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.
Bitcoin’s decline of more than 7% in the last 24 hours hit futures hard. The fear and panic over the Mt. Gox exchange transfers led to the liquidation of more than $685 million worth of crypto positions in the futures markets. Long positions accounted for $590 million of this figure.
As the cryptocurrency world focuses on the Mt. Gox exchange, a new mining difficulty adjustment took place early this morning. Bitcoin mining difficulty dropped 5% to below 80 trillion.
In the cryptocurrency world, the Mt. Gox-related massive selling pressure continues. Following yesterday’s test transfers, the exchange’s bankruptcy administration moved more than $2.7 billion worth of Bitcoin in multiple consecutive transfers overnight.
As the cryptocurrency world awaits the SEC’s final approval of Ether spot ETFs, the agency is also considering Hashdex’s spot ETF product, which holds both Bitcoin and Ether. The SEC began reviewing Hashdex’s 19b-4 filing and initiated the first step in “soliciting comments” on the matter.
Miners, whose earnings almost halved with the halving in April, have seen a serious decline in Bitcoin sales, which peaked at the beginning of this month… While on-chain data also confirms this decline, it is seen that the number of Bitcoins withdrawn from exchanges around 50 thousand per day has dropped below 10 thousand.
While Ether ETFs are expected to open for trading in the US in a few weeks, an important analysis came from crypto management firm Galaxy Digital. Charles Yu, a director of the firm, stated that Ether has structural differences compared to Bitcoin and that this may have a greater impact on the price than Bitcoin.
Veteran investor and analyst Luke Gromen noted that the $130 trillion bond market is bleeding and that money is now flowing into “up-and-coming” sectors such as Bitcoin, gold and equities.
The Bill on the Amendment of the Capital Markets Law, which includes regulations on crypto assets, was passed by the Turkish Grand National Assembly and became law. First of all, the law does not contain tax-related provisions. While the tax issue is kept outside the
Robert Kiyosaki, who has been saying for years that a financial collapse is coming and everyone should buy gold, silver and Bitcoin, evaluated the recent declines in cryptocurrencies. Stating that he invests in the form of “buy and hold”, the famous author said, “If the collapses scare you, sell and hold on tight to your business.”
JPMorgan, one of the world’s largest investment banks, stated that Bitcoin mining companies have started to receive serious investments as they meet the needs of the artificial intelligence world. While the bank highlighted some mining companies in this sense, one of them has a great advantage.