The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal organization.
Thodex Chief Sentenced to 11,196 Years in Prison
The CEO of collapsed Turkish cryptocurrency…
What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat – Learning - Insights Bitcoin News
September 10, 2023
Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat money. Stablecoins blend…
'Islamic Coin's Legitimacy as a Sharia-Compliant Cryptocurrency Is Proven by Its Fatwa' — Co-Founder – Interview Bitcoin News
September 10, 2023
According to Mohammed AlKaff AlHashmi, the co-founder of “Islamic Coin,” Muslim scholars will increasingly view cryptocurrencies as being “Shariah-compliant” if they function as a store of value or are used as a medium of exchange. Alhashmi added that Islam’s…
Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US – Exchanges Bitcoin News
September 10, 2023
America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the company says, is enforcing existing rules and new regulation through courts.
Coinbase Eyes ‘Crypto-Forward Markets’ Like EU, Singapore, Brazil…
Is Ethereum Outshining Bitcoin in Terms of Fees? Crypto Voices Share Thoughts – Featured Bitcoin News
September 10, 2023
Lately, the crypto sphere, with bitcoin aficionados in particular, has been buzzing with chatter about the fees pocketed by BTC miners. They’re pondering if these fees will adequately offset the impending 2024 halving and the accompanying drop in revenue. On the other…
CFTC Commissioner Proposes 'First-Ever' US Pilot Program for Crypto Regulation – Bitcoin News
September 9, 2023
A commissioner with the Commodity Futures Trading Commission (CFTC) has proposed the “first-ever” pilot program in the U.S. “to support the development of compliant digital asset markets and tokenization.” The regulator emphasized: “Our principles-based framework…
Bitcoin, Ethereum Technical Analysis: Price Movement in BTC, ETH Stalls to Start the Weekend – Market Updates Bitcoin News
September 9, 2023
Bitcoin consolidated for yet another week, as price entered Saturday around the same point at which it stood on Monday. Despite a brief rally on Thursday, which saw the price move above $28,000, the cryptocurrency has largely been unchanged.
Bitcoin
Bitcoin started the weekend trading close to the $26,000 level, as bulls attempted to break into this price zone.
Friday saw bitcoin peak at…
Biggest Movers: DOGE Moves Away From Support Level, XLM Nears 1-Month High – Market Updates Bitcoin News
September 9, 2023
Dogecoin moved away from a key price floor on Saturday, as the meme coin ended a three-day winless run. Price has traded in the red since Wednesday, leading to a collision with a support point of $0.0620. Stellar also rallied, nearing a one-month high in the…
Fourth Consecutive Week of Decline: NFT Sales Dip 6.75% – Markets and Prices Bitcoin News
September 9, 2023
Non-fungible token (NFT) sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. From September 2, 2023, to September 9, the total sales for this week amounted to approximately $80.69 million, with…
FBI Traces $41 Million Cryptocurrency Theft From Stake.com to Lazarus Group – Featured Bitcoin News
September 9, 2023
The Federal Bureau of Investigation (FBI) says it has confirmed that North Korea’s Lazarus Group was behind the crypto theft of about $41 million from online crypto casino and sports betting platform Stake.com. The FBI has provided a number of Bitcoin, Ethereum, Binance Smart Chain (BSC), and Polygon addresses that received stolen funds from Stake.com.
FBI Attributes $41M Crypto Theft to Lazarus…
