Searches for Bitcoin emanating from Turkey exploded after news broke regarding the 14% plunge in the value of the Turkish lira.

Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor.

According to data from Google Trends, the number of searches for Bitcoin spiked 566% in the hours immediately following news of the lira’s demise.


Bitcoin searches from Turkey over 24 hours. Source: Google Trends
The lira’s value dropped 14% in a flash dip after Turkey's President Erdogan fired the governor of the country’s central bank. Former governor Naci Agbal had been credited with pulling the lira out of historic lows, partly by raising interest rates to fight inflation. His abrupt removal was said to have shocked domestic and foreign investors, reports BBC News.

The Turkish lira regained a fifth of its value against the U.S. dollar since the beginning of 2021 alone. The recent 14% plunge was triggered by concerns that the progress made by Naci Agbal could be undone by the appointment of the new governor, Şahap Kavcıoğlu, a banker and politician who is said to oppose the use of high interest rates to fight inflation.

The uptick in the number of Bitcoin searches by Turkish citizens is an all-time high to date, representing almost double the number of searches recorded during the bull run of 2017–2018.

It’s not just Turkish citizens who are taking a refreshed look at cryptocurrencies. At the beginning of March, Turkey’s Ministry of Treasury and Finance announced that it would work with the central bank in conjunction with regulatory bodies in order to lay down clear guidelines concerning the use of crypto.

“We share the rising concerns about crypto with the rest of the world. The developments (on crypto around the world) and the state of crypto in Turkey are closely monitored by our ministry,” announced the ministry at the time.

https://cointelegraph.com/news/bitcoin-searches-in-turkey-spike-566-after-turkish-lira-drops-14

The mining subsidiary of Japanese financial conglomerate SBI Holdings is opening its pool services to institutional and retail customers alike.

SBI Crypto, the mining subsidiary of Japanese financial conglomerate SBI Holdings, has opened its mining pool to the general public.

As one of the fruits of a strategic partnership between SBI and the German tech firm Northern Data AG, the pool reportedly now ranks 11th globally, according to SBI's announcement on March 19. It mines three assets, Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV), with a revenue measured in dollars per terahash per day of $0.3897, $0.3805 and $0.3519 respectively.

Prior to its partnership with Northern Data AG and the Texas-based data center operator Whinstone US back in February 2020, SBI's announcement summarizes the company's mining activities to date as follows:

“SBI Crypto has been self-mining digital assets in overseas mining farms since August 2017 and continues to expand its scale. The company will use its current mining power of approximately 1.1 EH/s to support and provide stability to the pool.”
The pool was first opened on a limited release earlier this year, and as of March 19 new users are able to request an account. By April, open signups without requesting an account will be available, with services in English, Mandarin and Japanese. While SBI notes that many of the pool's features are specifically designed for an institutional clientele, individual customers are able to use the service.

SBI Holdings' multiple cryptocurrency ventures via various subsidiaries to date have included the introduction of a Bitcoin lending service through its crypto investment subsidiary SBI VC Trade and acquisition of crypto exchange TaoTao via its foreign exchange and derivatives arm.

In December 2020, SBI announced a joint crypto-related project with Switzerland’s principal stock exchange SIX Swiss Exchange and has recently hinted at further crypto-related ventures in collaboration with foreign financial firms in the near future.

The Japanese conglomerate has also been extensively involved with Ripple, and has been supportive of the company throughout its ongoing legal difficulties in the United States. SBI CEO Yoshitaka Kitao has previously said that Japan would be the most likely country for Ripple to relocate to if it is compelled to leave the U.S.

https://cointelegraph.com/news/sbi-crypto-s-bitcoin-mining-pool-goes-public

IoTeX soared to a new all-time high after partnering with the Amazon Web Services network and integrating with multiple DeFi platforms.

As mobile devices, cost and the ease of accessing the internet becomes less of a challenge for people across the world, the value of data has become a new highly desired commodity.

Governments and companies utilize customer and user data for a vast array of purposes and this has placed added emphasis on how data is collected, priced and of course, there are also privacy concerns regarding how personal data is obtained.

