Wow, what happened to Satoshi? We are in the thirty-fourth article of the series. The cryptocurrency market is having a relatively green week as bitcoin this week surpassed $56,000 for the first time since mid-May. Meanwhile, the price of ether rose above $3,600.
In these periods when the market is active; How the investors reacted after the rise that started last week, the decree allegedly prepared in the USA, the two operations in Izmir and Ukraine, the statements of the CEO of JPMorgan, the statements of the Fed and SEC chairmen, and the general situation in South Korea will be discussed.
Article: Action taken for coordinated crypto studies in the US
Bloomberg’s Friday According to the news he quoted, based on sources that are said to have knowledge on the subject, the Biden administration plans to commission several federal agencies to conduct research on cryptocurrencies in a coordinated manner.
The administration is working on a presidential decree that is still in draft form, and that the decree in question has been given to certain institutions on the issue of crypto money. job description will be given.
Institutions mentioned include the Department of the Treasury, the Trade Representative, the National Science Foundation, and financial authorities and national security agencies.
According to the reports, the government investor protection, competition policy, research and innovation make investigations on the issues and this process to carry out in a coordinated way wants.
Which institution does this decree what you are responsible for as a result of the examinations to be carried out by the said institutions, will give feedback is expressed.
While it is not clear whether the presidential decree will be implemented or not, the institutions mentioned in the news did not make a statement regarding the accuracy or falsity of these claims.
Some mining devices were seized in Izmir
As a result of the raid on a workplace in the Menderes district of Izmir cryptocurrency mining Dozens of equipment used for this purpose and worth 1 million 522 thousand liras in total were confiscated.
İzmir Provincial Gendarmerie Command Anti-Cyber Crime Branch teams started a study on the subject after a report was made about a workplace in Menderes Kısık Industrial Zone. The teams raided the address after the work carried out under the coordination of the Menderes Chief Public Prosecutor’s Office.
During the operation, 22 crypto currency generators and computer motherboards, 19 4 GB RAM, 20 processors, 38 power supplies, 320 graphics cards, 28 32 GB portable memory and 24 cooling fans were seized.
Customs smuggling The market value of the detected devices was announced as 1 million 522 thousand liras.
The proceedings against the EU and the MB, who were detained on charges of violating the Payment Services and Electronic Money Institutions Law at the address, are continuing.
JPMorgan CEO remains skeptical
Jamie Dimon, CEO of JPMorgan Chase, market cap trillion dollars maintains its dubious approach towards approaching bitcoin (BTC).
earlier this week speaking to Axios Dimon, bitcoin “has no intrinsic value” told.
Stating that states will take action to regulate cryptocurrencies such as bitcoin, Dimon said, “They will regulate it as much as possible. […] Whether you call it a security, an asset or something else, if people are using it for tax evasion, sex trafficking and ransom, it will be regulated whether you like it or not.”
Dimon, who is the CEO of one of the world’s largest banks, said in his statements this summer. “You don’t care (and) don’t care about Bitcoin” had stated clearly.
JPMorgan JPMorgan’s CEO maintains personal distance from bitcoin “that their customers are interested in (bitcoin)” does not deny the fact. The bank’s wealth management clients since August with crypto investment funds can process.
Dimon also talked about the subject last month and said that the price of bitcoin that it is possible to rise tenfold in the next five years. but he still stated that he was not interested in her.
Fed and SEC agree: No plans to ban crypto
Fed Chairman Jerome Powell testified before the House of Representatives Financial Services Committee last week that he differed from the Chinese government. “ban the use of cryptocurrencies” He said he had no such plans.
US Securities and Exchange Commission (SEC) Its chairman, Gary Gensler, also appeared before the same committee this Tuesday. Similar to his question to Powell, Congressman Ted Budd asked Gensler if he had any plans to ban cryptocurrencies.
Gensler answers this question. “No, that falls to Congress.” he replied.
During the four-hour session, Gensler made various statements regarding cryptocurrencies, cryptocurrency platforms, decentralized finance applications and stablecoins.
What he did in the past for stablecoins poker chip analogy reiterating SEC Chairman, stablecoin If the market continues to grow “systemic risks” He said he could give birth.
