{"id":9416,"date":"2022-07-20T13:09:53","date_gmt":"2022-07-20T13:09:53","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=9416"},"modified":"2022-07-20T13:09:53","modified_gmt":"2022-07-20T13:09:53","slug":"bitcoin-rises-5-11-to-23564-93","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/bitcoin-rises-5-11-to-23564-93\/","title":{"rendered":"Bitcoin rises 5.11% to $23,564.93"},"content":{"rendered":"<p>Bitcoin rises 5.11% to $23,564.93. Bitcoin rose 5.11% to $23,564.93 at 22:05 GMT on Tuesday, adding $1,145.77 to its previous close.<\/p>\n<p>Bitcoin, the world\u2019s biggest and best-known cryptocurrency, is up 33.9% from the year\u2019s low of $17,592.78 on June 18.<\/p>\n<p>Ether , the coin linked to the ethereum blockchain network, dropped 0.33% to $1,575.88 on Tuesday, losing $5.27 from its previous close.<\/p>\n<p>Bitcoin (\u20bf) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.<\/p>\n<p>Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.<\/p>\n<p>The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.<\/p>\n<p>The currency began use in 2009when its implementation was released as open-source software.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/us-dollar-hits-historic-high-of-rs214-in-interbank.html\">US dollar hits historic high of Rs214 in interbank<\/a><\/strong><\/em><\/p>\n<p>Bitcoin has been described as an economic bubble by at least eight Nobel Memorial Prize in Economic Sciences recipients.<\/p>\n<p>The word bitcoin was defined in a white paper published on 31 October 2008. It is a compound of the words bit and coin.<\/p>\n<p>No uniform convention for bitcoin capitalization exists; some sources use Bitcoin, capitalized, to refer to the technology and network and bitcoin, lowercase, for the unit of account.<\/p>\n<p>The Wall Street Journal, The Chronicle of Higher Education, and the Oxford English Dictionary advocate the use of lowercase bitcoin in all cases.<\/p>\n<p>It is also not uncommon for cryptocurrency in general to be called &#8220;bitcoin&#8221; (in a similar sense to &#8220;Xerox&#8221; being used for any photocopier) by people unfamiliar with crypto, but such usage is discouraged.[citation needed]<\/p>\n<p>A few local and national governments are officially using bitcoin in some capacity; El Salvador and the Central African Republic have adopted Bitcoin as legal tender, while Ukraine is accepting bitcoin donations to fund the resistance against the Russian invasion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rises 5.11% to $23,564.93. Bitcoin rose 5.11% to $23,564.93 at 22:05 GMT on Tuesday, adding $1,145.77 to its previous close. Bitcoin, the world\u2019s biggest and best-known cryptocurrency, is up 33.9% from the year\u2019s low of $17,592.78 on June 18. Ether , the coin linked to the ethereum blockchain network, dropped 0.33% to $1,575.88 on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":9417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6254],"class_list":["post-9416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bitcoin"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/9416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=9416"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/9416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/9417"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=9416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=9416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=9416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}