Tag: turkey

Nov 25 2022

Authorities In Turkey Freezes FTX Assets

Nov 25 2022 Published at Coinscreed under tags  crypto exchange news ftx sbf turkey

Turkey’s Financial Crimes Investigation Board has seized assets belonging to SBF after launching an investigation into FTX's affairs in the country. Following the failure of his primary business, the nation's Financial Crimes Investigation Board, locally known as MASAK, seized assets belonging to former FTX CEO Sam Bankman-Fried. Following the bankruptcy of Bankman-primary Fried's business, the […] The post...

Nov 21 2022

FTX Crypto Exchange Backed Liquid Exchange Suspends Trading Activities

Nov 21 2022 Published at Bitcoinist.com under tags  crypto news ftx ripple turkey xrpusdt

The FTX insolvency case has placed the crypto exchange in shambles, leading to the Chapter 11 bankruptcy filing. While the proceedings remain on course, customers whose assets are stuck on the platform are seeking ways to recover them. Given the proceedings, FTX has directed its subsidiary, Liquid Exchange, to suspend all trading activities. Liquid is a Tokyo-based cryptocurrency-fiat exchange platform founded in 2014....

Nov 14 2022

Gate.io Targets New Crypto Exchange GateTR at Turkey’s Crypto Market

Gate.io, a cryptocurrency trading company, is set to launch a new cryptocurrency exchange, GateTR, tailored to Turkey’s cryptocurrency market. The new platform was developed by the firm’s team over the last six months, Gate.io said.

The Gate.io Founder and CEO, Dr Lin Han, will announce the new venture at the Istanbul Blockchain Week, the firm announced on Monday, noting that it will...

Nov 08 2022

Turkey Traded Dogecoin More Than Combined Volume Of BTC And ETH

Is Doge so stealthy? The global economy is still struggling to come out of the stiff shackles posed by many reasons in recent times, including the Russian invasion of Ukraine, the slowdown in China, and the aftermath problems of the COVID pandemic, to name a few. The soaring inflation and consistent pressure of rising fuel, food, and fertilizer prices have not just put...

Oct 26 2022

Turkey gets ready for 2023 CBDC launch

Oct 26 2022 Published at Coinscreed under tags  cbdc turkey

The Turkish government intends to establish its central bank digital currency (CBDC) by next year. The President's Annual Plan for 2023, which discusses a CBDC, reportedly was presented by Turkey's Presidential Strategy and Budget Office. According to rumors, the Turkish Central Bank will launch a CBDC in 2019. A "blockchain-based central bank digital currency will […] The post...

Oct 19 2022

Turkish president announces blockchain-powered e-Human project

Turkish President Recep Tayyip Erdoğan has presented additional information regarding the blockchain-powered e-Human project which will protect all of the services, data, and capabilities used by the system. Ahead of Turkey's national blockchain summit, President Recep Tayyip Erdoğan presented additional information regarding the e-Human project powered by blockchain. According to Cointelegraph Turkey, the e-Human project […] The post...

Oct 11 2022

Turkey Ramps Up Efforts To Become The Next Crypto And Blockchain Hub

Turkish residents continuously maintain a bullish stance on crypto transactions despite the bear markets. Ismail H. Polat, a media lecturer at Kadir Has University in Istanbul, said the driving factor is the high inflation. Recent reports show the Turkish crypto industry is working to build the crypto ecosystem amid the bear market. The Turkish blockchain industry players see the bear market as an...

Sep 27 2022

Oracle to Pay $23M to Settle Bribery Charges against Asian Subsidiaries

Oracle Corporation, a Texas-headquartered American software and technology company, has agreed to pay more than $23 million to settle bribery charges against its subsidiaries in Turkey, the United Arab Emirates (UAE) and India.

The US

Sep 02 2022

Runaway Thodex Crypto Exchange CEO Arrested in Albania, Turkey Says

The Turkish Ministry of Internal Affairs announced on Tuesday that 28-years-old Faruk Fatih Ozer, Founder and CEO of folded Turkish cryptocurrency exchange Thodex, has been arrested in Albania.

The ministry said Fatih was rounded up in Vlorë, a city in Southern Albania, after he was found through his biometric identification.

The government ministry further noted that the process to extradite Fatih to Turkey has...

