Bitcoin (CURRENCY:BTC) traded down 0.1% against the US dollar during the 1-day period ending at 13:00 PM E.T. on January 26th. One Bitcoin coin can now be bought for about $3,654.65 on popular exchanges including Coincheck, Instant Bitex, Fatbtc and Sistemkoin. Over the last seven days, Bitcoin has traded 5.3% higher against the US dollar. Bitcoin has a market cap of $64.07 billion and $5.91 billion worth of Bitcoin was traded on exchanges in the last 24 hours.
Here’s how other cryptocurrencies have performed over the last 24 hours:
- Bitcoin Cash (BCH) traded 2% lower against the dollar and now trades at $124.20 or 0.03395213 BTC.
- Steem (STEEM) traded 1.3% higher against the dollar and now trades at $0.29 or 0.00008036 BTC.
- Unobtanium (UNO) traded down 18.6% against the dollar and now trades at $70.84 or 0.01936584 BTC.
- Namecoin (NMC) traded 0.9% lower against the dollar and now trades at $0.65 or 0.00017700 BTC.
- Counterparty (XCP) traded 0.4% higher against the dollar and now trades at $1.68 or 0.00045941 BTC.
- Crown (CRW) traded up 2.9% against the dollar and now trades at $0.11 or 0.00002897 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0385 or 0.00001111 BTC.
- Terracoin (TRC) traded down 13.6% against the dollar and now trades at $0.0193 or 0.00000528 BTC.
- ATBCoin (ATB) traded 0.3% higher against the dollar and now trades at $0.0093 or 0.00000255 BTC.
- Zetacoin (ZET) traded up 2.3% against the dollar and now trades at $0.0015 or 0.00000041 BTC.
Bitcoin Coin Profile
Bitcoin (CRYPTO:BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was January 3rd, 2009. Bitcoin’s total supply is 17,530,900 coins. The official website for Bitcoin is bitcoin.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official message board for Bitcoin is bitcointalk.org. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed here.
According to CryptoCompare, “Balances – block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing – mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.”
Buying and Selling Bitcoin
Bitcoin can be bought or sold on the following cryptocurrency exchanges: LocalTrade, Bitstamp, Coinsquare, OOOBTC, ABCC, Cryptopia, Cobinhood, Coinone, Coincheck, Instant Bitex, YoBit, Ovis, CoinEgg, Coinbe, IDAX, Liquid, Cryptonex, Vebitcoin, Coinbase Pro, Coinroom, Gate.io, LakeBTC, CPDAX, xBTCe, Kryptono, DragonEX, Exmo, MBAex, Exrates, LBank, Bibox, Livecoin, InfinityCoin Exchange, CoinsBank, QuadrigaCX, HADAX, Gemini, Bitbank, BigONE, LATOKEN, Coindeal, BitMEX, Bitlish, Hotbit, Sistemkoin, CEX.IO, ZB.COM, bitFlyer, FCoin, Covesting, BCEX, OKEx, BiteBTC, ChaoEX, Coinhub, Kraken, Trade By Trade, Mercatox, Paribu, Iquant, Coinsuper, DigiFinex, Bitsane, BTCBOX, CoinTiger, B2BX, OEX, Zaif, BitBay, Bithumb, itBit, Upbit, Poloniex, Bitinka, Bit-Z, Huobi, CoinEx, Allcoin, Kucoin, DOBI trade, Fatbtc, BitMart, UEX, Tidex, GOPAX, RightBTC, Simex, HitBTC, BtcTrade.im, BitForex, Bittrex, C2CX, BTC-Alpha, TOPBTC, IDCM, Negocie Coins, Korbit, Binance, Bitfinex, CoinBene and EXX. Investors seeking to trade Bitcoin using US dollars directly can do so using Gemini, GDAX or Coinbase.
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