Bitcoin and other cryptocurrencies plunged on Friday as the market cools off following a huge rally this year. Bitcoin (₿) is a cryptocurrency invented in by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in when its implementation was released as open-source software. @Bitcoin. Bitcoin is an open source censorship-resistant peer-to-peer immutable network. Trackable digital gold. Don't trust; verify.
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Who Is Satoshi Nakamoto? This threat to existing currency could motivate governments to want to take legal action against bitcoin's creator. Hackers can also target bitcoin exchanges, gaining access to thousands of accounts and digital wallets where bitcoins are stored. Bitcoin is a type of cryptocurrency. Bitcoins are a rival to government currency and may be used for black market transactions, money laundering, illegal activities, or tax evasion.