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.
As the halving in Bitcoin made the largest cryptocurrency much more talked about around the world, the notebook that wrote “Buy Bitcoin”, known since 2017, was sold for 16 BTC, valued at about $1 million.
Fidelity’s digital asset arm, one of the companies with a Bitcoin spot ETF product, stated in its latest report that there has been an increase in the number of wallets holding at least $1,000 in Bitcoin, which is positive for the growth trend.
The DOG-GO-TO-THE-MOON (DOG) token was airdropped yesterday to accounts holding Runestone Ordinals project inscriptions. This made the newly minted coin instantly the most owned Runes token. The meme coin’s market capitalization also surpassed $340 million.
Morgan Stanley is reportedly conducting research on the risk management of Bitcoin spot ETFs and may allow its more than 15,000 brokers to recommend these products to their clients.
ViaBTC, the mining pool that managed to mine the first block after the halving, auctioned the first satoshi it obtained. For this satoshi, which is currently worth $1.65, 1.7 BTC (approximately $112,000) has been offered.
PayPal, one of the world’s largest payment companies, and EnergyWeb, an organization that aims to accelerate the transition to renewable energy, will give Bitcoin to Bitcoin miners who emit less carbon. The two organizations have also set up a platform to track the energy used by miners.
Crypto funds closed another week in the minus. A net $206 million came out of funds last week. Bitcoin funds sold $192 million and Ether funds sold $34 million. Experts say that investor appetite in ETFs continues to decline and the main reason for this is the view that the Fed will support the high interest rate environment for longer than expected.
Bitcoin transaction fees, which broke a historic record with the launch of the Runes protocol after the reward halving that took place on the night between Friday and Saturday, almost crashed yesterday and this morning and started to return to normal. Medium priority transactions are hovering around $10. Bitcoin price has been increasing since the morning hours.
The 840,000th block in which the Halving took place paid much more in transaction fees than usual. The fees paid in the blocks following the Halving block also reached millions of dollars. In total, $54 million has been spent on transaction fees in less than 24 hours. The previous daily record was $24 million. How did this occur?
Bitcoin halving offically happened and block rewards have dropped from 6.25 BTC to 3.125 BTC.