Connect with us


Why Bitcoin is the King of Cryptocurrencies?




Bitcoin, the first and most well-known cryptocurrency, has cemented its position as the king of the digital currency world. There are several reasons why Bitcoin has maintained its dominance over the years and why it is considered the gold standard of the cryptocurrency market.

The First Cryptocurrency, Ever!

First, Bitcoin has the longest track record of any cryptocurrency. It was created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Since then, it has undergone multiple market cycles and has proven its resilience through various challenges. This track record has instilled a sense of trust and confidence in investors, making it the most widely recognized and accepted cryptocurrency.

The Largest Market Capitalization

Second, Bitcoin has the largest market capitalization of any cryptocurrency. As of January 2021, the market capitalization of Bitcoin is over $700 billion, which is significantly higher than the market capitalization of any other cryptocurrency. This large market capitalization is a result of its widespread adoption and acceptance by individuals and institutions around the world.

Strongest Network

Third, Bitcoin has the strongest network effect of any cryptocurrency. The network effect refers to the value of a network increasing as more people join it. This is particularly relevant for Bitcoin, as the more people who use it and the more transactions that are processed on the network, the more valuable it becomes. This has led to a self-reinforcing cycle of adoption, as more people adopt Bitcoin, the more valuable it becomes, which in turn attracts even more users.

Resistant to Censorship

Fourth, Bitcoin’s decentralized nature makes it more resistant to censorship and government control than traditional currencies or other centralized cryptocurrencies. Transactions on the Bitcoin network are processed by a decentralized network of computers, which makes it difficult for any single entity to control or manipulate the network. This has led to its use as a digital store of value and medium of exchange in countries with unstable economies, where traditional currencies have failed.

The Largest Community

One of the key factors that has contributed to Bitcoin’s success and dominance in the cryptocurrency world is its large and active community. The Bitcoin community is made up of individuals and groups from all over the world who are passionate about the technology and its potential to change the financial industry.

The community is diverse, with members ranging from tech enthusiasts and libertarians to investors and merchants. They all share a common belief in the potential of Bitcoin to create a more decentralized and transparent financial system.

The community is also highly active, with regular meetups, conferences, and online forums where members can share information, discuss new developments, and collaborate on projects. This level of engagement and cooperation has led to the development of a wide range of tools, services and applications built around Bitcoin and the blockchain technology it’s based on.

The community also plays a vital role in maintaining the security and integrity of the Bitcoin network. They are responsible for verifying transactions and maintaining the network’s consensus rules. They also propose and vote on protocol changes to improve the network’s scalability and security.

Additionally, the community is also actively involved in promoting Bitcoin adoption and educating the public about the technology. Many members run their own businesses, such as exchanges, wallets and other services, to make it easier for people to buy, store, and use Bitcoin. There are also many non-profit organizations that aim to spread awareness and educate people about the benefits of Bitcoin.


In conclusion, Bitcoin’s longevity, large market capitalization, strong network effect, and decentralized nature have all contributed to its position as the king of cryptocurrencies. Despite the emergence of many other cryptocurrencies, Bitcoin continues to dominate the market and is likely to remain the most valuable and widely adopted cryptocurrency for the foreseeable future.

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at [email protected]


Craig Wright’s “Satoshi Nakamoto” Claim Debunked in UK Court Ruling

June G. Bauer



The mysterious identity of Satoshi Nakamoto, the inventor of Bitcoin, has been a burning question in the crypto world for over a decade. Several self-proclaimed candidates have stepped forward claiming to be Nakamoto, but their assertions have been widely doubted or disproven. One of the most vocal Nakamoto claimants is Australian computer scientist Craig Wright, but a recent UK court ruling has decisively undermined his case.

In a lawsuit brought by the Crypto Open Patent Alliance (COPA), a group representing crypto companies, the British High Court judge firmly rejected Wright’s claim to be the creator of Bitcoin. The evidence presented in court exposed critical flaws and deception in Wright’s story.

According to the lawyer representing COPA, Jonathan Hough, Wright’s insistence on being Satoshi Nakamoto amounted to “a brazen lie and an elaborate false narrative supported by forgery on an industrial scale.” Hough argued that Wright had provided fabricated documents, backdated file edits, and even indications of using AI language models like ChatGPT years before they were publicly available.

