Faruk Fatih Özer, the founder of Thodex, one of Turkey’s largest crypto exchanges, facing charges of fraud and running a criminal organization, has been extradited to Turkey and was detained by police upon arrival in Istanbul, state media aa.com reported on Thursday. Source
The saga of the Turkish cryptocurrency exchange Thodex continues, with the founder being finally brought back home in two years after the platform halted trading. Faruk Fatih Ozer, founder and former CEO of Thodex, has been extradited from Albania to Turkey, Cointelegraph Turkey reported. Facing charges of fraud and money laundering, the local police immediately detained the 27-year-old upon his arrival at Istanbul Airport on April 20, the Turkish state-run news agency Anadolu Agency reported. According to the report, the plane carrying Ozer took off from the Albanian capital Tirana…
US individuals and business entities may not have access to the offering. Blockchain-based lender Maple Finance has introduced a United States Treasury pool designed specifically for non-US accredited investors. According to a blog post where it shared the announcement, the new cash management pool will allow investors to invest in one-month US Treasury bills (T-bill). However, US individuals and business entities may not have access to the offering. The post also confirms that the pool is structured in a special purpose vehicle (SPV) manner, with crypto hedge fund Room40 Capital…
Bitcoin (BTC) fell below $29,000 into April 20 as bulls faced a battle for ground reclaimed in March. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Will $30,000 become Bitcoin’s latest “Bart Simpson”? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,800 on Bitstamp. Earlier wicks below $28,600 were quickly bought up, but Bitcoin still threatened to flip $29,000 to resistance on the day, as traders eyed a crucial support zone. $BTC / $USD – Update On support now, so I am scalping a long while we remain…
“The plan and confirmation order contemplate certain transactions and other steps, including making certain distributions to Debtors’ account holders… the parties agree that these transactions may go forward while this appeal is litigated and resolved,” said the document, which is signed by a U.S. Attorney and U.S. Trustee – a Department of Justice official concerned with bankruptcy matters – as well as by lawyers for Voyager and its creditors, but has not yet been agreed by Judge Jennifer Rearden. Source
EV giant Tesla experienced a drop in Q1 2023 earnings due to underutilized new factories and higher production costs. Tesla Inc (NASDAQ: TSLA) saw its net income and earnings slide by more than 20% year-over-year (YoY), according to its Q1 2023 report published Wednesday. Nonetheless, the electric vehicle manufacturer’s revenues and profits for the year’s first quarter were on par with consensus estimates. For Q1 2023, Tesla realized a revenue haul of $23.33 billion compared to the $23.21 billion analysts expected. On the other hand, the company’s earnings per share of 85 cents…
CryptoX – Cryptocurrency Analysis and News Portal EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets. Source The post Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum appeared first on CryptoX. CryptoX Portal
Despite the mixed reactions from critics and enthusiasts, the successful sales of Trump’s NFT Trading Cards show that there’s still significant interest in NFTs. A second series of Former President Donald Trump’s NFT Trading Cards has hit the crypto market and sold out in less than 24 hours. Designed by digital artist, Clark Mitchell, the NFTs are minted on the Polygon chain. The second series features 47,000 digital collectables priced at $99 each. With varying levels of rarity, the entire collection sold out in less than 24 hours. According to…
The price of Dogecoin (DOGE) has almost doubled after bottoming out at $0.0491 in June 2022, alongside a similar recovery across the cryptocurrency market. On April 20, DOGE is trading for as high as $0.0942, up around 94% versus the last year’s bottom. But, despite its impressive rebound, its price is still 88% below its all-time high of $0.76 set in May 2021. Thus, the DOGE/USD pair remains far from establishing a decisive bullish reversal on longer timeframes. DOGE/USD three-day price chart. Source: TradingView Dogecoin’s bullish reversal ahead? Dogecoin price…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The cryptocurrency market has been on a rollercoaster ride as bitcoin (BTC) tumbles below the $29k mark, down from its 90-day high of $31,005 on April 14. With BTC’s current market price at $28,949 as of April 20, let’s understand the factors contributing to this decline and its implications for the future. BTC’s 24-hour price chart | Source: CoinMarketCap Binance’s large sell order and surging UK inflation impact market sentiment The recent sell-off in the crypto…