Bitcoin: Why the cryptocurrency is crashing after rapid gains - News Summed Up

Bitcoin: Why the cryptocurrency is crashing after rapid gains


Here’s a look at Bitcoin and digital currencies in general:How Bitcoin worksBitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously. Getty Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously. The digital payment company Square and its CEO Jack Dorsey – also the CEO of Twitter – have been big proponents of Bitcoin. JAMES BRICKWOOD The digital payment company Square and its CEO Jack Dorsey – also the CEO of Twitter – have been big proponents of Bitcoin. Sharon McCutcheon Digital currencies were seen as replacements for paper money, but that hasn't happened so far.


Source: Stuff May 19, 2021 22:07 UTC



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