Bitcoin Breaks All-Time Record
Bitcoin, the highest volume unit of the cryptocurrency markets, broke an all-time record of $ 19,660, with $ 19,736.82 on the first day of the new week.
Bitcoin rose 5.01 percent to $ 19,411.44 in the past 24 hours, with a weekly gain of 5.53 percent; the unit’s total market volume also increased to $ 358.76 billion.
While the value of 35 units fell from the highest volume 100 units in the last 24 hours in all crypto money markets, two of the top 10 units were among those that fell.
While the total volume in the crypto money markets rose to a new peak with $ 575.96 billion, the 24-hour trading volume in the crypto markets also exceeded the $ 200 billion limit with $ 209.4 billion.
Bitcoin comprised 62.4 percent of the total market volume in 33,632 markets, where a total of 7,823 cryptocurrencies were traded.
Changes in the top 10 cryptocurrencies:
1.Bitcoin increased 5.01 percent to $ 19,411.44,
- Ethereum, up 3.05 percent to $ 604.44,
3.XRP $ 0.64, up 3.49 percent,
4.Tether is down 0.24 percent to $ 0.99,
5.Litecoin is up 11.71 percent to $ 88.75,
6.Bitcoin Cash, up 7.61 percent to $ 311.78,
7.Chainlink, up 1.67 percent to $ 14.17,
8.Cardano down 0.24 percent to $ 0.16,
9.Polkadot increased 2.03 percent to $ 5.33,
10.Binance Coin was trading at $ 31.19, up 3.57 percent.
In the section titled “Crypto Money and Its Features” of the “Crypto Money Research Report” of the Information and Communication Technologies Authority, it was stated as follows:
Crypto currencies can be evaluated in the category of virtual currencies that are not subject to regulation and are available in digital format according to the currency matrix laid down by the European Central Bank.
Crypto money production / mining, which can be generated by deciphering some complex mathematical passwords in distributed networks by users included in the network, does not constitute a criminal element and is not an illegal situation.
The convenience provided by cryptocurrencies and the creation of an investment that can bring a high profit in a short time has made the use of crypto money widespread. The advantages of crypto money can be summarized as follows:
- Transactions on the cryptocurrency network can be carried out without intermediaries and guarantees of trust.
- Transactions on the crypto money network can be viewed instantly by everyone.
- The crypto money network is not connected to any center, and the data can be kept in a distributed manner.
It is not easy to classify virtual currencies and there are three types of virtual money schemes when their relationship with real money and real economy is taken as a criterion.
-These:
- Closed Virtual Money Scheme: In this scheme, virtual currencies have almost no connection with the real economy. The money obtained is used only for the exchange of virtual goods and services on closed systems and can be defined as “in-game”.
- Virtual Money Scheme with One Way Flow: In this scheme, virtual currencies are obtained by using real money at fixed or variable rates, but cannot be converted into real money afterwards. Although such currencies are generally purchased virtual goods and services, they can also be used to purchase real goods and services.
- Virtual money scheme with two-way flow: In this scheme, it is possible to obtain virtual money with fixed or variable rates, and it is possible to convert these virtual currencies into real money. Virtual currencies with this scheme are no different from any real currency with convertibility.
