Turkish crypto bill: 5 things to know before it’s introduced
Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.
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Dogecoin whale activity slows down as billions of dollars depart blockchain
DOGE’s recent surge in network activity appears to be grinding to a halt. 3136 Total views 8 Total shares After a flurry of activity that saw Dogecoin (DOGE) briefly process a higher dollar value of daily transactions than Bitcoin (BTC) and Ether (ETH) combined, the surge seen on the Dogecoin blockchain appears to be slowing…

The perfect match? Both Bitcoin and DeFi push and pull crypto markets
The past year has been a crazy journey for the blockchain industry. Between the crippling effects of the COVID-19 pandemic across various sectors and Bitcoin’s marathon bull run, the year has been great for some and catastrophic for many.Decentralized finance is at the epicenter of most of the hype surrounding blockchain today. From the rise…

Cointelegraph Talks to Dive Deep Into Inclusion and Diversity in Crypto
Cointelegraph Talks’ third event will stream later today, featuring discussions on the topics of inclusion and diversity in crypto from some of the industry’s heavy-hitters. 830 Total views 28 Total shares Cointelegraph Talks’ third event kicks off at 1 pm EST on Tuesday, June 9, with the event set to tackle the issues of gender…

BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report
Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books. The Bank for International Settlements (BIS) Innovation Hub published an interim report on Project Mariana, its collaboration with the central banks of France, Singapore and Switzerland, on the use of wholesale central bank…

Starknet-based ZKX protocol shutters, blaming lack of users
The protocol's founder cited minimal user engagement, tumbling revenues, and “broader exhaustion” in the DeFi sector.

8 ways crypto companies can improve their financial compliance in the US
The U.S. presents many obstacles to crypto companies, with a multiplicity of federal and state regulatory agencies having real or potential jurisdiction over the industry. Its unique political environment has contributed to more governmental skepticism toward crypto than is seen in other countries, and high-profile punitive actions by the Securities and Exchange Commission are making…

CFTC File Lawsuit Against $11M Ponzi-Like Cryptocurrency Scam
The United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Nevada-based Circle Society.Defendants guaranteed investors 300% returnOn Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options…

Lawmakers push back on crypto provisions in Infrastructure Bill
The latest proposal from a group of House Democrats seeks to change how updates to the tax code affect crypto entities “who do not engage in brokerage services.” 1722 Total views 27 Total shares Lawmakers from both sides of the aisle are fighting back against changes to tax reporting rules for crypto brokers and transactions…