RATE Group | Top Bitcoin, Blockchain and Cryptocurrency News And Analysis From January
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Top Bitcoin, Blockchain and Cryptocurrency News And Analysis From January

07 Feb Top Bitcoin, Blockchain and Cryptocurrency News And Analysis From January

Posted at 22:43h in Cryptocurrency News by

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January 1 Bitcoin completes improbable black-swan decade by posting a 9 million percent gain!

Even 10 months after Satoshi Nakamoto mined the first block of bitcoins, bitcoins had no official value. Then in October 2009, a Bitcointalk forum member named “NewLibertyStandard” devised a method of price evaluation based on the amount of energy required to mine bitcoins, giving rise to the rudimentary bitcoin market website which operated as the first-ever bitcoin exchange.

From trading below $0.001 in July 2010 to trading as high as $19,893 in December 2017, Bitcoin positioned itself as by far the best performing asset of the decade. By comparison, S&P 500 tripled in value and gold value rose just 25%, only marginally above the inflation rate for the decade.

January 3 Bitcoin network celebrates its 11th birthday by setting a new hash rate record.

Growing steadily throughout 2019, the Bitcoin network hashrate set a new record of 120 ex-hashes per second (EH/s) which represents a…

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