Blackcoin Edges Higher after Miserable November, Spring Gains Effectively Gone

Blackcoin (BC) has gotten a bit of a bounce, rising 7% during the past 24 hours to 0.078 mBTC ($0.0295). The gains are but a fraction of the losses experienced over the past eight months. BC has shed as much as 85% of its value relative to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term since its spring peak of 0.55 mBTC.

BC had been repeatedly knocking on the 0.08 mBTC door which had served as a valiant last point of support. Two weeks ago, the barrier finally gave way and BC tumbled to new eight-month lows. November turned out to be a dismal month, at one point seeing BC lose 35% in a span of 10 days.

The new lows have sent BC down to 20th place in market cap rank, now worth $2.2 million, behind lesser-known names such as Fuelcoin, SuperNET and BanxShares. During its peak, it had ranked in the top 10.

Total 24 hour volume has been the equivalent of $125,000, seventh highest among Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. With altcoin exchange MintPal currently offline, BC's main trading venue is BTC38 which currently dominates 80% of traded volume.