Bitcoin was the world’s first decentralized currency when it was established in 2009. It is essentially a digital currency “mined” using complex calculations performed by computers, and little is known about its owner, other than the pseudonym Satoshi Nakamoto.
Some believe that this is the code name for the group of Bitcoin founders, while others argue that it was invented by a single person. This has risen in value thanks to recent interest from companies like Tesla.
In recent months, the UK’s financial watchdog, the FCA, has launched a crackdown on how cryptocurrencies are being advertised amid an increase in money pouring into investments in the hopes of making high profits, and the coin’s stellar performance has also seen a rise in scammers eager to take advantage of people looking to make money from Cryptocurrency rise.
“Investing in crypto assets, or investments and related lending, generally involves taking a high risk with investors’ money,” the FCA said, adding that this also means that people should make sure they understand what they are investing in, the risks associated with the investment, and any Regulatory protection applies.
Bitcoin Cryptocurrency Tesla Bitcoin Inventor Satoshi Nakamoto British Financial Supervisory Authority