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.
Cryptocurrency funds completed last week with a net inflow of $321 million. According to analysts at CoinShares, the main reason for this positive outlook was the Fed’s 50 basis point interest rate cut. Outflow in Ether funds again As always, the most inflows were in
While the world financial markets are discussing whether the US will enter a recession, renowned analyst Will Clemente made a comment highlighting the long-term value of Bitcoin. Clemente suggested that the mass working and living on a certain salary income will end the chance to buy 1 Bitcoin in the coming period. Clemente also claimed that the Fed will lose control over inflation in the coming period.
Bitcoin managed to rise above $64,700 in these night hours. The 50-basis-point Fed cut last week, gold breaking record after record, Bitcoin option approval from the SEC and Kamala Harris’ words of support for the industry seem to be the main reasons for the rise for the moment.
MicroStrategy, which announced the sale of $1 billion in bonds today, announced that it purchased 7420 Bitcoin. Purchases were made between September 13-19. The company announced that $500 million of the $1 billion bond sale will be reserved for debt payments and the rest for Bitcoin purchases. About 1 hour after this announcement, new BTC purchases were announced.
The theft of $240 million worth of Bitcoin from a person by 3 hackers was one of the most vocal news of the day in the USA. The hackers, who deceived the alleged Genesis company creditor with the lie that they were Google Support employees, stole more than 4 thousand BTC and spent them on a luxurious lifestyle. A wide investigation, including crypto researchers and the FBI, brought these people to an end.
Five wallets that were mining during the years when Satoshi Nakamoto, the creator of Bitcoin, was active, were activated at the same time and about 15.6 years later. It is not known whether the wallets are linked to each other or belong to the same person. 50 BTC per wallet and 250 BTC in total were transferred to new addresses.
Analysts at Standard Chartered, which has previously published reports that Bitcoin could reach $150,000 by the end of 2024 and $250,000 by the end of 2025, stated that they expect a short-term rally in the largest cryptocurrency.
DBS, considered the largest bank in Singapore and Asia, has added a new one to its crypto services for years. The bank will provide over-the-counter Bitcoin and Ether option transactions, also known as OTC. Although no specific date is given, activities are expected to start in the Q4 of this year.
Known for its high mountains and abundant water resources, Bhutan, which provides a large part of the energy in the country from hydroelectric power plants, was found to have $760 million worth of Bitcoin. The country, which has 13 thousand Bitcoins, obtained all BTCs from mining activities.
Crypto funds, which have seen serious outflows of up to $1.2 billion recently, completed last week with a net inflow of $436 million. ‘Short-Bitcoin’ funds also turned negative after 3 weeks.