US Judge Approves Removal of FTX Turkish Units From Bankruptcy Case
FTX had asked the court to greenlight the dismissal after Turkish authorities ordered the seizure of most of the crypto exchange's assets in the country. Source
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Turkish
Turkish Nonprofits Raise Millions of Dollars in Crypto for Earthquake Response
Organizations are using cryptocurrencies – borderless by nature – to get international aid into Turkey. Original Source
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FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings – Bitcoin News
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe Turkish authorities “or any liquidator” in the
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FTX Seeks to Remove Turkish Units From Bankruptcy Case
The U.S. estate of the bankrupt crypto exchange doesn’t reckon the Turkish authorities are going to cooperate, after their seized local assets in November Original Source
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Turkish automaker Togg onboards Metaco for crypto custody and governance
Turkish automotive company Togg announced a partnership with Metaco, a digital asset custody orchestration technology provider, to secure its open mobility ecosystem built on Avalanche. Togg’s Mobility-as-a-Service platform (MaaS), a.k.a, Mobility Ecosystem, aims to deliver smart contract-powered use cases — including tokenization of mobility services, assessment of CO2 footprint and nonfungible
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BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues – Altcoins Bitcoin News
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current
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CBRT Announces Successful First Payment of Digital Turkish Lira with More Test Scheduled for Q1 2023
According to CBRT, the Digital Turkish Lira needs vigorous testing to ensure that the underlying distributed ledger technology does not fail after rollout.BBThe Central Bank of the Republic of Türkiye (CBRT) has announced a successful first payment transaction using the Digital Turkish Lira. As the county grapples with high inflation
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Turkish Central Bank Runs First CBDC Tests
The monetary authority said it will conduct further trials in the first quarter of 2023. Original Source
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Turkish Authorities Order Seizure of ‘Suspicious’ FTX Assets
Since Nov. 14, MASAK has also been investigating the exchange's local unit, FTX Turkey. The ongoing investigations have shown that customers' trust was "not duly preserved" by the fallen company, and that authorities have "a strong suspicion of crime" being committed, particularly by Bankman-Fried who "directly or indirectly" controls the
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Turkish Crypto Exchange Founder Faruk to Be Extradited to Turkey to Face Charges of Fraud and Founding a Criminal Organization: Report
Faruk Fatih Öze, the founder of Thodex, one of Turkey's largest crypto exchanges, will be extradited to Turkey after being arrested in Albania in August to face charges of fraud and running a criminal organization, state media aa.com reported on Friday. Original Source
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