Bitcoin cryptocurrency
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Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Nvidia has asked retailers to do what they can when it comes to selling GPUs to gamers instead of miners. Boris Böhles, PR manager for Nvidia in the German region, said: “Gamers come first for Nvidia.”
Bitcoin cryptocurrency
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Bitcoin is a form of hard money that enables peer-to-peer transactions without intermediaries like banks or governments. It operates on a public database called a blockchain that records all transactions transparently and securely.
Bitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions.
The comments, opinions, and analyses expressed on Investopedia are for informational purposes online. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own Bitcoin.
Bitcoin is a form of hard money that enables peer-to-peer transactions without intermediaries like banks or governments. It operates on a public database called a blockchain that records all transactions transparently and securely.
Cryptocurrency regulation
The cryptocurrency industry, while often the target of regulatory actions by the SEC, is not being sued. The SEC targets cryptocurrency issuers and service providers that may be violating existing securities laws.
Cryptocurrency is encompassed in existing money transmission statutes. Ala. Code § 8-7A-2 defines monetary value as “A medium of exchange, including virtual or fiat currencies, whether or not redeemable in money,” and money transmission as “Selling or issuing payment instruments, stored value, or receiving money or monetary value for transmission.” Ala. Code § 8-7A-5 states that “A person may not engage in the business of money transmission” unless they are licensed.
California’s legislature is currently considering a few relevant bills. AB 2269 (passed by the Assembly on May 12, 2022) would “prohibit a person from engaging in digital financial asset business activity” unless “the person is licensed or registered with the Department of Financial Protection and Innovation.” AB 2689 allows private and public entities to accept virtual currency as a method of payment. SB 1275 could similarly allow state agencies to accept cryptocurrency as payment.