A little over a year ago, Faruk Fatih Ozer, founder and CEO of crypto exchange Thodex was arrested by Turkish authorities. After a long trial, Fatih was sentenced to over 11,000 years in prison after ...
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Founder Of Defunct Turkish Crypto Exchange Thodex Handed 11,000-Year Jail Term For $2B Scam ⋆ ZyCrypto
Advertisement     Faruk Fatih Özer — the founder and former CEO of Turkey-based Thodex — was sentenced to 11,196 years in prison on Thursday by a court in Istanbul, according to report...
Coinbase plans major expansion in countries with “clear crypto rules”
Coinbase targets expansion across the EU, UK, Brazil and Singapore among other jurisdictions with clear regulatory trajectory. The exchange also has plans for major partnerships with banking providers...
New US Accounting Rules for Digital Asset Firms and Companies Holding Bitcoin and Crypto Assets Announced: Report
The Financial Accounting Standards Board (FASB), the organization that sets accounting standards in the US, is reportedly green-lighting new rules for measuring the value of crypto assets on a company...
Taiwan plans ban on unregistered offshore crypto exchanges
Taiwan plans to restrict access to offshore cryptocurrency exchanges that are not registered with the local regulators. According to a Sept. 7 report by Taiwan’s semi-official Central News Agency, the...
Despite the Hype, Crypto AI Tokens Have Been Languishing
Even AI can’t make up its mind sometimes. The industry is generated a ton of hype, but crypto tokens pegged to the technology have aren’t seeing big gains. Crypto data provider Kaiko writes that...
7 Tips to Become a Crypto Trader in 2023
Cryptocurrency has become a global phenomenon, and as we enter 2023, the allure of becoming a successful crypto trader is stronger than ever. With the right knowledge and approach, anyone can dive int...
Nomura Says Its Crypto Unit Won’t Be Profitable By 2024
Banking giant Nomura Holdings Inc. recently stated that its cryptocurrency unit, Laser Digital, could take longer than expected to turn profitable amid the recent rout in the crypto market. Nomura sta...
Crypto firm LBRY files to challenge ruling it violated US Securities Law
The SEC filed a lawsuit in a New Hampshire court arguing that LBRY’s LBC tokens were tokens and not cryptocurrencies. The SEC won a case in November 2022 and LBRY said that it would close. LBRY was al...
CFTC commissioner calls for crypto regulatory pilot program
A commissioner with the United States Commodity Futures Trading Commission has advocated for a limited pilot program to address crypto regulation. In a pre-recorded message for a Cato Institute event ...
$24 Million Worth of Crypto Wiped out Overnight in Massive Phishing Attack
Alex Dovbnya Eye-popping $24.23 million in stETH and rETH tokens stolen in a phishing attack just hours ago, as reported by cybersecurity watchdog Scam Sniffer According to cybersecurity watchdog Scam...
Coinbase to Prioritize Crypto Markets Outside of US in Its Expansion Strategy
Coinbase’s vice presidents for international business and international policy are clearly dissatisfied with the regulatory situation in the United States. Coinbase is strategically expanding its cryp...
Bitcoin Exchange Binance Announced That It Lists These Altcoin Pairs in Margin Transactions!
Binance, a leading global cryptocurrency exchange, has expanded its options for both Cross Margin and Isolated Margin trading with the inclusion of three new loanable assets and three additional tradi...
UK’s FCA extends deadline to execute some crypto marketing reforms
The UK’s financial regulator is extending the deadline for some crypt oasset companies to adhere to stricter marketing regulations. New UK regulations set to kick in next month will require crypto fir...
Ripple Co-Founder Blasts ‘Unelected, Power-Hungry and Misplaced’ SEC Bureaucrats, Says Clear Crypto Rules Needed
Ripple co-founder Chris Larsen is weighing in on how the U.S. Securities and Exchange Commission (SEC) is handling the crypto space. In a new interview with Bloomberg Technology, Larsen says the SEC’s...
Top 10 crypto portfolio tracking apps in 2023
The top 10 cryptocurrency portfolio monitoring applications for 2023 are enlisted in this article The difficulties of keeping track of several coins that they have across various exchanges or wallets ...
