News about Bitcoin

More / Bitcoin Reddit - 2 years ago

“Who would pay $100k for a bitcoin?”

It’s an exchange rate, not a price tag. The exchange rate between the USD and Iranian Rial is $1 to 42,250 rial. If you had a hunch that that exchange rate was going to $1 to every $100,000, you’d probably hang onto that dollar rather than asking “w...

More / Bitcoin Reddit - 2 years ago

4 million Bitcoin lost forever

Many have lost their Bitcoin over the years. No one knows for sure how many of those coins are gone forever or how much of that can be recovered. However, according to Chainalysis data, about 20-25% of bitcoins are believed to be lost forever. That...

More / Bitcoin Reddit - 2 years ago

Bitcoin Spot ETF approved for Australia

https://bitcoinmagazine.com/business/australias-top-securities-regulator-says-it-will-approve-bitcoin-etfs The Australian Securities And Investments Commission (ASIC) has given early approval to fund managers seeking to launch Bitcoin spot exchange t...