In the last week of 2024, Turkey announced a new cryptocurrency law, inspired by positive regulatory developments in major jurisdictions around the world, including Europe.

According to a document published in the Official Gazette of the Republic of Turkey on December 25, under the new law, users making transactions of 15,000 Turkish Liras ($425 USD) Users making transactions of 15,000 Turkish Liras ($425 USD) or more will be required to provide identification information to the country's #cryptocurrency providers.
The new anti-money laundering (AML) regulations are aimed at preventing the laundering of illegal and terrorist money through cryptocurrency transactions. However, cryptocurrency providers are not required to collect information on transfers of #digital assets worth $425 or less.
Turkey's new bill comes a week before the world's first comprehensive crypto regulator, the European Market for Cryptoassets (MiCA), takes effect on December 30, when interest in cryptocurrency regulation
will Turkey's crypto providers stop "risky" cryptocurrency trading?
If providers cannot obtain the necessary information from senders, cryptocurrency transfers may be classified as "risky" and the service provider may consider suspending the transaction, a new draft law says. If sufficient information cannot be obtained, the service provider may consider denying the transfer, restricting transactions with the relevant financial institution or suspending the business relationship.
As of September 2023, according to Chainalysis, Turkey is the fourth largest cryptocurrency market in the world with a turnover of $170 billion, ahead of major markets such as Russia and Canada.
The Capital Market Board of Turkey (CMB) has received a total of 47 applications from cryptocurrency companies for licenses under the new regulations until August 2024, indicating new opportunities for cryptocurrency companies in Turkey.

Read us at: Compass Investments
#CryptoMarketTrends #CryptoTrends #CryptoAdoption

Robinhood has discussed the possibility of owning bitcoin, but has no plans to do so yet.

Although the company does not own #bitcoin , Robinhood's share price is closely correlated with the cryptocurrency's performance.
#Robinhood intends to take a conservative approach to #digital assets, but plans to increase its presence in the market by acquiring Bitstamp.
Robinhood CEO Vlad Tenev recently discussed the possibility of keeping bitcoin as part of the trading platform's retained earnings. He stated that such a possibility has been discussed many times within the company. However, he made it clear that Robinhood has no plans to do so at the moment. While the idea of holding bitcoins has surfaced from time to time, as the company has become increasingly interested in cryptocurrencies, it seems to be more focused on offering its customers services to buy and sell digital assets.
We're not ruling it out. We are not doing that at the moment. We don't do investment management, he added.
Although Robinhood is not following the example of large companies like MicroStrategy or Tesla that buy bitcoins and hold them on their balance sheets, Tenev said that cryptocurrencies He emphasized that Robinhood's share price is already highly correlated with bitcoin, even without holding it in treasury. This is due to the growing correlation between the #cryptocurrency market and shares of trading platforms like Robinhood. The company's stock price has risen 202% this year, while bitcoin has risen 110%.
Although the company does not hold bitcoin, Robinhood's stock price performance is influenced by developments in the cryptocurrency market and reflects the growing crossover between traditional trading platforms and digital assets. However, Tenev also notes that the bitcoin acquisition could complicate the company's image among investors.
Read us at: Compass Investments
#BlockchainFuture

Highlights The Hong Kong Securities Regulatory Commission (SFC) has licensed four cryptocurrency trading platforms under an enhanced regulatory framework for virtual assets, bringing the total number to seven:

Newly licensed platforms must conduct an independent vulnerability assessment before expanding their operations. Regulatory concerns need to be addressed, including
the SFC in Hong Kong has granted virtual asset trading platform licenses to four more #cryptocurrency trading platforms: Hong Kong-based Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX and BVI-based Thousand Whales Technology.
the latest list of licensed platforms was announced on Thursday. These platforms will operate in a restricted mode until the problems identified in the Hong Kong SFC inspection are rectified. Before the restrictions can be lifted, these platforms must undergo independent vulnerability assessments and penetration tests.
The license approval is a new step in Hong Kong's efforts to strengthen the regulatory framework for virtual assets and boost Hong Kong's appeal as a crypto hub, two years in the making. It is also part of a campaign launched
This initiative comes at a time when China has strictly banned commercial activities related to #cryptocurrencies . Instead, Hong Kong is carving out a niche as a gateway for #digital assets such as #bitcoin , which has surged 60 percent in the past six months and recently crossed the $100,000 mark.
SFC Hong Kong, with the help of the platform and its own external experts, will conduct a second round of verification. If there are no problems, the platform will be allowed to expand its operations. The recent notification details the process of obtaining a license and provides guidance on the next steps.
Read us at: Compass Investments
#CompassInvestments

Michael Saylor is throwing a bitcoin party on New Year's Eve.

