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.
Major companies have also started to prepare themselves for the highly anticipated halving in Bitcoin, where mining rewards will be halved. Figures show that Bitcoin mining companies such as RIOT, Marathon and Cleanspark have reduced BTC sales and switched to the “HODL” strategy.
The fact that Bitcoin ETFs have purchased over 500 thousand BTC since their launch seems to have created a supply shortage. Hut8, one of the largest mining companies, announced that Wall Street banks have contacted them directly to buy Bitcoin.
DWS, one of Germany’s largest asset management companies, has opened Bitcoin and Ethereum ETPs for trading. ETPs started to be listed on the stock exchange today.
Bitcoin Cash (BCH) halving is completed. While block rewards fell by half, the Bitcoin Cash price also increased after halving.
Hedge fund Kerrisdale Capital, famous for its short transactions, published a report suggesting that MicroStrategy stocks were overpriced. This report caused the stock to fall 14% yesterday.
Bitcoin open positions on Deribit, the largest futures exchange, reached a historic level. The positions, which will expire tomorrow, hit a record high of $9.5 billion.
Matt Hougan, who owns one of the companies with a Bitcoin spot ETF product, claimed that the great demand for this area will last for years. Stating that professional investors are still not fully investing in ETFs, the manager said, “Everyone is asking whether this is a flame or a long-term interest. I think the second one…” he said.
An unknown person or organisation removed 2000 Bitcoins earned from mining in 2010 from various wallets and brought them together years later in a single wallet. At that time when BTCs were earned, the price was around $0.2.
One of the areas positively affected by the rise of Bitcoin is the stocks of crypto companies, while short trading investors are convinced that the rally here will end. The value of short positions opened by investors in crypto stocks this year increased to $11 billion.
Blockchain analytics firm Arkham Intelligence announced that it discovered a large Bitcoin transfer two days ago. Arkham stated that $6 billion in Bitcoin was transferred from a wallet that had not moved since 2019 to other wallets on Saturday evening.