Who founded Bitcoin and why it was produced is a question mark in the minds of many of you. The founder of Bitcoin is known as Satoshi Nakamoto, and the story of crypto coins, which took 2010 to mature, sprouted with the bitcoin article in 2008. With the crypto coins containing P2P (end-to-end, from one user to another user) technology, it was aimed to establish an order in which there is no other person based on trust. Crypto coins, whose value is not determined by any institution and are in a distributed structure, are produced using blockchain technology. The most important reason for the emergence of this innovation, which started the digital transformation, came from the idea of a money that central banks could not manage. Especially after the 2008 Mortgage Crisis, this idea accelerated and bitcoin entered our lives. We have witnessed the liberalization of money that is kept under control to restrain greed and monopoly and the introduction of bitcoin into our lives for this way. Satoshi Nakamoto, who thinks that central banks are violating trust, stated that bitcoin is the solution to the situations of divisibility, portability and scarcity, emphasizing that the main problem against the fiat currency is trust. Based on this data, we can say that bitcoin was created with the aim of removing money from an authority motive and that it is based only on trust. Thus, a democratic cryptocurrency was created that could be seen by everyone, where the transaction took place directly between the parties, which could only be managed by the people involved.
Why Was Bitcoin Produced?
- March 29, 2023
US Federal Judge Denies Joint Request by SEC, Ripple US District Court for the Southern District of New York Judge Analisa Torres has denied Ripple and the SEC’s joint “indicative ruling” request to resolve the years-long lawsuit on procedural grounds. The court stated that the parties did not sufficiently present the legal grounds necessary to lift the August 2024 injunction. This development further...
Ethereum Foundation’s “Trillion Dollar Security” Initiative The Ethereum Foundation has announced a new security plan with the goal of making the network a trillion-dollar financial infrastructure on a global scale. The initiative, called “Trillion Dollar Security (1TS),” aims to take Ethereum’s current $63 billion worth of asset security to even higher levels. The plan will consist of three phases:...
SEC Delays Solana and Litecoin ETFs, Seeks Public Comment on Dogecoin The U.S. Securities and Exchange Commission (SEC) has delayed Grayscale’s Solana and Litecoin ETF applications, extending the review process to assess their compliance with investor protection and market integrity standards. Both applications were originally filed for trading on NYSE Arca. The SEC is taking a more cautious approach,...
Markets Rise on US-China Tariff Agreement US President Trump’s announcement that a “complete reset” had been achieved following weekend talks with China has caused sharp increases in global stock markets. The talks, which took place in Switzerland, resulted in significant reductions in retaliatory tariffs that have been in place between the two countries since January. The US reduced tariffs from 145%...
In the crypto market report covering the week of May 5- 12 prepared by the ICRYPEX Research team, we have compiled current developments regarding crypto assets, price movements of crypto assets and macroeconomics. You can take a look at the general flow of this report immediately below and reach all the developments that took place in the 7-day period from Weekly Crypto Market Reports: May 5- 12, 2025....
