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HISTORY HEIST
Cryptocurrency

Cryptocurrency

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. Since then, numerous other cryptocurrencies have been created. These are frequently called altcoins, as a blend of alternative coin. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.“ His goal was to invent something; many people failed to create before digital cash.

After seeing all the centralized attempts fail, Satoshi tried to build a digital cash system without a central entity. Like a Peer-to-Peer network for file sharing. This decision became the birth of cryptocurrency. They are the missing piece Satoshi found to realize digital cash. The reason why is a bit technical and complex, but if you get it, you‘ll know more about cryptocurrencies than most people do. So, let‘s try to make it as easy as possible:

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Chronological History of Cryptocurrency Below:

John McAfee Arrested In Spain And Charged With Tax Evasion And Promoting Initial Coin Offerings

John McAfee Arrested In Spain And Charged With Tax Evasion And Promoting Initial Coin Offerings

A little over a year after former tech guru (and one-time presidential candidate) John McAfee was arrested in the Dominican Republican (aboard a yacht carrying high-caliber weapons, ammunition and military-style gear), and two months after a "fake arrest" for wearing a thong mask... ... on Monday the eccentric millionaire was arrested - this time for real - in Spain, where he is awaiting extradition to the US ...
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YouTube 'Mistakenly' Banned Hundreds of Bitcoin Videos

YouTube ‘Mistakenly’ Banned Hundreds of Bitcoin Videos

Google-owned video giant YouTube recently removed hundreds of cryptocurrency-related videos, apologizing shortly afterward and promised to reinstate banned videos and channels. So far, many are still offline. Decrypt.co reports that Google-owned video hosting website YouTube removed a large number of Bitcoin and cryptocurrency-related videos from its site earlier this week in what the site has now claimed was an “error.” YouTube has since stated that it would ...
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HSBC Closes Account Used to Support Hong Kong Protesters

HSBC Closes Account Used to Support Hong Kong Protesters

For months on end, Hong Kong has been the scene of intensive confrontation between pro-democracy activists and its Beijing-supported government. It now seems the financial establishment has taken a side in this conflict. Banking giant HSBC has decided to close an account used to support the protest movement in the special administrative region of China. Account Collecting Donations for Demonstrators Suspended The corporate account was closed ...
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Bitcoin Milestone: Bitcoin’s Value Exceeds That of Gold

Bitcoin Milestone: Bitcoin’s Value Exceeds That of Gold

March 3, 2017, saw Bitcoin reach a milestone that tech website Engadget has deemed “a weird but auspicious moment in human history.” That’s because, on that day, the worth of one unit of the cryptocurrency – then $1,238.11 – exceeded that of the value of an ounce of gold, which was priced at $1,237.73 by Bloomberg Markets. Just 38 cents were in it – but it ...
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Silk Road, an Open Marketplace with few Restrictions where sometimes Illegal Drugs were Traded, Is Closed and the Value of Bitcoin Plummets

Silk Road, an Open Marketplace with few Restrictions where sometimes Illegal Drugs were Traded, Is Closed and the Value of Bitcoin Plummets

Since its creation in early 2011, Silk Road had been operating as a dark web marketplace for sometimes illegal drugs. And given the site’s wares, it’s understandable that the FBI had been tracking its operations very closely. Agent Chris Tarbell, in particular, had been searching for the identity of the mysterious “Dread Pirate Roberts,” and when he found the IP address that seemed to suggest the location ...
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