Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges
The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this...
Endgame For Binance? US DOJ Seeks $4 Billion Settlement, CZ Braces For Charges
In a significant development, the US Department of Justice (DOJ) is reportedly pursuing a resolution with Binance, the world’s largest cryptocurrency exchange by trading volume.
According to Bloomberg, negotiations between...
Sam Bankman-Fried Cites Autism Disorder As Reason To Avoid 100 Years In Prison
In a high-profile case that has garnered considerable attention, Sam Bankman-Fried, the disgraced CEO of the now-bankrupt FTX crypto exchange, is seeking a lighter sentence, citing his autism spectrum...
G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting
The G7 finance ministers and central bank governors discussed the need to regulate cryptocurrencies during their latest meeting. German Finance Minister Olaf Scholz raised concerns about Facebook’s upcoming cryptocurrency.
G7...
