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.
The eyes of the whole world were in Argentina today. The South American country went to the polls to elect its president. The election was completed at 18.00 local time and the results were announced about two hours later. Accordingly, pro-Bitcoin candidate Javier Milei won
Nate Geraci, president of advisory firm ETF Store, said spot Bitcoin ETF applications could be approved this week. In his assessment, Geraci, citing Bloomberg ETF analyst James Seyffart, stated that the SEC’s eight-day period for ETF approvals has begun. Geraci emphasized that there is a
As Bitcoin surged in price, miners’ sales accelerated. According to data compiled by TheMinerDag, the 13 largest public Bitcoin mining companies sold more BTC than they produced during October. The largest mining companies, such as Marathon Digital and Core Scientific, have a sales-to-production ratio of
ARK Invest, a company headed by Cathie Wood and known for its investments in crypto and technology stocks, sold some of Grayscale’s GBTC shares and bought Block shares.
QCP Market, one of the world’s major cryptocurrency service providers, noted in its latest report that ETF approval expectations are not behind the rises in Bitcoin. The company claimed that ETF approvals will push the largest cryptocurrency even higher.
After ending October on a bullish note, Bitcoin’s past November performances have been characterized by significant price increases. While the largest cryptocurrency has experienced partial declines in some bear seasons, it has also shown tremendous rises in the November months of some years.
Tesla financial results, eagerly awaited by Bitcoin investors, have been announced. According to the report, the electric vehicle giant did not sell any Bitcoin in the third quarter and continued to hold its assets. Elon Musk’s Tesla made its first and last Bitcoin purchase in
While it is now certain that Bitcoin spot ETF applications will be accepted by the SEC, the only issue under discussion is the timing of the approvals. CryptoQuant, on the other hand, stated in its report that the SEC approval will increase the market cap of Bitcoin by 150 billion dollars in the first place, and with additional investments to be made later, the total market value could increase by another 900 billion dollars.
Bitcoin developer Robin Linus is proposing to bring off-chain smart contracts to Bitcoin without the need for a soft-fork. The developer, who has also published a white paper called BitVM, claims that “anything can be computed on the Bitcoin network”, just like on the Ethereum network.
A wallet dating back to May 2016 and dormant for 6 years transferred 2995 Bitcoins worth $82.3 million to 2 new wallets.