Turkey | ForkLog

ForkLog 5 21.10.2022

Turkish authorities seize $40m in cryptocurrency from organisers of illegal betting

The Ankara prosecutor's office seized $40m in digital assets as part of an operation to combat illegal sports betting. The Daily Sabah reports.

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ForkLog 15 30.08.2022

Former head of Turkish crypto exchange Thodex arrested in Albania

Albanian authorities, at the request of Turkish authorities, have arrested the founder and former CEO of the Thodex cryptocurrency exchange, Faruk Fatih Ozer.

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ForkLog 4 25.05.2022

Bloomberg Warns of Tighter Crypto Regulation in Turkey

Turkish authorities are drafting legislation to tighten oversight of the crypto industry and are likely to introduce a tax on some transactions, Bloomberg reports citing government sources.

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ForkLog 7 09.05.2022

Binance warns Turkish users about fraudulent advertisements

The Turkish arm of Binance warned investors about widespread fake ads on street billboards in the region.

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ForkLog 9 21.04.2022

Media: Coinbase to acquire Turkish Bitcoin exchange BtcTurk

The cryptocurrency exchange Coinbase is in the final stage of negotiations to acquire the Turkey-based cryptocurrency trading platform BtcTurk. The deal could be worth $3.2 billion, The Block writes, citing local sources.

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ForkLog 12 15.04.2022

Binance to open customer-service centre in Turkey

The cryptocurrency exchange Binance announced the launch of a customer-service centre in Turkey, according to Cointelegraph's local bureau, citing a press release.

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ForkLog 44 06.04.2022

A Beginner’s Guide to Cashing Out Cryptocurrency in Turkey

We explain how to cash out cryptocurrency as profitably and safely as possible in Istanbul and other cities, and what is happening with the crypto industry in Turkey.

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ForkLog 11 04.04.2022

Prosecutor seeks more than 40,564 years in prison for Thodex CEO and 20 others over exit scam

The head of the Thodex bitcoin exchange, Faruk Fatih Özer, and 20 other defendants in an exit scam case in Turkey face prison terms of 40,564 years each. The prosecutor requested this sentence, Bloomberg reports.

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ForkLog 9 20.01.2022

Coin Metrics: Crypto-exchange activity shifts from China to the United States.

Mining ban and banks' blocking of crypto-platform operations in China led to a reduction in the share of local bitcoin exchanges in favour of US-based competitors. Analysts at Coin Metrics reached this conclusion.

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ForkLog 15 13.01.2022

Media note on rise of Bitcoin and Tether in Turkey as the lira falls

In Q4 2021, amid the lira's decline, daily volumes of fiat-backed crypto trading on three major platforms rose to an average of $1.8 billion per day, according to The Wall Street Journal.

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ForkLog 6 25.12.2021

Turkish regulator fines Binance’s local unit $750,000

The Turkish Financial Crimes Investigation Board (MASAK) fined Binance's local unit for violations found during the audit.

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ForkLog 6 10.12.2021

In Turkey, Tether and Shiba Inu Rival Bitcoin as Lira Tumbles

Trading activity in Turkish lira pairs with Shiba Inu and Tether exceeding Bitcoin by more than fivefold amid the lira's sharp depreciation. CoinDesk reports this. In November, Binance data show the lira-BTC trading volume at $918 million, with SHIB and USDT at $5.26 billion and $5.58 billion, respectively. 'Local traders remain attracted by the exceptional returns associated with coins such as SHIB.'

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