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A Record was Broken in Quantum Computers: By 100 Times Google's quantum computer called Sycamore was previously the world's most powerful quantum computer. A new quantum computer shattered this record and set a new peak. Moreover, the new quantum computer consumes 30 thousand times less power. Computer engineers and scientists at Quantinuum conducted several experiments using the new 56-qubit H2-1 computer. In these experiments, the device was operated at different levels and with different qubits. The performance record of quantum computers was also broken in the studies. To unlock the quantum computer's potential, the researchers tested it with a standard algorithm that shows how error-prone the qubits are or how noisy the results are. Quantum computers can perform parallel processing as well as being able to perform more operations thanks to qubits. Traditional computers perform operations sequentially. Adding more qubits to the system also increases the machine's potential exponentially. So, when we add 5 more units to 5 units, we get 25 units of computing power, not 10 units. The point at which quantum computers surpass conventional computers is called “quantum supremacy.” To achieve this computational capacity, a machine with 1 million qubits is required. The most powerful machine today has a computing power of approximately 1000 qubits. The reason for this is that they are error prone and most of the processing power is used for error correction. The new quantum computer performed 35 percent of transactions without errors.

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Bitcoin Surges Above $58,000 on Strong ETF Inflows and Bull Market Sentiment. Bitcoin, the largest cryptocurrency by market capitalization, managed to recover and trade above $58,000 after a week marked by dramatic price movements. After initially peaking above $59,000, it fell to $54,339 and re-balanced. This fluctuation was explained as the reaction of the markets to various economic indicators and developments. The release of the US Consumer Price Index (#CPI ) report played a critical role this week. The report stated that core CPI increased by 3.3%, but remained below the expected 3.5%. This inflation data, which was below expectations, created a positive atmosphere for cryptocurrencies and helped Bitcoin recover towards the end of the week. This recovery was further reinforced by #BTC rising 2.15% to $58,215 in the last 24 hours. Another important development of the week was that the German government completed the sale of its remaining Bitcoin assets. According to Arkham Intelligence data, the government liquidated more than $2 billion worth of Bitcoin through major exchanges such as Coinbase, Kraken and Bitstamp. This large-scale sale was completed on Friday, sparking significant speculation in the market. Arkham Intelligence announced that the German government's Bitcoin sales are affecting market dynamics. The government's main account currently has a zero balance, indicating that Bitcoin reserves have been fully liquidated. This move was closely watched by analysts and investors and contributed to the week's market activity. This week's key events contributed to Bitcoin's volatile but resilient performance. From key economic data releases to major government and corporate moves, these factors have combined to push Bitcoin back above $58,000. Going forward, market participants will closely monitor these elements to make a clearer prediction of Bitcoin's course.

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🇩🇪The German Government sent all 49,860 BTC ($2.90 billion) to exchanges and market makers in the last 3 weeks. 🇺🇸Spot Bitcoin ETFs experienced the highest flow day of the last 5 weeks (since June 5) with an inflow of $ 310 million on July 12.

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China Raids Bitcoin Money Laundering Ring, Seizes More than 2 Million Yuan of Cryptocurrency China continues its crackdown on cryptocurrency activities. The latest arrest of a cryptocurrency-related money laundering ring in Shanxi Province is another step the country has taken towards regulating financial transactions. Shanxi Province law enforcement's sensitive operation against the suspects demonstrates the stringent measures taken to prevent illegal activities related to digital currencies. Local law enforcement conducted a large-scale operation that led to the arrest of 11 individuals involved in cryptocurrency-based money laundering activities. Authorities seized 2 million yuan worth of cryptocurrency, showing the scale of the operation. It was reported that the suspects bought digital currencies at low prices and sold them at high prices. The illicit proceeds were laundered through various bank accounts in cities such as Xi'an and Taiyuan. This sophisticated network illustrates the challenges regulators face in monitoring and controlling highly anonymous cryptocurrency transactions. Despite the global adoption of cryptocurrencies, China continues to ban them. All cryptocurrency transactions are still banned in the country, leading miners and traders to cease operations or move to other regions. This ban is part of a broader effort to ensure financial stability and prevent illegal financial activities taking advantage of the anonymity provided by cryptocurrencies. The strict measures taken by China may have far-reaching effects on the global cryptocurrency market. A hardline stance by a major player like China could cause the market to fluctuate depending on regulatory actions. Constant monitoring and crackdowns could deter potential illegal activity and lead other countries to consider similar regulations on cryptocurrency use.

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📊12 Temmuz’da spot Bitcoin ETF'ler 310 milyon dolarlık giriş kaydetti. •Grayscale (GBTC) Bitcoin ETF'si 23 milyon dolarlık giriş yaşadı. •Blackrock (IBIT) ETF 120 milyon dolarlık giriş yaşadı. •Fidelity (FBTC) Bitcoin ETF 115 milyon dolarlık giriş gördü.

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Legfrissebb hírek

EthCC Highlights Need For Consumer Apps In Crypto Space

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Significant MKR and PEPE Transactions Observed

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Companies And Nonprofits Increasingly Converting Assets To Bitcoin

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Dutch Court Denies Bail For Tornado Cash Developer Alexey Pertsev

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BNB Drops Below 530 USDT with a Narrowed 0.02% Increase in 24 Hours

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