Friday, March 5, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

BITCOIN BONANZA: Cryptocurrency soars in value, Las Vegas casinos, business embrace

2 weeks ago
in Private
2 min read
BITCOIN BONANZA: Cryptocurrency soars in value, Las Vegas casinos, business embrace
Share on FacebookShare on Twitter


LAS VEGAS (KTNV) — There’s a lot of buzz around bitcoin which continues to sit near all-time value highs and the cryptocurrency is moving into mainstream usage in society.

Watch Good Morning Las Vegas at 5 and 6 a.m. Feb. 18 to see the full story.

Bitcoin was born in the depths of the Great Recession and financial meltdown of 2008 and 2009.

RELATED: Bitcoin 101: Everything you need to know about bitcoin

It was a social experiment which challenged the very idea of currency and who has control over it.

More than a decade later the cryptocurrency, specifically Bitcoin, is taking a big jump in value and in adaptation.

“A few years ago I spent $400 on .3 Bitcoin,” said Scott Roeben, founder of VitalVegas.com and amateur Bitcoin investor.

“I literally had no idea what it was, I saw the Bitcoin ATM at The D and I got .3 and now it’s worth $10,000,” explained Roeben.

Roeben jokes he is far from a seasoned investor and says if he can make that kind of profit, others likely can as well.

“Bitcoin really hasn’t had a huge amount of penetration in the world, so I think we’re just in the early stages of it and it’s pretty cool in a form that even a lay person can understand, if you want to buy it or trade it,” said Roeben.

To understand how Bitcoin works, it’s important to understand why is was created in the first place.

“The reason that the original cryptocurrency, which is Bitcoin, was created, essentially to prove a point, that a currency could exist without a middleman,” explained Jackie Morck, CEO of Totum Block.

Totum Block is a company that helps develop the technology, which supports and makes cryptocurrency possible.

Morck says our current financial system works by people earning money issued by the government.

Banks control and record the transactions using their private ledgers.

But cryptocurrency, like Bitcoin, eliminates the government and banks from the equation.

In place of the government and banks are computers and servers which record the transactions using publicly held networks call a blockchain.

The blockchain records and time stamps the transactions and allows the currency to begin moving among people.

“Bitcoin is no different, it’s a digital currency that is accepted as having value and that value can be converted to the dollar, so it’s no different than us bringing cash from another country and converting it for whatever the exchange rate is,” explained Morck.

The exchange rate for Bitcoin has exploded in recent years with dramatic swings both up and down.

In 2009, it was worth 1 cent per unit.

By December 2017, one Bitcoin was valued at more than $19,000.

Weeks later, the value plunged and by December 2018 a single Bitcoin was worth about $3,300.

RELATED: Financial Focus: Bitcoin having an impressive year

Fast forward to February 2021, Bitcoin has blasted to new highs close to $42,000 per unit then dropping again settling near $30,0000 per unit.

Recently, prominent people like billionaire Elon Musk have given Bitcoin a boost by giving the cryptocurrency…



Read more:BITCOIN BONANZA: Cryptocurrency soars in value, Las Vegas casinos, business embrace

Related articles

Ex-Prudential Securities CEO: Bitcoin ‘Attractive Part of Almost Any Portfolio’ –

Ex-Prudential Securities CEO: Bitcoin ‘Attractive Part of Almost Any Portfolio’ –

March 5, 2021
TechX Technologies Signs Letter of Intent with CryptoBuddy

TechX Technologies Signs Letter of Intent with CryptoBuddy

March 4, 2021
Tags: 13 action news13 investigatesbit coin and las vegas apartmentsBitcoinbitcoin and apartmentsbitcoin and slot machinesbitcoin newsbitcoin news todayBlockchainBONANZAbusinessCasinosCryptocurrencyEmbraceIGTJackie MorckLasSoarsVegas

Related Posts

Ex-Prudential Securities CEO: Bitcoin ‘Attractive Part of Almost Any Portfolio’ –

Ex-Prudential Securities CEO: Bitcoin ‘Attractive Part of Almost Any Portfolio’ –

by Bitcoin Market
March 5, 2021
0

In brief George Ball sees some risks coming from the Fed stimulus. Cash and Bitcoin could help hedge those...

TechX Technologies Signs Letter of Intent with CryptoBuddy

TechX Technologies Signs Letter of Intent with CryptoBuddy

by Bitcoin Market
March 4, 2021
0

VANCOUVER, BC, March 4, 2021 /PRNewswire/ - TechX Technologies Inc. ("TechX'' or "the Company'') (CSE: TECX) (OTC: TECXF) (FRA:...

Bitcoin Group SE with strong start into 2021- Integration of Bitcoin Deutschland AG

Descartes Systems: Fiscal Q4 Earnings Snapshot

by Bitcoin Market
March 4, 2021
0

BloombergA $21 Trillion Treasuries Mystery Is Bedeviling Global Markets(Bloomberg) -- Bond traders have been saying for years that liquidity...

India’s largest crypto exchange crossed $2 billion in trading volumes in Feb

India’s largest crypto exchange crossed $2 billion in trading volumes in Feb

by Bitcoin Market
March 3, 2021
0

NEW DELHI: India’s top cryptocurrency exchange nearly doubled its trading volumes month-on-month in February, despite fears of a government-imposed...

Human Rights Foundation Announces $70,000 In Bitcoin Development Grants

Human Rights Foundation Announces $70,000 In Bitcoin Development Grants

by Bitcoin Market
March 3, 2021
0

Today, the Human Rights Foundation (HRF) has announced four new grants as part of its Bitcoin Development Fund, a...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
Which stocks, investment trusts and funds are people adding to their ISA and SIPPs?

Which stocks, investment trusts and funds are people adding to their ISA and SIPPs?

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Which stocks, investment trusts and funds are people adding to their ISA and SIPPs?

Which stocks, investment trusts and funds are people adding to their ISA and SIPPs?

March 5, 2021
Best PSUs For Crypto Mining: Reliable Power Supplies for Ethereum

Best PSUs For Crypto Mining: Reliable Power Supplies for Ethereum

March 5, 2021
Ex-Prudential Securities CEO: Bitcoin ‘Attractive Part of Almost Any Portfolio’ –

Ex-Prudential Securities CEO: Bitcoin ‘Attractive Part of Almost Any Portfolio’ –

March 5, 2021
Mark Cuban Argues Bitcoin Is Better Than Gold, Telling Peter Schiff ‘Gold Is Dead,

Mark Cuban Argues Bitcoin Is Better Than Gold, Telling Peter Schiff ‘Gold Is Dead,

March 5, 2021
Cryptocurrencies Will Have Their ‘Amazon Moment’ After Coinbase Debuts on the Stock

Cryptocurrencies Will Have Their ‘Amazon Moment’ After Coinbase Debuts on the Stock

March 5, 2021
Market Wrap: Bitcoin Falls to $48K as Fed’s Powell Makes No New Promises; Ether Drops

Market Wrap: Bitcoin Falls to $48K as Fed’s Powell Makes No New Promises; Ether Drops

March 5, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$47,302.00-4.95%
  • bitcoin-cashBitcoin Cash(BCH)$485.26-6.64%
  • binance-coinBinance Coin(BNB)$224.28-7.59%
  • bitcoin-goldBitcoin Gold(BTG)$27.27-4.42%
  • bitcoin-privateBitcoin Private(BTCP)$0.334-2.46%
  • blocktixBlocktix(TIX)$0.0140.00%