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.
US-based Bitcoin mining company Marathon Digital also announced its Q1 figures. The company mined 2811 Bitcoins worth $176 million in the first 3 months of 2024. The company, which has $1.6 billion in liquidity, stated that it also holds Bitcoin in this amount.
Bitcoin mining difficulty fell by 5.63%, the sharpest drop in 1.5 years. The difficulty level, which decreased at a time when miners were experiencing serious difficulties after the halving, last dropped this much in December 2022 during the FTX crisis.
As Bitcoin has gradually fallen this week to below $62,000, the founders of Glassnode stated on X that a price of $85,000 could be seen before the summer months.
The Biden administration has announced that it will veto a proposal that would allow large financial institutions such as banks to provide custody services for cryptocurrencies.
Tether, the company behind the largest stablecoin USDT, and Bitcoin-focused service provider investment firm Swan have reached an agreement on mining activities. According to the statement, Tether has allocated a significant amount of money for mining activities through Swan, but the figure was not disclosed.
On April 20, the Bitcoin reward halving cut the system’s rewards to miners in half, but interest in the Runes protocol and its transaction fees made up for the shortfall. However, by May, Runes interest, and therefore transaction fees, returned to normal levels. For miners who earned an average of 6 million dollars per day in the first 4 months of 2024, this figure is now below $3 million…
Economist Henrik Zeberg, who said “It’s time to cool down now” in his evaluation in March, when Bitcoin reached its peak of 74 thousand dollars, and in a way predicted the decline to the level of 56 thousand dollars, put forward two conditions for the rise in Bitcoin. Zeberg, who also gave time, also expressed his bullish expectation for JASMY.
A new one has been added to the long-sleeping wallet movements that we have started to see very frequently recently. A Bitcoin wallet that has not moved for 10.3 years transferred all BTC worth $44 million to another wallet this morning.
Starting on January 3, 2009 with the “Genesis block”, the number of transactions on the Bitcoin blockchain surpassed 1 billion for the first time. It took 800 weeks and 5603 days to reach this figure.
US Senator Elizabeth Warren, known for her harsh stance against Bitcoin and cryptocurrencies for years, wrote a letter to the Biden government and various organizations, this time mentioning Bitcoin mining in Iran. “This ongoing crypto mining activity by the Iranian government threatens our national security,” the senator said, noting that Iran allowed Bitcoin mining in 2019.