Turkey Forces Crypto Exchanges to Report More Customer Information

Turkey Forces Crypto Exchanges to Report More Customer Information

The Turkish government has added cryptocurrency exchanges to the list of firms subject to the country’s anti-money laundering and terrorism financing (AML-TF) regulations. The regulatory change took immediate effect after the presidential decree—similar to an executive order in the US—was published in the Official Gazette today. By applying those rules to crypto, the government now […]

Continue Reading

Ethereum Moves Toward ETH 2.0 With ‘Super Experimental’ Testnet

Ethereum Moves Toward ETH 2.0 With ‘Super Experimental’ Testnet

Ethereum 2.0—the forthcoming proof-of-stake blockchain that promises to be faster and cheaper than the current network—is getting ready to deploy. Developers at several Ethereum software labs, as part of the ETH Global Scaling Hackathon project called Rayonism, today launched what one researcher termed “a super experimental Eth1-Eth2 post-merge testnetwork.” About 30 min from now we’re […]

Continue Reading

Crypto’s Cold War: US and China’s Battle for Blockchain Supremacy

Crypto’s Cold War: US and China’s Battle for Blockchain Supremacy

America’s relationship with China could be best described as “frosty”. The first and second-largest economies in the world have increasingly found themselves at loggerheads; from trade to finance, artificial intelligence to telecoms. China and the US have also clashed diplomatically over China’s handling of its neighbors, in particular, Taiwan. China sees the island nation as […]

Continue Reading

Turkish Exchange Thodex Sent $125M in Bitcoin to Kraken Before Closing: Report

Turkish Exchange Thodex Sent $125M in Bitcoin to Kraken Before Closing: Report

Between August 2020 and February 2021, roughly 5,000 Bitcoin worth an estimated $125 million at the time of trading (and over $280 million in today’s value), left wallets owned by now-shuttered Turkish exchange Thodex and landed in US exchange Kraken, according to Israel-based blockchain tracking firm Whitestream. Whitestream, which has contracts with the Israeli Defense […]

Continue Reading

DOJ Ransomware Panel to Propose ‘Aggressive’ Bitcoin Regulations: Report

DOJ Ransomware Panel to Propose ‘Aggressive’ Bitcoin Regulations: Report

A panel of experts established by the US Department of Justice last week to combat ransomware is expected to recommend “aggressive tracking of Bitcoin and other cryptocurrencies,” according to a report from Reuters today that cited anonymous sources. The potential recommendations would expand the regulatory requirements on cryptocurrency exchanges and hold them to similar standards […]

Continue Reading