Category: Uncategorized

The world’s economic leaders set July as the deadline for the first step towards cryptocurrency regulation at the G20 meeting.

Argentina Central Bank Governor Frederico Sturzenegger speaking after the G20 meeting of finance ministers and central bank governors in Buenos Aires. He said that member states agree that cryptocurrencies have to be studied, but more information is needed before any regulation can be recommended.. However, Sturzenegger stated that July has been set as the deadline for member states’ proposals for regulations.

Meanwhile, not every country agrees on the regulation of cryptocurrencies.. On Monday, Brazilian Central Bank Governor Ilan Goldfajn stated that cryptocurrencies will not be regulated in his country.. Financial officials from France and Germany stated in a joint letter that cryptocurrencies could pose significant risks for investors.. US Treasury Secretary Steven Mnuchin and another Japanese government official have expressed concern over their use in illegal activities.. In addition, Bank of England Governor Mark Carney, who chairs the G20’s Financial Stability Board, said that “crypto assets” currently do not pose a risk to global financial stability. made a global call for a series of regulations, but it is not known how much possible regulations were discussed.

On the other hand, Deputy Prime Minister Mehmet Şimşek, who took part in this meeting, said on his personal Twitter account after the meeting, “The message is very clear: Cryptocurrencies should be avoided.. Blockchain technology, on the other hand, can revolutionize service delivery in many areas.”

The second meeting is expected to take place tomorrow at the G20 Presidency office.

According to Axiom Zen’s announcement yesterday, Ethereum-based crypto cat game CryptoKitties will split into its own company from its creator, Canadian blockchain startup Axiom Zen, after raising $12 million in its first venture capital fund. Private venture capital firm Andreessen Horowitz, whose portfolio includes various technology companies such as Coinbase, Twitter, Facebook and Airbnb, and Union Square, an investment bank with shares in Coinbase and numerous other large technology companies, led the investment tour.

Axiom. Roham Gharegozlou, CEO of Zen and CryptoKitties, said he plans to use the funds to grow his team.. “We are very excited about CryptoKitties and the potential of crypto collectibles,” Gharegozlou told Business Insider. He said.

They sold virtual kitty for $110,000

The Ethereum-based application, which gained great popularity after its launch in December 2017, created unique digital cats built on users’ ERC-721 tokens. allows you to buy, collect, produce and exchange. The intense interest in the application created congestion on the Ethereum network and resulted in the delay of the token sale.. Users of the game have sold $23.2 million on the game since its inception, and the kitties have changed hands 331,269 times.. The highest amount ever paid for a kitty has been $110,000.

Meanwhile, among CryptoKitties’ angel investors, Coinbase co-founder Fred Ehrsam, AngelList CEO Naval Ravikant, and Zynga founder Featuring Mark Pincus.

With Bitcoin, the entire crypto market has witnessed yet another one of the most horrific crashes. What is the reason for this drop, which led to $ 9 billion in liquidation in the markets?

Why did Bitcoin crash?

Tonight, a 12.3% drop occurred in Bitcoin in 20 minutes; price hits low$50,900 on Binance.

Three main reasons for the drop that led to $9 billion in liquidation in crypto markets:

• 1. Money laundering investigation alleged to be initiated by the US Department of the Treasury
• 2. Decline in mining operations based in China
• 3. Rumors about Coinbase
• 4. Increase in funding rates

1. US Department of the Treasury money laundering investigation

First; The drop was triggered by a tweet claiming that the US Treasury is investigating financial institutions for illegal use of crypto.

Famous crypto lawyer Jake Chervinsky has expressed doubts about the reliability of the news.. And “It is not possible for the Treasury to claim money laundering; stated that this falls within the remit of the Department of Justice (DOJ), which corresponds to the Department of Justice in the USA.. Moreover, he said that there are no reports of the allegations.

After the sharp price action sparked by this tweet, which doesn’t even have a reliable source, the bearish pressure continued to increase in the market.

2. Decline in mining activities

Bitcoin miners have also been hit hard after operations were halted in the entire Xinjiang region due to an accident at a coal mine in China last week. While it controlled more than 70% of (mining power), the outage in just one region caused Bitcoin’s hash power to drop by 40%.

This major change has raised concerns about China’s dominance of the crypto market, which The outage in the region affected almost half of the total hash power.

3. Rumors about Coinbase

Finally; Rumors that Coinbase executives were selling their COIN shares yesterday also took a toll on the Coinbase-influenced rising market sentiment last week.. The COIN dropped from a peak of $430 to $309 a day after its launch.

