Category: Crypto News

InCrypto News

BTC To USD: Convert Bitcoin to United States Dollar

The milestone encouraged new investors into the market, and over the next four months, bitcoin’s price continued to rise – peaking at over $30. Bitcoin mining is the process where miners contribute the processing power of their hardware rigs to solve cryptographic puzzles from each transaction on the Bitcoin blockchain. Miners receive BTC for solving…
InCrypto News

The difference between a cryptocurrency and fiat money

Issuing new difference between fiat money and commodity money is considered a tax on holders of existing currency. Distinguish between commodity money and fiat money, giving examples of each. Bitcoinis not a fiat currency, since it’s not a legal tender issued by the government. Bitcoin is a cryptocurrency backed by blockchain technology and free of…