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Turkish Crypto Exchange Thodex CEO Receives 11,196-Year Jail Term for Fraud and Money Laundering
8.9.2023
Faruk Fatih Ozer, the founder and former CEO of Thodex, a prominent Turkish cryptocurrency exchange, has been handed 11,196-year prison sentence for fraud and other crimes, Bloomberg reproted.
Ozer was convicted on various charges, including fraud, leading a criminal organization, and money...
Crypto Firm LBRY to Challenge Ruling It Violated U.S. Securities Law
8.9.2023
The blockchain-based file-sharing network had indicated it would be winding down after a New Hampshire court ruled in favor of the SEC last November
Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report
8.9.2023
The Thodex founder fled the country in 2021 only to be detained in Albania in Aug. 2022 and extradited to Turkey in April 2023
Metamask Wallet Users Can Now Cash Out Crypto to Fiat
8.9.2023
The popular Ethereum wallet Metamask has introduced a new feature allowing users to convert crypto to major fiat currencies. The “Sell” option currently supports cashing out ether (ETH) and is available to users in the U.S., the United Kingdom, and some European markets. New Feature...
Nomura’s Crypto Arm Might Take Longer Time to Turn Profitable After Market Rout: CEO
8.9.2023
Laser Digital, the digital asset subsidiary of the Japanese financial services giant Nomura, might take a longer time to turn profitable than expected, as the company is still grappling to recover from the sector’s turmoil.
Laser Digital had previously forecasted to make profits by 2024. However...
Singapore regulatory sandbox lacks qualified crypto payment providers
8.9.2023
The MAS has said that rising malware scam cases in Singapore have nothing to do with cryptocurrencies. On the contrary, it claimed, such scams are more prevalent in the fiat economy
Key G20 Policy Paper Suggests Against Blanket Crypto Ban, Calls for Comprehensive Regulatory Oversight
8.9.2023
A joint synthesis paper from the International Monetary Fund (IMF) and the Financial Stability Board (FSB) on crypto regulations is set to be presented to G20 members during the leadership summit under India's presidency on 9th and 10th September.
The key policy paper, released on Thursday...
Binance Executives for Russia and Eastern Europe Leave Top Exchange
8.9.2023
Two Binance executives responsible for the crypto giant’s operations in Eastern Europe and the former Soviet space have left the company. The departures come at a time when the leading crypto exchange finds itself under persisting regulatory pressure and is considering leaving sanctioned Russia....
US Senator Says Lack of Regulatory Clarity is Driving Crypto Outside the United States
8.9.2023
Senator Bill Hagerty (R-Tenn.) has said that the lack of regulatory clarity in the United States is creating an unfavorable environment, driving crypto companies outside the country.
"It is a terrible environment. For those companies who are trying to invest and expand, it’s forcing them to look...
11,196 Years Jail Sentence for Faruk Özer, CEO of Collapsed Turkish Crypto Exchange Thodex
8.9.2023
Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer and his brother Güven Özer have been sentenced to 11,196 years, 10 months and 15 days in prison
SEC Settles Charges Against Linus Financial Over Unregistered Retail Crypto Lending Product
8.9.2023
The US Securities and Exchange Commission (SEC) announced Thursday that it will settle charges against Tennessee-based fintech firm Linus Financial over sales of an unregistered cryptocurrency lending product.
The regulator declared that it will abstain from imposing civil penalties against Linus...
China’s Social Media Giant Weibo Purges Crypto Content, Bans Users
8.9.2023
The Chinese social media titan Weibo has deleted 80 popular crypto-related accounts and removed “17,000 illegal profit-making-related posts” from its platform.
The firm’s operator Sina says Weibo has some 258 million daily active users.
It thrives in a nation where popular international social...
Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans
8.9.2023
Block Earner has unveiled a new crypto-backed loan product for the Australian market, amid an ongoing tussle with a federal regulator over its shuttered Earn product
CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown
8.9.2023
The U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) protocols, Opyn, Inc., ZeroEx (0x), Inc., and Deridex, Inc. with offering illegal derivatives trading.
According to an official statement released on Thursday, these...
Duelbits Celebrates the Release of Their All-New Platform With a Rakeback Bonus for the Ages
8.9.2023
In several short years, Duelbits have made a name for themselves in the crypto casino niche, becoming one of the de facto leaders in the sphere. With a firm commitment to innovation, they have made it a point to stand out from the crowd. Recently, they have completely revamped their already sleek...
K8.io (Play Now): Trusted Online Crypto Casino Gambling Site
8.9.2023
K8.io is a popular and trusted online gambling site, founded in 2013. With the development of digital currency, more and more players choose K8. Therefore, they launched the K8 digital currency gaming website in November 2021 to provide players with … Continued
The post K8.io (Play Now):...
Top 3 Price Predictions: Watch Wall Street Memes, Shiba Inu, and Dogecoin Price in Next Meme Coin Season
8.9.2023
Meme coins like Shiba Inu and Dogecoin have long captured the attention of the crypto community, but now they're drawing attention from a wider audience--thanks to the help of new projects in the space like Wall Street Memes. Known for their blend of humor, culture, and financial speculation, meme...
Coinbase Launches Crypto Lending Service for Institutional Investors
8.9.2023
Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. Crypto Exchange Coinbase...
Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities
8.9.2023
The crypto exchange’s focus on non-U.S. markets is part of a next phase in its expansion plans, said the firm
Best Crypto to Buy Now September 7 – THORChain, Toncoin, Render
8.9.2023
Two leading exchange-traded fund (ETF) providers have set their sights on launching the first spot Ethereum ETF in the U.S. after continued delays from regulators on approving a spot Bitcoin ETF.
ARK Invest and asset manager VanEck filed proposals with the Securities and Exchange Commission (SEC)...