Blockchain
OKEx Expands to Turkey and Launches Turkish Lira C2C Trading
OKEx, a Malta-based world-leading digital asset exchange, announced its expansion to Turkey by launching Turkish Lira on its C2C (customer-to-customer) fiat-to-token trading platform at its C2C Network Launch Event in Istanbul. The Turkish Lira C2C trading service will be available from early April. To cater to the upcoming traffic from the Turkish market, the Turkish language is now also available on OKEx.com, in addition to the already supported 8 languages.
“Turkey is the country that has one of the highest percentages of crypto ownership in Europe, and it owns one of the fastest growing crypto communities in the world. While Turkey is entering an economic recession, people are finding ways to safeguard their wealth and many of them have turned to digital assets. At OKEx, we are actively looking for ways to serve the community here. By supporting Turkish Lira, we hope to provide an additional solution for the local people to address their concerns on economic stability,” said Andy Cheung, Head of Operations of OKEx.
At the evening networking event hosted yesterday in Istanbul, the Turkish capital, OKEx brought together a group of blockchain and technology enthusiasts to discuss the crypto and blockchain development in the country. During the “mindxchange” session, several crypto leaders and entrepreneurs generated an insightful conversation about the mass adoption process of digital assets in Turkey. The panelists, including Hakan Kayış, Founder of SocialTheGang, Tolga Odoğlu, Managing Partner of Menapay, Eray Eren, Co-founder and CPO of Colendi, Elçin Karatay, Lawyer of Solak & Partners, shared their views about how to promote crypto adoption and discussed the potential of blockchain applications in Turkey market.
Turkish Lira Now Available on OKEx C2C Trading
OKEx C2C trading platform allows users to place orders with self-selected exchange rates and payment methods to buy or sell Virtual Financial Assets with fiat currencies, benefiting users by offering a low-volatility market and zero transaction fee. Turkish Lira C2C Trading Platform will be officially available in early April.
OKEx C2C trading offers a decentralized platform for the buying and selling of Bitcoin (BTC), Tether (USDT), Ethereum (ETH), and Litecoin (LTC). To trade on the C2C platform, users in Turkey have to complete simple steps, including KYC level 1 verification, as well as linking a valid Turkish bank account and a mobile number.
For more information about C2C trading, please visit here.
SOURCE OKEx
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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