Bitcoinsistemi

Public Bitcoin miners are expected to continue increasing their dominance in the BTC network hashrate as they focus on cost-saving measures and profitability, as highlighted in a recent report by JPMorgan analysts. Companies are moving towards vertical integration to secure independent power sources and develop specialized mining chips, aiming to reduce operational costs. Strategic acquisitions of energy sources, partnerships with semiconductor giants like TSMC, and exploring AI and HPC integration for revenue diversification are key strategies being adopted by miners to enhance efficiency and profitability. The upcoming BTC network halving in 2024, coupled with rising network difficulty and price volatility, is driving miners towards self-sufficiency in energy and internal hardware development. Leveraging record levels of equity financing seen in 2024, miners are also turning to debt financing to sustain operations without selling off Bitcoin assets.

Santiment's latest report reveals the top game altcoins developers focused on in the crypto market. Projects like EGLD and MANA maintained top positions, while others like SKL and IMX saw increased developer activity.

According to the latest development, the SEC is considering classifying XRP as a commodity and potentially grouping it with ETH.
Details are coming…

Russian Central Bank issues a warning on cryptocurrency transactions despite previously approving Bitcoin purchases. Deputy Head Vladimir Chistyukhin highlighted the risks associated with crypto investments and emphasized the need for regulation to protect inexperienced investors.

Analysts are divided on Bitcoin's future as it continues to fall. While some predict a further drop to $70k, others believe the bottom is in. A CryptoQuant analyst suggests a potential recovery without a significant downturn, citing weakening market sensitivity and whales reducing selling pressure. The MVRV ratio reaching lows indicates a possible bounce-back. The market, despite being oversold, appears primed for a potential upward movement.

Bitcoin ETFs are experiencing significant outflows nearing $1 billion in the past two days. Despite this, there are signs of market stability as Bitcoin has reversed losses and gained 0.5% in the last 24 hours, trading around $83,000. JPMorgan analysts suggest a possible decrease in pessimism despite market uncertainty. Major ETF providers like BlackRock and Fidelity saw substantial withdrawals. Analysts believe that with Bitcoin stabilizing, the worst of ETF outflows may be over, but investors remain cautious about potential downside risks.

Barclays predicts two interest rate cuts by the FED in 2025, while Nomura expects no cuts this year due to strong inflation data, reshaping market expectations. FED's decision will be announced on March 19.

According to TradingView data, Bitcoin's market dominance rose to %62.29 today, reaching its highest level in about four years. This situation indicates a cooling-off period for altcoins while showing signs of broader market stagnation. It remains to be seen whether the move will result in increased momentum in altcoins.

TurkNet, a popular internet service provider, was targeted by hackers resulting in a data breach. The company confirmed the hack and reassured customers of their data safety measures. Hackers demanded a ransom in Bitcoin, but customer financial information and passwords were reported as safe. TurkNet stated they would continue to prioritize cybersecurity and provide reliable services.

Michael Saylor predicts Bitcoin will surpass all asset classes to become the world's largest asset within the next 48 months. He suggests Bitcoin can offer protection against inflation and market fluctuations, making it an attractive value store. Saylor also proposes a Strategic Bitcoin Reserve to maintain the US's digital and financial leadership.

New regulations concerning cryptocurrency investors in Turkey have been published in the Official Gazette and have come into effect.
The 'Regulation on the Establishment and Principles of Operation of Crypto Asset Service Providers' and the 'Operation of Crypto Asset Service Providers' prepared by the Capital Markets Board (SPK)

Nebraska Governor Jim Pillen signed LB609, also known as the Controllable Electronics Registration Fraud Prevention Act, aiming to combat fraud and protect consumers by implementing stricter regulations on **crypto** ATM and kiosks, marking the state's commitment to regulating crypto-related financial services.

LIBRA scandal involving Argentine President Javier Milei continues, with calls for Interpol to issue a red bulletin for Hayden Davis, co-creator of the controversial meme coin, due to potential fraud activities. Milei's support for LIBRA has led to significant investor losses. Dalbon, an Argentine lawyer, highlights the risk of Davis evading arrest due to his connections with top government officials. Javier Milei's involvement in promoting LIBRA raises concerns about justice being circumvented.

Ripple receives regulatory approval from DFSA in Dubai to offer cross-border crypto payment services, marking its first blockchain payment provider license in the region. The approval strengthens Ripple's commitment to regulatory compliance and global payment solutions.