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Follow us on Twitter or join our Telegram. Updated at UTC to add the latest price data. But things intensified again when another Musk-tweeted BTC-themed post, this time a meme, led Michael Saylor, the head of software giant MicroStrategy — a firm that has dominated headlines this year with its corporate bitcoin-buying strategy worth some USD 1.
Whether or not the exchange did have an effect on BTC prices is unknown, but major news agencies like Reuters and Bloomberg appear to have helped its cause by reporting on the story.
Let people gossip. The tragicomedy of life is incomplete without the chorus. Meanwhile, other USA-related developments may also have had a ripple effect on the markets. The New York Times reported that the House of Congress has finally agreed on terms on a USD bn aid package that will see companies and individuals in the country receive more cash handouts from Washington.
Individuals are in line to get USD This means it is the first decentralized digital currency, with a system that works without a central bank or administrator. The network is peer-to-peer and the transactions go between users directly, without an intermediary.
These transactions are then recorded in the public distributed ledger called the blockchain and verified on the network through the use of cryptography. These Bitcoins can be exchanged for other currencies, products, and services.
Bitcoin was originally invented by an unknown person or group under the pseudonym Satoshi Nakamoto and released as open-source software in Bitcoin has long been the face of cryptocurrency, and research produced by the University of Cambridge estimates that in , there are 2.