Mon, November 25

Floki Launched NFT Sale to Support Turkey Earthquake Relief

The Floki ecosystem is added to the list of significant big shots that contributed to Turkey’s earthquake. On Monday, Floki announced an NFT sale to support earthquake relief efforts in Turkey. That featured “Turkey’s flag” in the form of 1.08 mins video and was named “Floki’s Turkey Earthquake Relief NFT”.

February 21, 2023 2 mins read

Ripple Provides $1M in XRP for Earthquake Victims in Turkey

Ripple announced that it would contribute money to help those affected by the earthquakes in Turkey and Syria along with other businesses in the cryptocurrency sector. The commitment of $1 million in XRP by Ripple to help NGOs made public on February 15.  According to estimates, a 7.8 magnitude earthquake

February 15, 2023 1 min read

Crypto Exchanges Support to Turkey Earthquake Survivors

Turkey, the transcontinental western Asia peninsula country was hit by terrific earthquakes on Feb 6th. The country is scattered and the world is showing its support to the victims in various forms. The leading crypto firms and exchanges have also pledged to back Turkey in all possible ways. The first

February 7, 2023 2 mins read

Turkey Announces Blockchain-based Digital Identity Application

Blockchain technology will be used in Turkey’s online public service login procedure. The Turkish government’s digital portal E-Devlet. Via which residents may access a variety of government services. Will soon require users to authenticate their identities using a blockchain-based digital identity before granting access. Vice President Fuat Oktay of Turkey

January 2, 2023 1 min read

Turkey’s Central Bank Commences First CBDC Pilot Test

Central Bank digital currencies (CBDC) are central bank-issued digital tokens that function similarly to cryptocurrencies. They correspond in value to the national fiat currency of the nation. CBDCs are the subject of much research and development, with several nations having already adopted them. On Thursday, the Turkish Central Bank stated

December 30, 2022 1 min read

Albanian and Turkish Officials Agree to Deportation of Thodex CEO

BBC reported recently that the deportation of Faruk Fatih Ozer was agreed upon between Albanian and Turkish officials and that he has 15 days to challenge the decision. Last year, the 27-year-old and his struggling cryptocurrency trading platform, Thodex, gained headlines when he suspended trading and took the website down.

November 20, 2022 1 min read

$40M Worth Crypto Seized by Turkey Officials in Gambling Raid

As part of their investigation into an unlawful gambling network, Turkish officials have confiscated $40 million worth of cryptocurrencies. When it comes to gambling, Turkey is quite strict. The government outlawed casinos in 1998. And since 2006, all forms of internet gambling have been illegal, with the exception of a

October 22, 2022 1 min read

Turkey-based Thodex Exchange CEO Finally Under Arrest

Interpol has begun the formalities necessary to extradite Zer back to Turkey. Local prosecutors are apparently seeking hundreds of years in prison. According to a statement released by the Turkish Ministry of Interior, the CEO of crypto exchange Thodex was apprehended in Albania. An international warrant was issued for Faruk

August 30, 2022 1 min read

Can Turkey Become the Next Hub for Cryptocurrency?

The Turkish Finance Minister discussed with CZ, about blockchain and cryptocurrency.  Last year, Turkish authorities fined Binance with 750,000 dollars. On Wednesday, the Turkish Finance Minister Nureddin Nebati, virtually connected with Changpeng Zhao, the CEO of the Binance exchange platform. As per the tweet from Nebati, the recent discussion with

July 28, 2022 2 mins read

Coinbase To Acquire Turkish Crypto Exchange BTCTurk For Negotiated $3.2B

Coinbase has recently created a test version of its own NFT marketplace. The deal has been struck for $3.2 billion, down from the original $5 billion. The deal, which was previously valued at $5 billion, is anticipated to cement Coinbase’s dominance in Turkey. As of May, Coinbase, the second-largest cryptocurrency

April 23, 2022 1 min read