Mystery wallet buys as Bitcoin falls: 1700 BTC in two days
A whale that started buying Bitcoin at peak levels in March has collected a total of 3760 Bitcoins less than a month later.
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.
Hong Kong spot Bitcoin ETFs may start in late April: CEO of OSL
Hong Kong accepted Bitcoin and Ether spot ETFs yesterday, and experts are wondering when they will be launched in the region. “Spot BTC ETF may start in late Aprilt,” said the CEO of OSL, which will be a service provider to two major Chinese companies.
Bitcoin dips to $62,000 again: Geopolitical tensions still persist?
Bitcoin, which started to drop sharply on Friday evening and fell below $61,000 on Saturday, started to fall again with the news that Israel would respond to Iran, although it saw a certain recovery as of yesterday. The price plunge further eroded altcoins.
Crypto funds see $126 million in weekly outflows
The movements in cryptocurrencies, which declined with the Iran-Israel tension in the minutes when the markets closed on the last working day of the week, were not fully reflected in the funds. While there was a net outflow of $126 million from crypto funds, Bitcoin saw an outflow of $110 million and Ethereum an outflow of $29 million. Surprise inflows to altcoin funds also attracted attention.
Germany’s largest federal bank to offer crypto custody services
Germany’s largest state-backed federal bank, Landesbank Baden-Württemberg (LBBW), known as the most financially powerful country in Europe, will start providing crypto custody services to its corporate clients. The bank has also partnered with the Bitpanda exchange for this service.
Wallet from ‘Satoshi era’ moves after 14 years
One account that earned 50 BTC during Bitcoin’s early mining days became active for the first time since April 23, 2010, and sent its BTC to the Coinbase exchange.
“The halving tends not to be priced in,” says BitGo CEO: The event will see “real changes”
Just days before Bitcoin halving, which will cut miner rewards in half, Matt Ballensweig, head of BitGo, claimed that the halving is still not priced in. Ballensweig defended his argument by using ETFs as an example.
Hong Kong approves Bitcoin and Ethereum ETFs
Hong Kong, which has taken important and positive steps on cryptocurrencies in the last 2 years, has finally approved Bitcoin and Ether spot ETFs. The Securities and Futures Commission, the country’s regulator, officially approved the requests, including applications made by major Chinese companies.
Bitcoin ‘halving’ could deal a $10 billion blow to crypto miners
As the halving, which will cause miners’ rewards, which are of great importance for the security of the system in the Bitcoin blockchain, to be halved, the daily number of BTC added to the supply will decrease from 900 to 450. Bloomberg, one of the US media, stated that this situation could bring a total loss of $10 billion to miners.
Bitcoin and altcoins drop sharply: $870 million destruction in derivatives market
Iran’s airstrike on Israel caused sharp declines in the cryptocurrency market. While Bitcoin retreated to $60,000 levels, some altcoins lost more than 30% of their value. In the derivatives market, there was a destruction of $870 million.