Aug 30 2022

Founder of defunct Turkish crypto exchange detained in Albania

Aug 30 2022 Published at Coinscreed under tags  albania news thodex turkey

The founder of Turkish crypto exchange Thodex Faruk Fatih Özer has been detained by Albanian authorities as they await cooperation with the Turkish government. As the founder of the now-defunct Turkish cryptocurrency exchange Thodex is currently being held in Albania, the story of the exchange continues. In an operation that was conducted in Tirana, the […] The post...

Thodex Crypto Exchange Founder Arrested in Albania

Aug 30 2022 Published at Coinscreed under tags  money laundering news thodex turkey

Thodex founder, Faruk Fatih Ozer went missing in 2021, taking money from 400,000 users with him. According to a statement from the Turkish Interior Ministry on Tuesday, the founder of one of Turkey's biggest cryptocurrency exchanges, Thodex, which turned out to be an exit scam, has been arrested in Albania. Last year, Faruk Fatih Ozer's […] The post...

May 25 2022

Turkey Crafts Legislation For Bitcoin, Crypto Oversight: Report

May 25 2022 Published at Bitcoin Magazine under tags  bitcoin crypto legislation markets news

Turkish governing party is reportedly set to submit bills to parliament in the coming weeks to better regulate the Bitcoin and cryptocurrency markets.Turkey is close to presenting draft legislation to regulate the Bitcoin market, especially businesses involved in the sector that operate in the country,...

May 05 2022

Turkey Inflation Data Shows Annual 70% CPI Increase, Bitcoin Fixes This

May 05 2022 Published at Bitcoin Magazine under tags  bitcoin cpi inflation markets news

Data analyzed by the Turkish Statistical Institute shows hyperinflation reaching as high as 105% for transportation costs as the Lira continues to diminish.Turkey released data analyzed by the Turkish Statistical Institute showing 70% CPI annual inflation. Transportation costs suffered the highest annual increase with 105% inflation. The month-over-month data shows a CPI increase of...

Apr 27 2022

Who And Why Received The 5 BTC In Grants From The Human Rights Foundation?

For the second quarter of 2012, the Human Rights Foundation’s Bitcoin Development Fund distributed 500 million satoshis in grants. The receiving projects came from “Cuba, Turkey, Pakistan, Ghana, Venezuela, Burma, and beyond,” according to Chief Strategy Officer Alex Gladstein. In this round, the Human Rights Foundation focused on “Bitcoin software development, community building, censorship monitoring, translation and design.”...

Apr 24 2022

Coinbase To Extend Its Reach By Acquiring BtcTurk For $3.2 Billion

A globally recognized United States-based biggest crypto exchange, Coinbase, plans to acquire the Turkish oldest famous crypto exchange, BtcTurk, with almost $3.2 billion. BtcTurk is a Turk-based crypto exchange established on July 01, 2013, having headquarters in Istanbul, Turkey, and possesses a portfolio of 4.5 million customers....

Apr 02 2022

Turkey wants crypto scammer jailed for life

Apr 02 2022 Published at CryptoSlate under tags  crime crypto crypto scam legal people

Turkish prosecutors are asking courts to jail suspected crypto scammers in the country for thousands of years, per available information. According to reports...

Apr 01 2022

The Turkish Lira’s Freefall And The Bitcoin Parachute

As the national currency of Turkey continues to plummet, Bitcoin represents an escape hatch for citizens looking to preserve wealth.2021 was a rough year for the people of Turkey, as the country experienced rapid devaluation of its currency, the lira. Things haven’t improved in 2022 as the lira has suffered since Russia invaded Ukraine as sanctions and export bans have resulted in...

Turkey Seeks Jail Sentences of over 40,000 Years for Thodex Founders

Turkish prosecutors are seeking jail sentences totaling up to 40,564 years for 21 of the founders and executives of the crypto-exchange Thodex.

Mar 10 2022

Turkey May Adopt Shiba Inu, Can the Price Break Higher?

Shiba Inu (SHIB) may be adopted by Turkey, which is good news for the cryptocurrency. AK Party Group Deputy Chairman, Mustafa Elitaş discussed the possibility of adopting SHIB with Shiba Inu Türkiy...

Mar 04 2022

Turkish Lira Slumps Against Bitcoin As Inflation Blows Past 50%

Mar 04 2022 Published at Coingape under tags  bitcoin news crypto adoption inflation lira news

The Turkish lira slipped against Bitcoin, hovering around a two-month low after data showed annual inflation skyrocketed in February. The lira has lost about 12% against the world's largest cryptocurrency this week, data from Coingecko shows. The lira, currently trading at about 590,462 to Bitcoin, also lost about 7% to the dollar over the past...

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