The judge, Justice Mellor, found the evidence overwhelmingly against Wright’s claims. In an unusually swift ruling, he stated unequivocally: “Dr. Wright is not the inventor of Bitcoin” and “Dr. Wright is not the author of the Bitcoin white paper, and he is not the person who adopted the name Satoshi Nakamoto.”

This legal setback is just the latest blow to Wright’s efforts to establish himself as the elusive Bitcoin creator. In a separate case in 2018, Wright was sued for fraud by the estate of the late Dave Kleiman, an American computer scientist considered by some to be a potential Nakamoto candidate. Wright lost that lawsuit as well and was ordered to pay $100 million in damages.

As the crypto community continues to speculate about Satoshi Nakamoto’s true identity, Craig Wright’s claims have been definitively dismissed by the UK court. The mystery endures, leaving open the question – who was the brilliant mind behind the revolutionary blockchain technology and the world’s first cryptocurrency? Only time may unravel the details shrouding Bitcoin’s enigmatic origins.

Continue Reading


Former IcomTech CEO Admits Guilt in Cryptocurrency Ponzi Scheme




In a recent development, Marco Ochoa, the former CEO of IcomTech, has pleaded guilty to a conspiracy to commit wire fraud charge in the United States District Court for the Southern District of New York. This admission of guilt is tied to the infamous Ponzi scheme orchestrated by IcomTech during Ochoa’s tenure as CEO, which lasted from the company’s inception in 2018 until 2019.

The U.S. Department of Justice, in an official statement, revealed that IcomTech enticed investors with the promise of daily returns on investment products, all under the guise of being a cryptocurrency mining and trading enterprise. To attract unsuspecting customers, the company went to great lengths, including hosting extravagant expos and community events on a global scale. Additionally, IcomTech introduced its own digital token, known as an “Icom.”

However, the shocking truth emerged that the company did not engage in cryptocurrency mining activities as claimed. Worse yet, investors found themselves unable to access the profits they believed were accumulating in their accounts. This deceitful scheme eventually unraveled, leading to the company’s collapse in late 2019.

In the aftermath, legal charges were filed against Marco Ochoa and other high-ranking IcomTech executives in November 2022. As a result of his guilty plea, Ochoa now faces a maximum prison sentence of 20 years.

This latest revelation serves as a stark reminder of the importance of due diligence when investing in the cryptocurrency space. It highlights the need for investors to exercise caution and skepticism, especially when confronted with promises of unrealistically high returns. As the cryptocurrency market continues to evolve, staying informed and making informed decisions remains paramount to protect oneself from fraudulent schemes like the one perpetrated by IcomTech.

Continue Reading


Robert Kiyosaki’s Bold Prediction: Citibank Tokens vs. Bitcoin and the US Dollar




In a recent tweet that sent shockwaves through the cryptocurrency community, renowned author and financial literacy advocate Robert Kiyosaki ignited a spirited debate about the future of Bitcoin and the US dollar. The tweet read:

This bold statement has raised questions about the impact of traditional financial institutions like Citibank embracing blockchain technology and its potential implications for both Bitcoin and the US dollar.

Citibank, one of the world’s leading financial institutions, made headlines by announcing its entry into the blockchain arena. The bank revealed its plans to leverage blockchain technology to create Citibank tokens, which will be backed by institutional savings. These tokens aim to facilitate instantaneous cross-border transactions, operating 24/7 without the limitations of traditional banking hours or international borders.

Bitcoin, often hailed as “digital gold” and a store of value, has faced both optimism and skepticism since its inception. While some see it as the future of global finance, others view it as a speculative asset prone to volatility. Citibank’s move to introduce its blockchain-based tokens could potentially challenge Bitcoin’s status as the premier digital asset.

Citibank’s tokens, backed by the credibility and stability of a major financial institution, may attract investors seeking a more secure and regulated digital asset. This development could lead to increased competition between Bitcoin and Citibank’s blockchain-based tokens, potentially impacting Bitcoin’s market dominance.

The US dollar, long considered the world’s primary reserve currency, has faced its share of challenges in recent years, including inflation concerns and geopolitical uncertainties. Citibank’s blockchain technology could potentially offer an alternative means for cross-border transactions that is not reliant on the US dollar.

As more institutions adopt blockchain-based solutions like Citibank’s, the traditional financial system’s reliance on the US dollar may gradually diminish. This could have far-reaching consequences for the global financial landscape, including potential shifts in currency preferences and a reduced role for the US dollar in international trade.

Continue Reading