Currently, there are several blockchain projects focused on organizing data and enabling users to have more control over what data they elect to share and monetizing some of the profits generated from data collection.

IoTeX (IOTX) is one such project that has been gaining traction over the past five weeks. The project aims to solve the issues of scalability, privacy and the high operating costs currently limiting the mass adoption of the Internet of Things (IoT) ecosystem.



Data from Cointelegraph Markets and TradingView shows that the price of IOTX has rallied 300% since Feb. 1 as the price rose from $0.011 to a new all-time high of $0.0443 on March 10 when its trading volume surged by 130%.

Partnerships and integrations drive adoption
A scroll through the IoTeX Twitter feed shows that project members have been hard at work finding projects and communities to integrate with in order to facilitate the expansion of the IoTeX ecosystem.

The month of March got off to a hot start for the protocol when the project was listed on the PankcakeSwap (CAKE) DeFi protocol. This enabled IOTX trading on the Binance Smart Chain along with the Ethereum (ETH) network, and plans to integrate with Polkadot (DOT) are already underway.

On March 2 the team announced that it had joined the Amazon Web Services (AWS) Partner Network and also with AWS China as a way to improve its Ucam and Pebble Tracker technologies.

Several other minor partnerships were announced over the next few days and then on March 7 it was revealed that IoTeX partnered with Unifi Protocol and provided the project with a development grant to “ensure IoTeX users will have access to a secure, reliable, and on-chain DeFi solution.”

Unifi Protocol is a group of interoperable, non-custodial smart contracts that aim to function as the building blocks for the next generation of DeFi products. The protocols automated market-making trading platform, uTrade, is currently live on 6 different blockchains including Ethereum, Binance Smart Chain, ICON, Ontology (ONT), Harmony (ONE), and Tron.

Enthusiasm for the project picked up following the Unifi partnership and this was followed by the recent increase in trading volume and price.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for IOTX on March 6, prior to the recent price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.



As seen in the chart above, the VORTECS™ score began turning green on March 4 and reached a high of 69 on March 5 before turning yellow again. The score then turned moved to a high of 71 on March 6, roughly 2 days before IOTX price increased by 60%.

The rise of the internet and the increasing number of interconnected smart devices has exponentially increased the amount of data produced and collected and this trend shows no signs of slowing down.

Projects like IoTeX which utilize blockchain technology to securely track, record and transact data are well-positioned to see further growth and adoption as digitization and the Internet of Things continue to permeate all facets of society.

https://cointelegraph.com/news/iotex-iotx-rallies-300-after-defi-and-amazon-web-services-integration

1 Bitcoin kaç TL? BTC/USD paritesi
11 Mart 2021 Perşembe sabahı 1 Bitcoin, 417.570 Türk lirasından alıcı bulurken, küresel piyasalarda 1 BTC 55.296 dolar olarak işlem görüyordu.



11 Mart 2021 Perşembe günü itibarıyla Bitcoin fiyatı son 24 saatte yüzde 2,02 artış gösterdi. Haftalık artış yüzde 13,5 olarak hesaplanırken son bir ayda BTC fiyatı yüzde 31,38 artış gördü.

https://tr.cointelegraph.com/news/3-11-2021-market-updates-bitcoin-gold-dollar-prices

Despite short-term Bitcoin trading spiking in January, wallets that have been inactive for at least three years are the largest segment of the BTC holders.

Long-term Bitcoin hodlers appear not to be selling despite 2021’s all-time highs, while nervous newbies have been taking profits along the way.

According to Unchained Capital’s “Hodlwaves” chart — which visually illustrates the time since BTC wallets were last active on-chain, 2021 has seen an increase in both long and short-term activity.



The chart shows the number of coins that have moved in the past 30 to 90 days is at its highest level since 2018. These addresses represent more than 15% and are currently the largest segment of BTC wallets.

Bitcoin wallets that have remained inactive for between three and five years are currently the second-largest segment, representing 13.5% of all addresses. These wallets have also steadily expanded in number during 2021, with onlookers speculating the data may reflect a large number of BTC bag-holders who bought during the 2017 season and held throughout the entire bear trend.

