Fun

News Feed - 2023-10-27 07:10:00

David Attlee13 hours agoTurkey plans to craft crypto framework in 2024Crypto asset providers, such as crypto exchanges, will also be given a legal definition.1902 Total views20 Total sharesListen to article 0:00NewsJoin us on social networksThe 2024 Turkish Presidential Annual Program, published on Oct. 25 in the Official Gazette of the Republic of Turkey, aims to finalize crypto regulations in the country within the calendar year of 2024. 


Article 400.5 of the almost 500-page document reveals the planned studies to define crypto assets, which might be taxed appropriately afterward. Crypto asset providers, such as crypto exchanges, will also be given a legal definition. However, the document contains no other details on the future regulations.


In September 2023, the former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court. Thodex, which was one of the largest trading platforms in the country, abruptly imploded in 2021.


Related:Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey


According to a 2022 study, Turkey was the second nation in the world in terms of crypto-related search requests, with 5.5% of the population making them. The country saw an elevenfold rise in crypto use in 2021 amid the ongoing inflation crisis of the local fiat currency, the Turkish lira.


In December 2022, the Central Bank of the Republic of Turkey completed the first trial of its central bank digital currency, the digital lira, and has signaled plans to continue testing throughout 2024. And while the government has still made no commitment to the ultimate digitalization of the country’s currency, Turkish President Recep Tayyip Erdoğan has repeatedly supported the digital lira project.


Magazine:The Truth Behind Cuba’s Bitcoin Revolution. An on-the-ground report# Turkey# CBDC# RegulationAdd reactionAdd reactionRead moreWill Sam Bankman-Fried fix his case when he takes the stand?How Google’s AI legal protections can change art and copyright protectionsECB officials move to ‘preparation phase’ for digital euro

News Feed

Biggest Movers: AXS Falls Lower Following Hacks, While ZIL Climbs by Over 50%
Biggest Movers: AXS Falls Lower Following Hacks, While ZIL Climbs by Over 50% AXS was trading lower on Wednesday, after it was reported that the Axie Infinity network Ronin suffere
CashPay : E-Commerce Marketplace Powered by Cryptocurrency Launched
CashPay : E-Commerce Marketplace Powered by Cryptocurrency Launched PRESS RELEASE. CashPay brings ecommerce a step closer to Blockchain Technology through an ope
Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange
Binance’s Bitcoin Reserve Stash Nears 600,000, Company"s BTC Cache Is Now the Largest Held by an Exchange While there’s been a lot of discussions concerning proof-of-reser
Despite the Low Price, Bitcoin’s Hashrate Remains Elevated as Difficulty Taps an All-Time High
Despite the Low Price, Bitcoin"s Hashrate Remains Elevated as Difficulty Taps an All-Time High Amid the Terra blockchain meltdown, Bitcoin’s hashrate has been well above the
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Below Key Resistance Levels
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Below Key Resistance Levels Following strong gains during Wednesday’s session, bitcoin and ethereum both saw price
Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think
Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think Decentralized finance otherwise known as defi has climbed signifi
Bitcoin, Ethereum Technical Analysis: BTC, ETH Decline as USD Strengthens Following Retail Sales Data
Bitcoin, Ethereum Technical Analysis: BTC, ETH Decline as USD Strengthens Following Retail Sales Data Bitcoin was in the red for a second consecutive session, as markets continued
Meet Ideaology – All in One Blockchain Solution
Meet Ideaology - All in One Blockchain SolutionDUBAI, UAE, 8th May (Friday) Time: 10 AM New York, NY, USA (GMT-4)
Prashant Jha13 hours agoCelsius could repay all claims if Bitcoin, Ether prices rose 2X — Simon DixonDixon said creditors should fight to get out of the bankruptcy proceedings before the end of 2023, or before the pric
Martin Young2 hours agoWallet of Satoshi vanishes from Apple and Google’s US app storesApple is facing the wrath of crypto users yet again as a popular Bitcoin Lightning wallet disappeared from its U.S.-facing App Stor
Ripple invokes SEC v. Terraform case, argues for smaller civil penalty
Turner Wright7 hours agoRipple invokes SEC v. Terraform case, argues for smaller civil penaltyThe blockchain firm’s case with the SEC has been ongoing since December 2020, when the regulator alleged Ripple used XRP as
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,600 Following Completion of The Merge
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,600 Following Completion of The Merge Ethereum fell below $1,600 on Thursday, despite the successful completion of the high