However, financial experts disputed these claims.. And they said that there is confusion here and that the inability to distinguish between real stocks and options contracts leads to a kind of misunderstanding.

CFA’s Eric Yakes, who brought the subject up on Twitter, deleted the tweet he posted. Meanwhile, some experts, including CoinShares CFO Meltem Demirors, stated that Coinbase executives only turned their assets into hedge funds, and this figure is still probably over 90%.

4. Decrease in funding rates and liquidations

While market sensitivity was adversely affected by all these; There was massive selling pressure last night after the tweet about the US Treasury Department.

Long positions using extreme leverage, especially Binance, are almost completely liquid. Increased sales as traders were forced to sell at these prices. This had a domino effect on prices.

More than $9 billion in positions, mostly long orders, were liquidated and approximately 50% of the funds that were liquid in the market belonged to Binance users.. Exchanges such as Huobi, ByBt, and Okex have also been liquidated over $1 billion.

The funding rate* for perpetual contracts has dropped to levels not seen since the March 2020 crash.. The largest liquidation since the crash could be a sign that the worst is over. .

Futures exchanges such as BitMEX and Binance Futures use this mechanism called “funding” to maintain market balance.. While the overwhelming majority of market participants are placing long contracts, short holders are incentivized by a fee or vice versa.

Retesting local bottoms, available in the coming days

However, the funding rate of Bitcoin perpetual contracts (around 50 percent per annum) on Binance showed an upward trend again; which is seen as a worrying signal in the near term.

Source

The Litecoin Cash fork is expected to take place on February 19. Forks are becoming more and more common in the cryptocurrency industry.. This week, Litecoin founder Charlie Lee warned people not to trust or invest in Litecoin Cash.. Litecoin Cash apparently has nothing to do with the original LTC. He’s just using this name to raise interest and trick people..

There is no connection between Litecoin Cash and Litecoin makers

One of the biggest problems with cryptocurrencies right now is that anyone can start their own money claiming it’s something different and they can scam and steal people’s money. That’s why governments are trying to make some adjustments to prevent these things.. The purpose of the unrelated altcoin is to increase the block speed at which the network can process transactions.. The creators claim that LCC has a target block time of 2.5 minutes, with transaction fees faster than LTC and 90% cheaper. The fork will be at block 1371111 on Feb. 19, but Lee and the Litecoin team say Litecoin Cash has nothing to do with them.. When there are forks, one of the biggest factors that attracts people to these forks is the emerging cryptocurrency which is given the equivalent amount for free.. They claim that the LCC founders are offering 10 free LCC coins for every Litecoin user just because they sought support in this way.. In this downtrend, we can say that this interest in Litecoin, which has increased by 15% in the last 24 hours after a one-month decline, is at a high level..

Which exchanges will support the Litecoin Cash fork has not been announced

But there is one thing to be aware of. To get the free LCC altcoin, a private key from your Litecoin wallet must be transferred to the new Litecoin Cash wallet.. This is inherently risky and should not be attempted. There are some workarounds but they involve risk. Also, the LCC team did not provide a secure option to buy the coins and did not elaborate on which exchanges it would support.. As we’ve seen in the Bitcoin community before, a fork isn’t just a split in the chain.. Founders and fans are also divided. Forks can be dangerous and are full of scam coins. So be careful. Bitcoinist

Who owns Mila Su? Mila Su, which has made a name for itself in the industry where giant beverage companies such as Sırma, Hayat, Erikli and Hamidiye are located, seems to appear much more in the future.. So, who owns Mila Su, which has continued without destabilizing since the day it was founded?

Who owns Mila Su?

Recently, Emir Gear and his wife Dilara Geyik Disli we answered the questions about. If you ask who these names are, the son and daughter-in-law of Davut Dişli, owner of Mila Su.. You may have seen that Mila Su was promoted before the quiz show and many videos on Dilara Geyik Dişli’s Youtube channel.. Mila Su, a new player in the market, was once owned by Sırma Grup owner Davut Dişli.. Davut Dişli, who sold Sırma Su to the French Danone company about 7-8 years ago, started her new beverage company Mila Su, although she did not leave here completely.. Currently in cooperation with some contracted points, Mila Su may take its place in many local, national markets and online applications in the coming days.

Who owns Mila Su?