Crypto price prediction: XDC Network, Cronos, Astar
Cryptocurrencies moved sideways this week as Bitcoin remained below $26,000. XDC Network, Cronos, and Astar were among the biggest gainers. Cryptocurrency prices had a relatively muted performance thi...
ArkInvest and 21Shares Apply for Ethereum ETF Spot, Driving ETH to Top Crypto Trend
In a heated race to secure the coveted position as the first-ever Ethereum Exchange-Traded Fund (ETF), two industry giants, ArkInvest and 21Shares, have set the cryptocurrency world ablaze. This devel...
Crypto Exchange Thodex Founder Sentenced To 11,196 Years In Prison
Key Points: Thodex founder sentenced to 11,196 years for fraud and money laundering. Thodex’s collapse resulted in losses estimated at $13M to $2.6B in crypto. Ozer fled to Albania after Thodex went b...
Ripple News: The Most Traded Altcoin: XRP Outpaces Competitors by 4x, Reveals Kaiko Data
XRP, a cryptocurrency, has been remarkably stable at around $0.50 despite market ups and downs. Technical analysis indicates two significant resistance levels: one at $0.5027 (the 50-day EMA) and anot...
Huge good news rains down on crypto – but what about price?
Extremely good news has permeated the crypto sector over recent weeks. However, the price of bitcoin and other cryptocurrencies remain depressed. If crypto were firmly in bull territory, recent news w...
Lazarus Group hacked and stole $41m from crypto casino, Stake
In a Sep. 6 press release, the Federal Bureau of Investigation (FBI) said North Korea-backed hacker group Lazarus was behind the attack on crypto casino, Stake. Stake reported unauthorized transaction...
DeFi projects charged by CFTC over crypto derivatives
The CFTC has taken action against three DeFi firms for violating federal laws relating to digital asset derivatives trading. In orders dated Thursday, the CFTC charged Opyn, ZeroEx and Deridex with op...
Hardware crypto wallet Tangem set to integrate VISA payments
Tangem, a business specializing in hardware wallets and based in Zug, Switzerland, has recently unveiled plans for a comprehensive product upgrading and rebranding initiative aimed at bolstering its m...
Thodex founder handed over 460 life sentences in prison for massive Turkish crypto scandal
Fatih Özer, the founder of the failed crypto exchange Thodex, has been sentenced to 11,196 years, equivalent to 466 life sentences, in Turkish prison, Bloomberg reported on Sept. 7. Özer was sentenced...
SEC Settles with A Crypto Firm Over Unregistered Crypto Product
The Securities and Exchange Commission (SEC), a U.S. government oversight agency, alleged that Linus Financial, a crypto firm, offered and sold its retail crypto lending product. Linus Financial was o...
Turkish crypto exchange Thodex CEO jailed for 11,196 years
The long-drawn-out case against the Thodex crypto exchange had 21 defendants. 16 defendants were acquitted of “qualified fraud” for lack of evidence. The CEO, Faruk Fatih zer, and his two siblings rec...
Crypto Community Defends Binance Amid Prevailing Rumors and FUD
Changpeng Zhao dismisses the prevailing FUD, assuring the company’s stability. The company has been embroiled in a series of gossip over the past few days. Crypto enthusiasts offer support to Zhao con...
CryptoWallet aims to simplify crypto transactions
Cryptocurrency can feel like a distant concept to the ordinary person. There are occasional reports of epic market rallies, but there is a need to ease handling, storage, and spending crypto. After al...
Fintech firm settles with SEC over crypto lending product
Linus Financial, a Tennessee-based financial technology company, has settled with the US Securities and Exchange Commission for alleged securities laws violations. Linus agreed to stop offering its re...
Is Crypto’s Golden Run Over? Top Analyst Foresees Troubled Times
The crypto market faces a stormy horizon as a prominent analyst and a report send warning signals about the future of both digital assets and big tech stocks. In a recent strategy session, Nicholas M...
Massive altcoin breakouts with 3x gains already unfolding, says expert
Michaël van de Poppe — CEO and founder of MN Trading — teaches three trading concepts that can be applied to low market-cap cryptocurrencies, as certain altcoins are showing “momentum” with “massive b...