Turkey considers crypto regulation following the collapse of two exchangesThe global crypto market cap is $2.04 trillion with a 24-hour volume of $139.62 billion. The price of Bitcoin is $52,771.42 and the BTC dominance is at 48.4%.
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by Liam Frost Turkish authorities are planning to start regulating the cryptocurrency space in the country after two local crypto exchanges allegedly conducted an “exit scam” within a week, as per a report on business news outlet Bloomberg yesterday. As CryptoSlate previously reported, major Turkish crypto exchange Thodex, which held at least $2 billion worth of its users’ crypto in custody, has abruptly stopped all operations last Wednesday. Local police officers later detained 62 people across eight provinces in connection to an ongoing investigation while the exchange’s CEO reportedly fled the country. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬US bank BNY Mellon blames “no exposure to Bitcoin” for fund underperformanceUS bank BNY Mellon says one of its technology-focused funds had underperformed the market because it wasn’t exposed to companies investing in Bitcoin, a filing from yesterday showed. Cardano (ADA) jumps 8% in 24 hours, but what does on-chain sentiment data show?ADA, the native token of smart contract platform Cardano, jumped 8% in the past day amidst rising public sentiment for the broader ecosystem, data from multiple sources showed. Kurt Cobain’s last photoshoot to be auctioned off as NFT—but not everyone is pleased with the moveOn May 3, photographer Jesse Frohman will launch an auction for over 100 images from the last photo session with legendary Nirvana frontman Kurt Cobain—all in the form of a non-fungible token (NFT). Ethereum competitor Solana kicks off ‘hackathon’ with $1 million in prizesThe Solana Foundation, a non-profit organization dedicated to supporting and growing the high-speed blockchain today announced it will be launching a global hackathon focused on Web3, DeFi, and NFT solutions. Data shows “whales” are buying XRP as public sentiment increasesEven since the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple for an unregistered securities offering in late December 2020, some investors have expressed their fears about XRP. Inside the Solana hype and why prices of Bonfida, Serum, and Raydium are surgingWhile the crypto market plunged by several percent last week, a sliver of coins running on the Solana ecosystem remained in the green, data from several sources shows. ‘Bitcoin is not a hedge against anything,’ concludes ‘Black Swan’ author Nassim TalebBitcoin (BTC) is not “a hedge against anything,” concluded “Black Swan” author and risk analyst Nassim Nicholas Taleb after inviting his 727,000 Twitter followers to debate on whether there is any correlation between BTC and inflation. Balancer teams up with Gnosis to develop a ‘gasless’ Ethereum DEXBalancer Labs, a leading automated market maker (AMM) within the Ethereum ecosystem, has teamed up with Gnosis to develop a new decentralized exchange (DEX). Young Koreans hooked on Bitcoin trading sparks “crypto addiction” fearsAn article today from the leading South Korean newspaper Chosun Ilbo detailed the phenomenon of obsessive Bitcoin tracking and mentioned the impact of price fixation on the lives of young Koreans, even to the point of interfering with their work commitments. Talking Bitcoin, ICOs, and Ethereum DeFi with ‘The Defiant’ founder Camilla Russo
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Turkey considers crypto regulation following the collapse of two exchanges