Two whales purchase two cryptocurrencies as Bitcoin soars
Bitcoin, which fell to $66,000 last week, rose above $69,000 again as of this morning, while the purchases of Ether and PEPE by the two whales did not go unnoticed.
Bitcoin News
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.
Elon Musk faces a $7.5 billion lawsuit
Tesla CEO Elon Musk was sued over a $7.5 billion sale in 2022. The lawsuit alleges that Musk made this sale with inside information.
Japan’s new Mt. Gox case: $300 million in Bitcoin stolen
The Japan-based DMM Bitcoin exchange was hacked and $300 million worth of Bitcoin was stolen from the exchange. The company will compensate those who suffered losses.
Tether’s new investment for Bitcoin mining: They signed a deal with Bitdeer
Tether, which reached an agreement with US Bitcoin service provider Swan for mining operations in the past weeks, has now invested in Bitdeer. The investment of up to $100 million includes an additional investment option of $50 million.
Analyst Peter Brandt: “Bitcoin will rise 3-fold against gold”
Peter Brandt, one of the experienced analysts known in the financial world, said that Bitcoin’s rise against gold will continue in the next 1 year. “Bitcoin will be 3-fold more valuable against gold,” Brandt said in his comment.
NYSE to list options products that track Bitcoin spot price
The New York Stock Exchange has partnered with Coindesk’s index unit. The exchange will create and list cash-settled options products that track the spot price of Bitcoin. Approval from the regulator will be required to list these products.
ARK CEO Cathie Wood meets with President Bukele of El Salvador
El Salvador, which made Bitcoin an official currency in 2021 and has been making regular Bitcoin purchases since then, hosted important names in the world of cryptocurrency and economics. President Bukele; While meeting with names such as Cathie Wood, Art Laffer and David Puell, Max Keiser and his wife Stacy Herbert, who live in El Salvador, also took part in the meeting.
Million-dollar Bitcoin wallet’s lost password found 10 years later
$3 million worth of Bitcoins were stored in a wallet whose lost password was found years later after much effort. The owner of the Bitcoins said that he would sell some of them and keep most of them until the price reached $100,000.
US healthcare company announces Bitcoin purchase
Semler Scientific, an American health technology company, announced that it has acquired 581 Bitcoins, paying an average of $40 million. The company also announced that it accepts Bitcoin as a reserve asset.
Big step from Bitcoin miner RIOT: Offer for a rival company
RIOT Platforms, one of the largest Bitcoin miners in the US and the world, announced that it intends to fully acquire Bitfarms, another mining company, and has made an offer to the company’s board of directors. RIOT also announced that it has acquired a 9.25% stake in Bitfarms, making it the company’s largest shareholder.