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Payments giant Visa has said it will start using ethereum as a way of recording cryptocurrency transactions. Following it\u2019s fall in mid April, the price of bitcoin had an equally dramatic increase on 26 April \u2013 rising almost 10% in 12 hours. Hailed by fans as a market-disrupting liberation, and demonised by critics as a dangerous, volatile creation, bitcoin and other cryptocurrencies are never out of the headlines for long. Currency market<\/a> From January, UK cryptocurrency investors may find it slightly more difficult to buy into bitcoin. And even if they haven’t driven its rise this time, casual investors have also climbed into the cryptocurrency to help push it over the top. Instead it has been about other cryptocurrencies, most notably dogecoin and ethereum. Both have seen new all-time highs in recent days, with their gains making bitcoin’s look modest.<\/p>\n The identity of the mastermind behind bitcoin is a Japanese developer who goes by the pseudonym \u201cSatoshi Nakamoto\u201d, The Daily Telegraphsays. Ted Nelson, one of the web’s founding fathers, has suggested Nakamoto is actually mathematician Shinichi Mochizuki. The \u201canonymity\u201d of these transactions has made the currency particularly popular with drug dealers, says ABC News.<\/p>\n Bitcoin, the best-known and first major cryptocurrency, launched in 2009 and remains the market leader. Its market capitalisation \u2014 effectively its total worth \u2014 is $1.017bn, as at April . SafeMoon is another new cryptocurrency that aims to cut out the banks with the use of financial tokens . Bear in mind that neither of these are widely used and because they are so new, the risks could be higher. One cryptocurrency that has gained a huge following since its launch in 2015 is ethereum . The concept of digital monies that people send online is not that complicated in itself \u2014 after all, transferring money from one online bank account to another is doing exactly that.<\/p>\n\n
Bitcoin Faqs<\/h2>\n