While its popularity has been on the rise in recent years, Bitcoin remains a subject about which the majority of people still have little knowledge. Uzmancoin.com, since 2017, has been striving to provide its readers with the fastest and most accurate Bitcoin news and content to guide them.
Bitcoin, which was introduced to the market in 2009, is considered by some as a currency, by others as digital gold, and by others as an investment or speculative asset after approximately 11 years. As a highly volatile asset, Bitcoin can serve different purposes for everyone and continues to become more widespread with each passing day.
The most important feature and value proposition of the cryptocurrency, launched in 2009 by the mysterious creator Satoshi Nakamoto, is its decentralized nature. This means that the leading cryptocurrency in terms of market value is not subject to any authority. Bitcoin derives its power from this characteristic. Its production is generally carried out today with specialized hardware known as ASICs, and the supply of Bitcoin is limited to 21 million. Bitcoin can be bought and sold through cryptocurrency exchanges or ATMs.
While its popularity has been on the rise in recent years, Bitcoin remains a subject about which the majority of people still have little knowledge. Uzmancoin.com, since 2017, has been striving to provide its readers with the fastest and most accurate Bitcoin news and content to guide them.
Bitcoin, which was introduced to the market in 2009, is considered by some as a currency, by others as digital gold, and by others as an investment or speculative asset after approximately 11 years. As a highly volatile asset, Bitcoin can serve different purposes for everyone and continues to become more widespread with each passing day.
The most important feature and value proposition of the cryptocurrency, launched in 2009 by the mysterious creator Satoshi Nakamoto, is its decentralized nature. This means that the leading cryptocurrency in terms of market value is not subject to any authority. Bitcoin derives its power from this characteristic. Its production is generally carried out today with specialized hardware known as ASICs, and the supply of Bitcoin is limited to 21 million. Bitcoin can be bought and sold through cryptocurrency exchanges or ATMs.
Singapore-based trading and consulting firm QCP Capital stated in its latest report that Bitcoin will continue to be stuck in a certain range in the short term. Company analysts said, “The implied volatilities are indicating hesitation in the market, as front-end vols have drifted lower.” they said.
US presidential candidate Donald Trump’s support for Bitcoin and cryptocurrencies was an unexpected development for the whole world. It turned out that it was David Bailey and his two friends who convinced Trump, who was against cryptocurrencies about 3 years ago, about Bitcoin. The trio also organised the ‘round table’ meeting at Trump’s home in Mar-a-Lago.
What time is Powell’s speech today? Fed Chairman Jerome Powell’s highly anticipated speech will be held on Friday, August 23 at 10.00 a.m ET. The speech to be held in Jackson Hole is of critical importance for the markets, as Powell’s messages may provide important clues about the future of the global economy. Especially those who are curious about possible cuts in interest rates will find answers in Powell’s speech. Jerome Powell’s speech is being followed with great attention due to its possible effects on market expectations and economic decisions. Fluctuations in the global economy, the course of inflation and employment…
Bitcoin and markets are volatile with the delay in the revision of employment figures to be announced in the US today. The figures, which should be announced at 10:00 a.m ET under normal conditions, have not yet been published. This situation caused a significant movement
Crypto research firm K33 Research wrote that while funding rates are at negative levels, open positions have increased sharply, creating a favourable ground for short squeeze.
Famous businessman Elon Musk, who clearly sided with Donald Trump in the US elections, showed an inflation reaction to the Biden government from the X account. Musk stated that the government spends much more money than it earns and is constantly printing new money to cover this difference.
Analysts at Bernstein, which predicted a Bitcoin price of $200,000 for the end of 2025, evaluated Bitcoin mining companies in detail in their latest reports. Analysts stated that they expect high performance from 4 companies in the coming period.
The South Korean National Pension Fund (NPS), which announced in May that it will allocate 65% of its assets to risky investment instruments, continues its Bitcoin expansion. The fund management recently bought 24,500 MicroStrategy shares worth $33.7 million.
Marathon Digital, seen as the world’s largest Bitcoin mining company, obtained $300 million from the sale of private bonds and bought 4144 BTC with $250 million of this amount. It was announced that the average purchase was $59,500. The total number of Bitcoins owned by the company exceeded 25 thousand.
The long-standing war between Bitfarms and RIOT companies has reached another level. RIOT increased its shareholding in Bitfarms to 18.9%. However, Bitfarms founder Nicolas Bonta could not withstand the pressure from RIOT Platforms and left his seat.