The Hedera Global Governing Council has approved the allocation of 4.86 billion Hedera, the network’s native cryptocurrency, for advancements in decentralized governance and development. The majority of these funds, amounting to 4.248 billion HBAR, will be received by the HBAR Foundation, the Hashgraph Association, and the DLT Science Foundation, as per a blog post by […]
The Turkish government is in the final stages of completing technical studies for its crypto asset regulation. This regulation will introduce licensing and operating standards for trading platforms. The announcement was made by Turkey’s Finance Minister, Mehmet Simsek.In a recent interview with the state-owned news agency Anadolu, Simsek confirmed that the regulatory framework for crypto […]
The IOTA Foundation had a productive fourth quarter in 2023, with several teams achieving significant milestones. The Foundation’s progress towards IOTA 2.0 was outlined in its Q4 report, which also highlighted major plans for the first quarter of the following year.Among the major advancements were the IOTA 2.0 introduction campaign, the establishment of the first […]
Turkey’s Finance Minister, Mehmet Simsek, has announced that the country’s cryptocurrency regulations are nearing completion. This is a significant move towards creating a regulated environment for cryptocurrency trading platforms in the country. The forthcoming regulations aim to reduce the risks associated with cryptocurrency trading.The primary goal of these regulations is to aid Turkey’s removal from […]
Phoenix Group, a crypto mining firm based in Abu Dhabi, has announced its plan to buy $187 million worth of new Bitcoin mining rigs from Bitmain Technologies. This move is part of a series of steps to expand their mining operations. The purchase was conducted through Phoenix’s subsidiary, Phoenix Computer Equipment, and Bitmain dealer Cypher […]
Phoenix Group, a crypto mining firm based in Abu Dhabi, has announced its plan to buy $187 million worth of new Bitcoin mining rigs from Bitmain Technologies. This move is part of a series of expansions to their mining operations. The purchase was conducted through Phoenix’s subsidiary, Phoenix Computer Equipment, and Bitmain dealer Cypher Capital […]
Turkey is making significant strides in its crypto regulation, with the legal framework now reaching the technical stage, according to the country’s Minister of Treasury and Finance, Mehmet Simsek. This development is part of the country’s efforts to align its anti-money laundering laws with the Financial Action Task Force (FATF) standards and get off the […]
Mehmet Şimşek, Turkey’s Minister of Treasury and Finance, has revealed some details about the country’s upcoming crypto legislation. The government is set to license trading platforms, provide legal definitions for key terms in cryptocurrency, and adhere to FATF (Financial Action Task Force) guidelines.Şimşek confirmed that the crypto framework for the Turkish market is currently in […]
Phoenix Group PLC, a cryptocurrency mining and blockchain firm listed on the Abu Dhabi securities market, is investing $187 million to strengthen its position in the Bitcoin mining sector. The company’s subsidiary, Phoenix Computer Equipment, has announced an agreement with Bitmain Development PTI Ltd to purchase the latest mining machines. The deal, concluded through Cypher […]
Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, has unveiled some details of the forthcoming cryptocurrency regulation in the country. The government plans to provide legal definitions to key concepts in cryptocurrency, adhere to the Financial Action Task Force (FATF) standards, and license trading platforms.On January 10, Şimşek confirmed to the Anadolu Agency that the […]
