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Tag: bitcoin

  • Crypto 101

Busting Crypto Myths: “Crypto is not real because you cannot physically hold it”

  • by KrakenFX
  • Posted on February 15, 2023February 14, 2023

  Humanity has long relied on physical currency as a medium for representing and transferring value. Some of the earliest examples of coinage date back many thousands of years. The Mesopotamian shekel is widely believed to be the oldest coin. Western Asian tribes first minted…

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Bitcoin satoshis (SATS)
  • Crypto 101

Crypto 101: The Beginner’s Guide to Bitcoin (BTC)

  • by KrakenFX
  • Posted on January 16, 2023January 18, 2023

Bitcoin is an invention that, for the first time in history, enabled a group of software users to create and manage a digital money supply outside the control of any government or bank.  It helps to think of Bitcoin as a software protocol like those…

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  • Crypto 101

Happy Genesis Block Day!

  • by KrakenFX
  • Posted on January 3, 2023January 3, 2023

On January 3, 2009, the anonymous creator of bitcoin, Satoshi Nakamoto, launched the Genesis Block – the first block in the Bitcoin Blockchain. The event at the time wasn’t celebrated – it was arguably considered a blip in the long history of cryptography and digital…

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  • Crypto 101

Busting Crypto Myths: “Bitcoin is Destroying the Environment”

  • by KrakenFX
  • Posted on December 21, 2022February 24, 2023

Bitcoin’s appetite for energy needs little discussion. For years it’s been a top-of-mind topic for regulators, a major concern among critics, and a frequently misreported feature of the protocol. The specific point of contention lies with bitcoin mining — a resource-intensive, cryptography-based competition that repeats…

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Taproot funding support for bitcoin
  • Announcements

Bitcoin Taproot address now supported on Kraken

  • by KrakenFX
  • Posted on December 19, 2022February 27, 2023

We’re thrilled to announce that Kraken now supports withdrawals to Taproot (Bech32m) Bitcoin addresses! Taproot is an upgrade to the Bitcoin protocol that aims to improve the privacy and efficiency of the world’s first and largest cryptocurrency.  Taproot included three proposals — Schnorr, Taproot, and…

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  • Crypto 101

Busting Crypto Myths: “Bitcoin is a Ponzi Scheme”

  • by KrakenFX
  • Posted on December 16, 2022February 24, 2023

Over the last decade, countless critics have pointed the finger at Bitcoin as being nothing more than an intelligently-orchestrated Ponzi scheme.  Detractors like Brazilian computer scientist Jorge Stolfi argue that the leading decentralized cryptocurrency bears all the hallmarks of a scam named after Italian swindler…

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Bitcoin satoshis (SATS)
  • Crypto 101

Busting Crypto Myths: “I Can’t Buy Bitcoin Because I Can’t Afford One”

  • by KrakenFX
  • Posted on December 14, 2022February 24, 2023

There’s a common misconception among prospective bitcoin buyers that only those with deep pockets can afford to access the market. However, this is simply not the case.  Using exchanges like Kraken, people can buy as little as $10 worth of bitcoin (BTC). This is possible…

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  • Kraken Intelligence

Taking a Break

  • by krakenfx
  • Posted on December 7, 2021December 6, 2021

Bitcoin prices retraced from all-time highs in November — an unexpected turn for what has historically been a positive-yielding month. Will the trend persist into 2022 or is there cause for concern? In their latest report Taking A Break, the Kraken Intelligence team examines the…

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Disclaimer: These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position.

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Kraken is the world’s largest global digital asset exchange based on euro volume and liquidity. Kraken’s global client base trades over 200 digital assets and 8 different fiat currencies, including GBP, AED, EUR, USD, CAD, JPY, CHF and AUD.

Founded in 2011, Kraken was the first U.S. crypto firm to receive a state-chartered banking license, as well as one of the first exchanges to offer spot trading with margin, regulated derivatives and index services. Kraken is trusted by millions of traders, institutions and authorities around the world and offers professional, around the clock online support.

For more information about Kraken, please visit www.kraken.com.

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