Bitcoin Trading Up 19.2% This Week (BTC)

Bitcoin (CURRENCY:BTC) traded 4.9% higher against the US dollar during the 1 day period ending at 19:00 PM Eastern on August 7th. During the last week, Bitcoin has traded 19.2% higher against the US dollar. One Bitcoin coin can currently be purchased for about $11,962.67 on major cryptocurrency exchanges including Negocie Coins, Huobi, Korbit and ABCC. Bitcoin has a market capitalization of $213.70 billion and approximately $22.00 billion worth of Bitcoin was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

  • Bitcoin Cash (BCH) traded 2.8% higher against the dollar and now trades at $341.65 or 0.02854652 BTC.
  • Steem (STEEM) traded down 2.3% against the dollar and now trades at $0.20 or 0.00001690 BTC.
  • Unobtanium (UNO) traded 1.7% higher against the dollar and now trades at $119.91 or 0.01002317 BTC.
  • Namecoin (NMC) traded up 8.1% against the dollar and now trades at $0.82 or 0.00006817 BTC.
  • Counterparty (XCP) traded up 0.2% against the dollar and now trades at $2.08 or 0.00017403 BTC.
  • Crown (CRW) traded up 1.8% against the dollar and now trades at $0.0795 or 0.00000665 BTC.
  • Terracoin (TRC) traded 4.1% higher against the dollar and now trades at $0.0406 or 0.00000339 BTC.
  • CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
  • Zetacoin (ZET) traded up 7% against the dollar and now trades at $0.0022 or 0.00000018 BTC.
  • UnbreakableCoin (UNB) traded flat against the dollar and now trades at $0.11 or 0.00001757 BTC.

Bitcoin Coin Profile

Bitcoin (BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on January 3rd, 2009. Bitcoin’s total supply is 17,863,862 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official website for Bitcoin is bitcoin.org. 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 these cryptocurrency exchanges: BigONE, LakeBTC, Bitinka, YoBit, Mercatox, BitMEX, LBank, Bitlish, DOBI trade, BCEX, Ovis, Gate.io, Bitbank, OOOBTC, Simex, BTCBOX, Bittrex, Coincheck, LATOKEN, Huobi, FCoin, Cryptonex, Coinone, Liquid, Kucoin, Coinhub, Tidex, Bibox, MBAex, Fatbtc, DigiFinex, HADAX, BitForex, Livecoin, itBit, Vebitcoin, Coindeal, BtcTrade.im, Gemini, RightBTC, Bitsane, QuadrigaCX, ChaoEX, CoinTiger, Binance, LocalTrade, Hotbit, bitFlyer, Bitstamp, OKEx, ZB.COM, GOPAX, Coinsuper, CPDAX, CoinBene, Coinsquare, UEX, Upbit, HitBTC, Bitfinex, Bit-Z, Exmo, Kraken, Coinroom, B2BX, Iquant, Coinbase Pro, BitBay, TOPBTC, Korbit, BTC-Alpha, Instant Bitex, InfinityCoin Exchange, DragonEX, ABCC, IDAX, CEX.IO, C2CX, Bithumb, IDCM, Poloniex, CoinEgg, Zaif, xBTCe, Kryptono, Cobinhood, BitMart, Trade By Trade, BiteBTC, Coinbe, CoinsBank, Paribu, OEX, CoinEx, Sistemkoin, Cryptopia, EXX, Covesting, Allcoin, Negocie Coins and Exrates. Investors seeking to trade Bitcoin using US dollars directly can do so using GDAX, Gemini or Changelly.

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