While the share of wallets that have not been active in between five and 10 years appears to have been shrinking over the past year, the number of addresses that have been inactive for at least a decade has increased from roughly 1.7% two years ago to 10.7% today.

On March 11, CTO and co-founder of on-chain crypto analytics firm Glassnode, Rafael Schultze-Kraft shared data revealing the number of wallets that have not been active in the last three or more years has steadily increased since late December.



However, the data shows that the share of Bitcoin wallets that have been inactive for at least 12 months has dropped from record highs of nearly 65% in January to 55% today, with nearly half of Bitcoin wallets active in the past year.

https://cointelegraph.com/news/nervous-newbies-are-taking-profits-while-long-term-btc-investors-hodl-strong

Goldman Sachs'in eski yöneticilerinden, Real Vision CEO'su Raoul Pal, kripto piyasasının çok büyük bir büyüme potansiyeline sahip olduğunu düşünüyor.

Bitcoin (BTC) ve diğer kripto paralar, salı gününe güçlü bir yükseliş ivmesiyle uyandı. Bitcoin'in piyasa değeri yeniden 1 trilyon doların üzerine çıkarken, kripto piyasasının toplam değeri de 1,66 trilyon dolara ulaştı.

Goldman Sachs'in eski yöneticilerinden, Real Vision CEO'su Raoul Pal ise piyasanın çok daha büyük bir büyüme potansiyeline sahip olduğunu düşünüyor.

7 Mart'ta geleneksel finans ve iş dünyasından kişilerin kripto paralara bakış açısını ele alan Pal, bu kişilerin kripto fiyatlarının nihayetinde ortalama fiyatlarına geri döneceğini varsaydığını, bu nedenle piyasayı bir balon olarak gördüklerini ileri sürdü.

Ne var ki Pal, bazı projeler başarısız olsa da, birçok projenin zaman içinde gerçekten ağ etkisi inşa ettiğini düşünüyor:

"Bu düşünce yapısıyla, zaman içinde her şey sıfıra dönebilir. Fakat şu noktayı kaçırıyorlar: Bazı, hatta birçok proje başarısız olsa bile, diğer birçok proje zamanla gerçek anlamda ağ etkisi inşa ediyor."

İnsanların genel anlamda değişimden korktuğunu, fakat değişikliklerin zaman içinde güven kazandığını ve kabul gördüğünü belirten Pal, dijital varlıkların eski iş modellerini zaman içinde belki de internetin kendisinden daha büyük çapta ortadan kaldıracağını ileri sürdü.

Real Vision CEO'su, dijital varlık devriminin internetin aksine en iyi yanının da, herkesin hiçbir engel olmadan katılım sağlayabilmesi olduğunu belirtti. Raoul Pal, bu devrimin nihayetinde astronomik boyutlara ulaşacağını düşünüyor:

"Bu alan günümüzdeki gibi 1,6 trilyon dolar değerinde kalmayacak, nihayetinde yüzlerce trilyon dolarlık bir ekosisteme evrilecek. Değişimi ister kabul ister inkar edin, inovasyonun hızı katlanarak artarken en azından bunu anlamayı kendinize borçlusunuz..."

https://tr.cointelegraph.com/news/crypto-ecosystem-will-be-worth-multi-hundred-trillion-dollars-eventually-says-real-vision-ceo

Bitcoin miner maker Bitmain is reportedly in hot water in Taiwan amid the backdrop of the ongoing U.S.-China tech tussle.

Prosecutors in Taiwan have accused Bitmain Technologies of illegally poaching more than 100 Taiwanese engineers.

According to a report by Nikkei Asia, a probe has already been launched in New Taipei and Hsinchu — Taiwan’s semiconductor manufacturing hub — to investigate the activities of the Chinese crypto mining chipmaker.