Mila Su owns Davut Dişli, as we mentioned above. Known especially for his Fenerbahçe fandom, Dişli is famous for putting his hand under the stone when appropriate.. He even assumed the second presidency of Fenerbahçe for a period.. Disli, who now supports Ali Koç, is one step behind in football compared to the past, but his fondness for yellow and dark blue colors can not tear him away from football.. Already his youngest son, Eren Dişli, takes an active role in various Fenerbahçe Associations.. Known for his close friendship with President Recep Tayyip Erdoğan, Davut Dişli is known as the person who brought revolutionary innovations among beverage companies in Turkey.. This success that Mila Su achieved in such a short time could only have been thanks to Davut Dişli, who gave years to the industry.. Davut Dişli, originally from Rize, was born in Sakarya and has 3 sons..

Research conducted between 2017 and 2018 on North Korean President Kim Jong-un and his cyber attack team was published today. In the researches, it was stated that a total of 882 million dollars of crypto money was stolen and this crypto money theft was constantly increasing and approaching almost 1 billion dollars. Together with the instruction, they are responsible for stealing 571 million dollars, which corresponds to 65% of the 882 million dollars stolen in the world. It has been claimed that the hacker group, which works under .net and allegedly gained a very good status thanks to the money they offered to Kim, did not work for their own pleasure, but because of Kim’s request for “money”. It was announced that 3 different methods were used effectively in the attacks on the stock exchanges, among which password theft, invisible software-programs and information-social engineering methods were used very effectively. Whether or not North Korea will make a statement on this matter in the future, as it is closed to the world, remains a mystery.

Turkish Crime Family hacker group leader Kerem Albayrak’s threat to Apple by illegally obtaining the iCloud account information of 300 million users had repercussions all over the world. It was revealed that the leader of the hacker group, who was learned to live in London despite being Turkish and was arrested by the police teams after Apple’s complaint, demanded the ransom of $ 175,000 in Bitcoin or as an iTunes gift card before he was caught on the ransom request. The Turkish hacker, who threatened to share information that would put Apple in a difficult situation on social media, started to take more drastic steps to deal with the issue and solve the problems in its systems after the Turkish hacker was caught.

He put us all at risk

After this step of the Turkish hacker, 300 million users were at risk. Kerem Albayrak, who thought that he would not be caught by accepting payment with Bitcoin, was traced and arrested as a result of research by Apple’s engineers and officials. While the investigation into the incident is still ongoing, no statement was made to the press about whether the information was completely deleted and a few other details. It has been announced that Apple has taken precautions.

Sky News reported today that Twitter is considering banning cryptocurrency-related ads within two weeks. It was written that ads related to token sales and cryptocurrency wallets will be banned.

Twitter has recently been flooded with scammers advertising cryptocurrency gifts by opening fake accounts of famous characters like Litecoin creator Charlie Lee, Ethereum creator Vitalik Buterin and even Elon Musk. Meanwhile, Twitter’s CEO, Jack Dorsey, is a person closely interested in cryptocurrencies. Dorsey was among the names that provided a total of $ 2.5 million in funding for the development of the Lightning Network, a technology that is expected to cross the threshold of Bitcoin in the past days.

Although the entire cryptocurrency market is suffering from bearish momentum, the alarming trend of several cryptocurrencies among them is alarming.. Ethereum, the most notable of these cryptocurrencies, lost nearly 20% of its value during the day.. It’s not surprising that Ethereum is falling too, given the steep drop in Bitcoin, but when compared to Bitcoin, the pullback in Ethereum is at least twice that, which is surprising.

What’s going on with Ethereum?

2017 was a golden age for Ethereum, as for many other cryptocurrencies.. One Ether was worth almost $1400 a few months ago. The past week has been bad for the cryptocurrency market.. This resulted in the Ethereum price dropping from $725 to $466.. However, there is an important factor that causes the Ethereum price to decline so much.

EOS has sold tens of thousands of Ether

The largest market built on the Ethereum platform in terms of market volume EOS, the digital currency, removed a total of 417 thousand Ether from its wallet and moved it to another address. 163 thousand of these Ethers with a total value of approximately $ 80 million entered a wallet on Bitfinex and were sold. The sharp decline in Ethereum is thought to be due to this.

At the moment the news goes live, one Ether is trading at $470.

Retail giants Walmart and JD.com are among several companies backing a new Blockchain study on food safety and traceability in China.

Tsinghua University National Engineering Laboratory E-Commerce Technologies and IBM, the four groups aim to connect businesses in the food supply chain process in the world’s most populous country.. That’s why they created the Blockchain Food Security Alliance.

According to the descriptions, this idea is a technological tool to record information in real time. The foundation aims to develop a “standards-based method for collecting data on the origin, safety and authenticity of food” using the Blockchain.