ZK community aligned with the core Web3 mission: ZkDay Istanbul roundup

As zero-knowledge (ZK) technology marches its way toward solving mainstream use cases, the community backing the disruptive tech continues to grow stronger. Over 1,200 ZK developers, community members and enthusiasts, including Ethereum co-founder Vitalik Buterin, attended the latest zkDay I ...

Turkey mulls addressing licensing and taxation in new crypto rule

Turkey is reportedly considering regulations for its crypto market, focusing on licensing and taxation. The aim is to remove the country from the “gray list” of an international financial crime watchdog, as Turkey ranks fourth globally in crypto trading.According to a Reuters report, ...

No CZ, no problem: Binance Blockchain Week showcases Turkish crypto industry

Binance Blockchain Week Istanbul 2023 saw global crypto exchange Binance bringing its flagship event to Turkey on Nov. 8–9, where business is conducted in the Turkish lira — a top trading pair on its platform. While Binance CEO Changpeng “CZ” Zhao was absent fr ...

Turkish Lira becomes top crypto trading pair on Binance in Sept 2023

The Turkish Lira (TRY) became the most dominant fiat trading pair on Binance in the month of September, according to the crypto exchange’s research.Turkish Lira accounted for 75% of all fiat volume in early September despite being the fourth-largest crypto market globally in terms of trans ...

Turkey aims to shed FATF gray list status with new crypto regulations

Turkey is reportedly drafting fresh regulations to govern crypto-assets in an effort to convince the Financial Action Task Force (FATF), an international organization responsible for combating financial crimes, to remove it from a “gray list” of nations that have not done enough to combat money l ...

Turkey plans to craft crypto framework in 2024

The Presidential Annual Programm for 2024, published on Oct. 25 in Turkey’s Official Gazette, sets an aim to finalize the crypto regulations in the country within the following year. Article 400.5 of the almost 500-page document reveals the planned studies to define crypto assets, whi ...

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

The price of Bitcoin (BTC) has notched new all-time highs against some of the world’s most inflationary fiat currencies.Across 30 hours over Oct. 23 to 24, the cost of buying one Bitcoin has reached all time-highs when using the Argentine peso (ARS), Nigerian naira (NGN), Turkis ...

Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report

The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of "establishing, managing and being a member of an organization", "qualified fraud", "laundering of property values".The Anatolian 9th High Criminal Co ...

Bitcoin sees new all-time highs in 3 countries as BTC price pokes $31K

Bitcoin (BTC) tapped $31,000 for a third time this year on June 25 as the weekly close promised volatility.BTC/USD 1-hour chart. Source: TradingViewBTC price challenges $31,000Data from Cointelegraph Markets Pro and TradingView showed BTC price movements focusing on yearly highs. ...

Rising Inflation in Turkey Spurs Interest in BTC and Stablecoins as Residents Seek Refuge

Inflation in Turkey has reached 44% And residents seek salvation in BTC and stabelcoins The Turkish lira fell by more than 20% against the dollar after the elections. Now $1 sells for 20 liras. Over the past decade, Turkish fiat has lost more than 90% of its v ...

OKX Plans to Open Office in Turkey for Blockchain Innovation

Cryptocurrency exchange OKX announced plans to open an office in Turkey in the coming months as it believes in the country's potential for Web3 and blockchain innovation. "Opening an office in Turkey will be an important step for OKX as we move from a trust-ba ...

Founder of Thodex Exchange to Be Extradited Back to Turkey for Fraud and Theft Charges

The Turkish Ministry of Justice announced that preparations for the extradition of the founder of the Thodex exchange have been completed and that he will be handed over to law enforcement agencies next Thursday. Faruk Fatih Ozer fled Turkey last year and was wanted by Interpol on charges of frau ...

Vitalik Buterin sent 149 ETH humanitarian aid to help victims of the earthquake in Turkey

Ethereum co-founder Vitalik Buterin has donated roughly $230,000 worth of ether to charities to help earthquake victims in Turkey. Last week in Turkey there was a powerful earthquake with a magnitude of almost 8-7.8 points. The death toll exceeded 36,000. Many cryptocurrency companies and exchanges ...