Turkish customs enforcements brought down an illegal smuggling operation in what is said to be a record bust against illegal Bitcoin (BTC) mining equipment in the country.  After receiving a tip, Turkey’s Customs Protection’s anti-smuggling and intelligence teams raided a warehouse earlier this week in Karabağlar, İzmir, where they found […]

A team based out of Sydney, Australia is building what it claims is the world’s first “Shariah-guided” decentralized finance platform to navigate a course between the advantages of DeFi and the beliefs of Islamic finance. The Marhaba Decentralized Financial Platform — Marhaba translates to “welcome” in Arabic — is expected […]

Digital currency exchanges in Turkey are now required to report transactions of over 10,000 lira (approximately $1,200) to the government, as part of a state crackdown on financial crimes and tax avoidance. The measures were announced by the Minister of Treasury and Finance Lütfi Elvan, putting the Financial Crimes Investigation […]

Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets. On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. […]

The first quarter revenue of leading U.S.-based crypto exchange, Coinbase, more than tripled its Q4 2020 performance. According to documents filed with the U.S. Securities and Exchange Commission, Coinbase generated earnings of $3.05 per share and total revenues of $1.8 billion. However, the firm fell slightly short of its expected […]

When it comes to bitcoin, MicroStrategy is looking for more. This comes after buying over 20,000 BTC in the first quarter of the year, at an average cost of roughly $52K (for a total cost exceeding $1B). Now, the business intelligence firm led by Bitcoin advocate Michael Saylor is adding […]

Boxing legend Floyd Mayweather will release his own NFTs before the upcoming bout with Youtuber Logan Paul. The exclusive collection celebrates Mayweather’s legacy in life and sport with unique items. Floyd remained undefeated throughout his professional career after winning major titles in multiple weight classes. NFT Collection to Feature Rare […]

Bitcoin appears rather stable as of late. The currency has had some relatively wonky up-and-down moments over the past few weeks, but for the most part, the currency has found some sturdy ground to stand on over the past two days and is trading for a little over $56,000. It […]

The value of bitcoin has taken a serious blow after industrial designer, and engineer Elon Musk announced that it would no longer accept bitcoin as a means of payment for purchasing Tesla vehicles. Musk, also the founder, CEO, CTO, and chief designer of SpaceX; made his announcement on twitter. The […]

Major cryptocurrency exchange Binance is reportedly under investigation by both the United States Department of Justice and Internal Revenue Service in an apparent effort to stymie illegal trading activity from users in the United States. According to a Bloomberg report, the two government agencies are looking into Binance Holdings Ltd as […]