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MENA (Middle East and North Africa) region has been increasingly adopting cryptocurrency for various reasons. In countries with unstable currencies or high inflation rates, cryptocurrency serves as a means to…
Faruk Fatih Özer, the founder of the now-defunct Turkish cryptocurrency exchange Thodex, has been sentenced to 11,196 years, ten months, and 15 days for defrauding 400,000 users of over $2…
The Thodex founder fled the country in 2021 only to be detained in Albania in Aug. 2022 and extradited to Turkey in April 2023.
KuCoin’s most recent report focused on the crypto trends in Turkey estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins. The…
Faruk Fetih Özer – founder of the once-leading Turkish cryptocurrency exchange Thodex – will spend seven months and 15 days in jail for failing to submit necessary documents to the…
Faruk Fatih Özer failed to submit the requested documents to the Tax Inspection Board. He denied being Thodex’s official at the time, which prevented him from presenting the requested books.
Some residents of Turkey have reportedly revived their interest in the cryptocurrency market, more specifically in the stablecoin USDT, following a new decline in their national currency and fears that…
At the Bitcoin Builders Conference, Daniel Fogg from IOV Labs and Rootstock spoke with Cointelegraph about how emerging markets are shaping the future of the crypto space.
The Presidential elections in Turkey (May 14) could have a pivotal role in the country’s future financial condition. They could also affect the local cryptocurrency industry since the two leading…
Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization.…