Even as altcoins are doing relatively well, some analysts suggest that Bitcoin might plummet below $30,000 by June 2022.
Within a couple of weeks, WazirX saw a dip in trading by 72 percent followed by 52 percent of CoinDCX and 59 percent of ZebPay as reported by MoneyControl.
Meanwhile after El Salvador and Ukraine, now Mexico too is prospecting to make crypto a legal tender.
Decentralised means, the currency is not owned by a private bank or government! Which also means you don’t rely on a middle man or third party for transactions.
There are some estimates that Satoshi’s account might be holding around 1 million bitcoins! Satoshi Nakamoto is also the name of a Nobel nominee in economic science from Japan.
While we may never know who the actual founder is, we will forever be indebted for the incredible digital technology that has transformed the world.
The first known commercial transaction of Bitcoin happened when Laszlo Hanyecz bought two pizzas worth BTC 10,000 from Jeremy Sturdivant.
A blockchain is basically a chain of blocks containing Hash of the preceding block, leading upto the first Genesis block.
If a private key is lost, the bitcoin network will not recognize the evidence of ownership, rendering the holdings unusable and obliviated.
With the advent of Metaverse, it is here to stay as all transactions in the virtual world would be based on virtual currencies of your choice.
Although the Indian government has introduced 30% taxes on all forms of VDAs , Cryptos still doesn’t have a legal status in the country.