The New Taipei Prosecutors Office says as part of the illegal poaching enterprise, the Bitcoin (BTC) mining chip maker allegedly set up shell companies that were used for the illicit recruitment, adding:

“We discovered that Bitmain has been poaching Taiwanese research and development talent to speed up its efforts on artificial intelligence chip capability by illegally setting up companies in Taiwan. The newly established companies served a headhunting purpose and the timespan of what Bitmain did dates back to 2018.”
The move by Taiwanese officials comes as Beijing is reportedly upping the ante on its own chip manufacturing industry. Indeed, semiconductors are reportedly going to be a focus item at the National People’s Congress which begins on Mar. 12.

A global chip famine has risen to the forefront of the Sino-American economic tussle with U.S. President Joe Biden recently calling for a robust review of America’s semiconductor supply chain.

As previously reported by Cointelegraph, increasing demand for the limited supply of semiconductors has seen Bitcoin miners facing chip shortages. This situation has led to a significant premium on the price of crypto mining hardware both new and second-hand rigs.

Meanwhile, the investigation into Bitmain’s alleged illegal poaching of engineers could potentially veer into issues like the leaking of trade secrets and technology theft.

The investigation could also impact Bitmain’s relationship with Taiwan Semiconductor Manufacturing Company — the world’s largest chipmaker.

With semiconductor technology now a major focus of the economic tussle between China and the United States and the apparent deepening of diplomatic relationships between Washington and Taipei, the TSMC is reportedly working in tandem with major U.S. tech firms like Apple.

Reports indicate that TSMC and the iPhone manufacturer are exploring research and development protocols for the next generation 2 nanometer (2nm) chipsets.

https://cointelegraph.com/news/bitmain-accused-of-illegally-poaching-engineers-by-officials-in-taiwan

Bitcoin, bazı göstergelere göre ana güvenli liman varlığı olma bakımından altını yerinden ediyor.

Bitcoin (BTC), bazı göstergelere göre ana güvenli liman varlığı olma bakımından altını yerinden ediyor. Bloomberg Kıdemli Emtia Stratejisti Mike McGlone, bunun dijital paranın daha geniş çaplı ana akım yaygınlık kazanmasına zemin hazırlayabileceğini düşünüyor.

McGlone, pazartesi günü paylaştığı gönderisinde güvenli liman varlıkları arasındaki mücadelenin, teknik ve esas göstergelerine göre Bitcoin'in lehine dönmeye başladığını ileri sürdü:

“Altının mücevher ve para koleksiyonlarında her zaman yeri olacak, fakat birçok gösterge Bitcoin'in yatırımcı portföylerinde bir değer saklama aracı olarak giderek daha hızlı altının yerini aldığını gösteriyor.”

McGlone'un paylaştığı grafik, Bitcoin'in 2020 ortalarından beri altına karşı güçlü bir performans gösterdiğini ortaya koyuyor. Diğer yandan altın borsa yatırım fonlarının (ETF) toplam bilinen birikimleri ise azaldı. Bu durum, kurumsal yatırımcıların altın yerine Bitcoin'e ilgi gösterdiğine işaret ediyor. Grafiğe göre Bitcoin'in dalgalanması da altına kıyasla büyük ölçüde azaldı.

McGlone, uzun bir süredir Bitcoin'in nihayetinde yatırımcıların tercihi olan güvenli liman varlığı olacağını savunuyor. Bloomberg stratejisti, şubat ayı başlarında yatırımcıların altını terk edip dijital varlığa akın etmesiyle birlikte BTC'nin hızla 50 bin dolara ulaşacağını öngörmüştü ve kripto para, iki haftadan kısa süre içinde 50 bin dolara ulaşmıştı.

Stratejist, Kasım 2020'de yaptığı bir açıklamada ise BTC'nin iki yıl içinde 170 bin dolara ulaşacağını ve daha sonra tıpkı altın gibi konsolide olacağını söylemişti.

Bu yıl ikili arasındaki mücadele, şimdiye kadar Bitcoin'in lehine oldu. Bir Bitcoin, çeviri yayın saati itibarıyla 31,7 ons altın ediyor. Bu oran, MarketWatch verilerine göre şubat ayında 32,1 ile pik yapmıştı.

https://tr.cointelegraph.com/news/bitcoin-pushing-aside-gold-as-a-store-of-value-senior-bloomberg-strategist