About This Source - ABC News (Australia)
The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.
Recent from ABC News (Australia):
ABC News (Australia) published this video item, entitled “Cryptocurrency investors cashing in big during the pandemic | Finance Report” – below is their description.
Investors in the cryptocurrency bitcoin have been cashing in big in recent months, but its been a bumpy ride. After crashing in price four years ago, it’s once again soared back to record highs.ABC News (Australia) YouTube Channel
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In This Story: Bitcoin
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.
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In This Story: Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.