Internet Computer coin traded at 370.3 USD – Photo: Bloomberg Just launched on May 10, virtual currency called Internet Computer has immediately entered the top 10 largest virtual currencies in the world with a market capitalization of about 45 billion USD, according to the ranking on CoinMarketCap.com. Internet Computer was created to help anyone – from software developers to content creators – upload whatever they want to the internet without having to go through tech giants like Amazon. , Facebook or through servers, commercial cloud services. According to Dominic Williams, founder of the Internet Computer project, this virtual currency helps users avoid closed ecosystems of businesses and reduce costs. Users can build their own social networks as well as many other services to compete with giant internet companies. Internet Computer coin price movement after one day of launch – Source: Coinmarketcap.com The Internet Computer’s network uses smart contracts or task execution software to compete with larger cryptocurrencies like Ether (currently the second largest cryptocurrency by market capitalization). Internet Computer is also “shaking hands” with many other cryptocurrencies and related networks – such as Polkadot, Binance Coin – to bypass Ether. The Internet Computer coin was born in the context of virtual currencies from Bitcoin to Dogecoin being mentioned everywhere, at dinners to Saturday Night Live on national television in the US. Top 10 largest cryptocurrency market capitalization, updated price at 9:00 am on May 12 (Vietnam time) – Source: Coinmarketcap.com Dong Internet Computer traded at 370.3 USD at 9:00 am on May 12 (Vietnam time), up more than 1% compared to the previous 24 hours. This virtual currency transaction value reached 1.5 billion USD, an increase of nearly 90% in 24 hours. The market capitalization of the entire cryptocurrency market is now $2,480 billion, up from less than $1 trillion earlier this year.

Internet Computer was introduced to help anyone post any content they want to the internet without going through technology giants like Amazon, Facebook or through servers. commercial cloud service. The founder of this virtual currency project, Dominic Williams, said that Internet Computer was founded with the idea of ​​avoiding corporate barriers and helping to keep costs down. Users can build social media and other services to compete with the big internet companies in the world. Mr. Dominic Williams, developer of the virtual money project Internet Computer This virtual currency’s network uses smart contracts or task software to compete with larger cryptocurrencies like Ethereum. Internet Computer is also “shaking hands” with many other cryptocurrencies and related networks – such as Polkadot, Binance Coin – to overtake Ether. Internet Computer was born in the context of digital money like Bitcoin, Ethereum, Dogecoin is booming around the world, digital money is mentioned everywhere, at dinners to Saturday Night Live on television. country in America. As of 9am this morning (May 12), Internet Computer was traded at $ 370.3, an increase of more than 1% compared to the previous 24 hours. The value of this virtual currency transaction reached $ 1.5 billion, up nearly 90% in 24 hours. The total market capitalization of the crypto market is currently $ 2,480 billion, up from under $ 1,000 billion earlier this year. According to data from CoinDesk, Bitcoin is still the most valuable virtual currency in the world, as each Bitcoin is currently trading at $ 56,956, up 2.43% from yesterday. In second place is Ethereum with a transaction value of $ 4,298, up 8.76%. Dogecoin coin ranked fifth with a transaction of $ 0.508, up 8.91%. HA Cryptocurrency increased sharply, Asian businesses raced to bet on Bitcoin

Faruk Fatih Ozer, founder of cryptocurrency exchange Thodex. One of the largest cryptocurrency exchanges in Turkey declared that they no longer had enough financial capacity to continue operating, causing hundreds of thousands of investors to fear that they would have lost all their money poured into this exchange. Meanwhile, Turkish authorities are trying to locate the 27-year-old founder of the cryptocurrency exchange, who has fled overseas, Bloomberg reported. It is not clear how many customers of the cryptocurrency exchange called Thodex lost money in this case, and how much the total damage. In a statement sent from a secret location, Thodex founder and CEO, Faruk Fatih Ozer, promised to return the money to the investor and return to Turkey to face the public. refund after refund. However, the Turkish government has launched a blockade on Thodex’s accounts, and its headquarters in Istabul has been ransacked by police. According to Turkish media, the damage in this virtual currency exchange crash could reach $ 2 billion. A lawyer representing the victims said that the investment capital of about 390,000 investors had fallen into a “irreversible” state. However, through a statement posted on the company’s website, Ozer denied both numbers, saying that only about 30,000 investors were affected. Some Turkish officials see the incident as another reason to increase control of the cryptocurrency market. Over the past years, the rapid rise of virtual currency prices globally has been paralleled with many frauds and frauds related to exchanges. Mr. Cemil Ertem, a senior economic adviser to President Tayyip Erdogan, said that the Turkish government needs to act as soon as possible. “Patterns of pyramid fraud are emerging. Turkey needs to implement surveillance regulations that are both suitable to the domestic economic situation and in accordance with global developments”. Thodex is part of the virtual currency fever that attracts a large number of Turkish investors who want to find a “shelter” for their savings in the context of dizzying inflation and a lack of local currency rates. stability. In March, inflation in Turkey was 16.2%, 3 times higher than the 5% inflation target set by the Central Bank of this country. This year, the Lira rate has dropped 10% against the dollar, marking the 9th consecutive year of decline. On Wednesday, Mr. Erdogan revealed that the Turkish government has “burned” $ 165 billion of foreign exchange reserves in the past two years to protect the local currency rate, but has not brought the desired results. Concerns about inflation and exchange rate motivate the Turkish people to look for alternative investment channels, including virtual currency. On Friday last week, the value of virtual currency transactions in Turkey reached more than 1.2 billion USD, up 3 times compared to a week earlier, according to data from coingecko.com. Meanwhile, the average daily trading value of the Turkish stock market is only about $ 3.1 billion.