies like BTC. For the time being, institutional is limited to raising awareness against these highly volatile assets. They also give various tips on how to choose an Internet browser, an exchange site, tokens, virtual wallets..

For more security, the Banque de France and the AMF encourage you to use platforms approved by the ACPR. The French government has also put in place a legal framework to govern ICOs (initial coin offerings) as of 2018. However, the country is quite skeptical about the massive adoption of virtual currencies. If successful, the Salvadoran experience could nevertheless change this situation.*