bitcoin

[ bit-koin ]

noun

(often initial capital letter) a type of digital currency that uses state-of-the-art cryptography, can be issued in any fractional denomination, and has a decentralized distribution system: stores and online businesses that accept Bitcoin.
a single unit of this currency: the current value of a bitcoin.

Origin of bitcoin

First recorded in 2005–10; bit³ + coin

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Last year, the country was only second to Nigeria in bitcoin trading in Africa.
Jack Dorsey and Jay Z invest 500 BTC to make Bitcoin ‘internet’s currency’ | Manish Singh | February 12, 2021 | TechCrunch
The bitcoin network has a decentralized architecture that puts it beyond the reach of any government.
Mastercard will support cryptocurrencies—but not the ones you think | Timothy B. Lee | February 11, 2021 | Ars Technica
When the news of the purchase became public on Monday, the value of the world's bitcoin rose by about $90 billion while the value of Tesla rose by about $8 billion.
The meme economy is making skilled people rich | Felix Salmon | February 9, 2021 | Axios
The move is a major sign of support for bitcoin and could encourage other major companies to follow suit in accepting the world’s most popular cryptocurrency.
Tesla invests $1.5 billion in bitcoin, will start accepting it as payment | Taylor Telford | February 8, 2021 | Washington Post
A growing number of mainstream organizations have chosen to add bitcoin to their investment portfolios, pushing up the currency's value.
Tesla buys $1.5 billion in bitcoin, sending its price soaring | Timothy B. Lee | February 8, 2021 | Ars Technica

bitcoin began 2013 with a roaring price of $770 per unit, and businesses right and left were converting to the ethereal product.
You Were Wrong About Miley & Bitcoin: 2014’s Failed Predictions | Nina Strochlic | December 31, 2014 | THE DAILY BEAST
Certainly the bitcoin community continues to treat Karpeles as a pariah.
Vilified Bitcoin Tycoon After Losing $500 Million: My Life Is at Risk | Nathalie-Kyoko Stucky | September 17, 2014 | THE DAILY BEAST
The bitcoin community and press have vilified Mark Karpeles, the CEO of Mt. Gox, as a clown and a con man.
Vilified Bitcoin Tycoon After Losing $500 Million: My Life Is at Risk | Nathalie-Kyoko Stucky | September 17, 2014 | THE DAILY BEAST
Those who are enthusiastic about bitcoin should be more careful about making sure they avoid harm.
Vilified Bitcoin Tycoon After Losing $500 Million: My Life Is at Risk | Nathalie-Kyoko Stucky | September 17, 2014 | THE DAILY BEAST
It all started in 2010, when a French client asked me, “Could I pay in bitcoin?”
Vilified Bitcoin Tycoon After Losing $500 Million: My Life Is at Risk | Nathalie-Kyoko Stucky | September 17, 2014 | THE DAILY BEAST

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