Tether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and establishing a national exchange for boron transactions. Tether Pitches Boron Tokenization Proposal in Turkey Tether, one of the largest cryptocurrency…
Tether is working with Turkey to tokenize its boron reserves, aiming to modernize the commodity’s trading system. Discussions are ongoing with Turkish officials, but no agreements have been finalized on the boron tokenization project. In a recent development, Tether has proposed digital tokenization of Turkey’s enormous boron deposits, according to Bloomberg Crypto. Aimed at upgrading…
October 7, 2024 at 04:55 AM GST updated: October 7, 2024 at 05:16 AM 2 mins read News USDT dominates Brazil’s crypto market with 80% of all transactions in 2023, totaling $54 billion. Tether’s market cap hits $120 billion, maintaining its status as the largest stablecoin globally. In 2024, USDT-Turkish Lira trades on Binance surpassed…
September 30, 2024 at 09:04 AM GST 2 mins read Market News China emphasizes the need for advanced research on cryptocurrency to support the digital economy. Japan plans to reform crypto gaming regulations, streamlining processes for managing in-game assets. Turkey decides against additional taxes on stock and cryptocurrency trading profits, focusing instead on narrowing tax…
With the country’s interest in joining BRICS growing as the 2024 Summit approaches, could Turkey leave NATO for the alliance this year? The nation has continued to discuss the prospect of its position in the BRICS bloc. Moreover, questions have arisen regarding how that could affect its global standing amid a shifting economic landscape. In…
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing tax exemptions. This shift follows concerns about the stock market and broader efforts to stabilize the economy…
TL;DR Binance will remove Turkish language support from its platform due to legal compliance requirements with the local lawmakers. Despite this change, the company’s services and customer support will remain accessible for Turkish users. Abiding by the Rules Binance – the world’s biggest crypto exchange – supports its platform in over 30 languages, including the…
Crypto exchange Bybit has introduced an Islamic crypto account tailored to its Muslim users, according to a Sept. 24 statement. Bybit CEO Ben Zhou shared the update in a social media post on X, stating: “[The] World first Crypto Islamic account is now fully live on Bybit. Shariah-Compliant and Initial offerings include spot trading (limited…
Bybit Türkiye, the partner platform of global cryptocurrency exchange Bybit, has been officially listed as a crypto asset service provider by the Capital Markets Board (CMB) of Turkey. Turkish Regulator Grants Bybit Türkiye Crypto Asset Service Provider Status According to Bybit Türkiye’s announcement, the recognition marks a significant milestone for the exchange, allowing it to…
Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia…
The US has responded to fellow NATO member Turkey, which recently applied to join the BRICS alliance. Turkey formally applied to join the bloc at the beginning of this year. The country aims to increase its global influence and establish new connections beyond its traditional NATO Western allies. The United States was silent in the…
September 6, 2024 at 11:09 AM GST updated: September 6, 2024 at 10:25 AM 2 mins read News Vitalik Buterin has not sold or kept proceeds from L2 tokens since 2018, instead donating them to Ethereum-related or broader charitable causes. Buterin does not plan to invest in L2 tokens or other project tokens, focusing instead…
Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized…
NATO member Turkey has expressed interest and officially submitted the application on Monday to join the BRICS alliance. Turkey is seeking to bolster its influence on the global stage and expand trade beyond its traditional Western allies. The nation is aiming to improve its ties with both the East and the West and extend cordial…
Turkey (Türkiye) formally applied to join the BRICS nations, aiming to increase its global influence and establish new connections beyond its traditional NATO Western allies, according to sources familiar with the situation. President Recep Tayyip Erdogan’s administration sees a shift in the geopolitical center of gravity away from the current developed economies. Turkey’s decision to…