Gensler, again similar to his previous explanations, that most crypto projects fall under securities laws said, and the project developers and company executives, with the SEC “to meet” invited.
About a billion dollars a dayprofit sale
According to Glassnode’s weekly analytics report cryptocurrency The rise experienced by the market last week, kThe profit led to a huge increase in sales.
Bitcoin price after a few weeks break last week to rise above $ 48,000 again, the total amount of coins in circulation 10.3% of again unrealized kprofit enabled him to enter the region.
According to the comment of the Glassnode team, this change is expected by some investors when the price drops to $40,000. notable indicates a level of purchase. A similar situation was observed when bitcoin changed hands from the range of $29,300-40,000 from May to July. In circulation with the price rising again, but not realized kThe percentage of coins found in the ar region increased to 86.6%.
in the same period happening kAn unexpected increase in the level of profits was also observed. The amount of losses incurred on a daily basis is the lowest in the last few weeks. $175 million regressed, kamount of profit per day 996 million dollars was calculated as.
The report made the following assessment regarding this data: “The fact that the market has largely preserved the increase experienced throughout the week means that the market is about approximately daily on the buyer side. $1.75 billion It shows that capital is flowing.”
Glassnode team, grouping the total transaction volume of BTCs spent by age of coins spent providing Spent Volume Age Band used the metric to support this judgment.
Accordingly, the share of “old coins” in the total trading volume is the lowest in recent years. up to 2% declined. This rate is expected by many long-term investors by the end of 2020, the beginning of 2021. kHe had risen when he started selling for profit.
On the other hand, the share of “young coins” in the total transaction volume has reached the highest levels of recent years, and the liquid supply has increased. “absorbed by new buyers” may indicate.
General statistics of stock exchanges in South Korea
Lee Jeong-moon, from South Korea’s ruling Democratic Party, has received some information from the Financial Services Commission regarding cryptocurrency exchanges in the country, according to local news sources.
in south korea Regulations that came into effect last month, the identity of someone who will open an account on the cryptocurrency exchange, verification using the information in the bank account. requires. In this way, the exchanges and thus the regulators can control the users.
- Corbite: It was announced that the registered user of Korbit, one of the four largest stock exchanges in the country, is around 100,000, and the total value of the deposits in the stock market is 68 billion won (approximately 506.3 million lira).
- Coinone: The total number of registered users of Coinone to 520,000 It was announced that the total value of the deposits on the exchange is worth about 240 billion won (approximately 1.8 billion lira). Coinone management announced the total value of cryptocurrencies held on the exchange as 3.6 trillion won (26.8 billion lira).
- Bithumb: The country’s second largest exchange, the total number of registered users as of September increased to 3.16 million. Total value of fiat currency deposits on the exchange 1.5 trillion won (11.1 billion liras) it happened.
- Upbit: Upbit, which is at the top of South Korea’s big four, has a total of around the end of September. 8.5 million registered users in possession. Company in fiat currency 6.9 trillion won (51.3 billion liras); in cryptocurrencies 31.7 trillion won (236.2 billion TL) assets. For the sake of comparison, as of the second quarter of 2021, the US-based Coinbase’s platform has a total 180 billion dollars can be said to exist.
International operation held in Ukraine
A Ukraine-based criminal organization suspected of cyber-attacks on certain industrial groups in Europe and North America was launched.
The unnamed organization attacked these companies with malware, encrypted some sensitive information and asked the companies to open this password. demanding ransom is stated.
While no details were shared about what software was used during the attack or the organization’s structuring, the organization 7 million euros to 70 million euros He was said to have demanded a ransom.
In the operation, which was carried out with the participation of law enforcement officers from the USA, Europol, France, Interpol and Ukraine and resulted in the arrest of two people, cash of 375,000 dollars, two luxury vehicles worth 217,000 euros were seized. $1.3 million in cryptocurrencies has been blocked.
After ransom attacks on some large companies in the USA and these ransoms in cryptocurrencies The use of cryptocurrencies in ransom attacks has become a much more important topic than before.
published by the White House on Oct. to the press release According to US President Joe Biden, Strengthening cooperation in the fight against cyber threats It plans to bring together 30 states for