MicroStrategy founder Michael Saylor is planning a New Year's Eve party in Miami Beach to celebrate his #bitcoin (BTC) success. Attendees will celebrate his company's rise to record highs, his entry into the Nasdaq 100 Index, BTC's $100,000 breakout, and Saylor becoming the first billionaire VC.
He's throwing a party at his mansion.
It's an event. The guest list is closed, but hundreds of people have applied to attend; fans are already vying for seats on X's website, complaining that they still haven't received their invitations. For most #microstrategy investors, the invites will never arrive.
Sailor announced plans for a $100,000 #BTC party in November 2021, at a previous high of $69,000, hoping to attend the party in early 2022. Some wanted to do so, but the collapse of Three Arrows Capital, Terra LUNA, Celsius, Voyager and FTX clearly delayed those plans.
He repeated this promise for years, including the day BTC hit the magical $100,000 mark (December 5, 2024). He's been repeating this promise for years, including the day BTC reached the magic $100,000 mark (Dec. 5, 2024).
Seiler recently compared BTC's success in the U. S. to manifest destiny (the imperialist beliefs that justified the conquest and enslavement of white settlers in the 1800s).
At Seiler's party, fans also mindlessly raised their hands in puns.
Seiler recently spoke about her party live on air, being congratulated by CNBC for leading MicroStrategy in 2024 and President-elect Donald Trump's focus on #digital assets. He praised the appointment of the heads of key regulatory agencies such as the Treasury Department and the Securities and Exchange Commission.
He also marveled at the growing majority of conservatives and said: The red wave is incredibly favorable for bitcoin and the crypto industry as a whole.
Read us at: Compass Investments
#BlockchainFuture

Hackers attacking decentralized exchange (DEX) KyberSwap have been seen moving millions of digital assets from one blockchain to another.

On February 26, analytics firm PeckShield detected the moves from the attacker's wallet address to KyberSwap.
According to the #blockchain data, the hacker moved 798.8 Ether (ETH) worth nearly £2.5 million from Arbitrum to the #Ethereum network.
In addition to the £2.5 million, the hacker also transferred about $1 million in stable coins. A wallet associated with Exploiter transferred £826,500 in stable #Dai (DAI) coins to another wallet.
The KyberSwap hack was one of the biggest hacks of 2023, with DEX notifying the community on November 23 that a "security incident" had occurred and advising users to withdraw funds.
It was initially reported that around £46 million of #digital assets had been withdrawn as a result of the hack. However, it was later revealed that the total loss amounted to £49 million.
That day, the hacker also left a message online for the KyberSwap team saying that negotiations would begin "after a full rest".
In response, the KyberSwap team offered a reward of £4.6 million in exchange for 90% of the stolen funds.
However, the reward negotiations took a nasty turn when hackers began to express their dissatisfaction with KyberSwap's approach.
On November 29, the hacker posted online that he would postpone negotiations if the KyberSwap team continued to threaten legal action or threats, which the hacker described as unfriendly.
The hackers then made an unexpected demand, demanding full control of KyberSwap and all of its assets.
The hackers also claimed temporary full right and possession of KyberDAO, which acts as Kyber's governance structure, and all Kyber-related documents.
The company was given until December 10, 2023 to make a decision before the "contract expires.

Read us at: Compass Investments
#CryptoAdoption

The crypto industry is asking the House of Representatives to pass the important FIT21 bill next week, aimed at clarifying U.S. regulations and maintaining global competitiveness.

-Share:
The crypto industry is asking the House of Representatives to pass the important FIT21 bill next week, aimed at clarifying U. S. regulations and maintaining global competitiveness.
The FIT21 bill, which aims to create a comprehensive US regulatory framework for #digital assets, is expected to come up for a vote next week. The #cryptocurrency sector has urged House leaders to support this important bill. Many industry representatives have signed letters to key members of the U. S. House of Representatives advocating for passage of the 21st Century Financial Innovation and Technology Act.
The letter emphasizes that passage of the bill will help the United States remain globally competitive as the House of Representatives stands ready for a vote. The vote is a historic moment for the U. S. cryptocurrency industry and could lead to long-awaited regulation. Major associations and companies including Coinbase, Kraken and Andreessen Horowitz have been criticized by House Speaker Mike Johnson (Louisiana Republican) and Minority Leader Hakeem Jeffries (New Jersey Democrat). A vote on the Financial Innovation and Technology for the 21st Century Act (FIT21) is scheduled to take place next week, with action scheduled for mid-week.
The bill seeks to designate the CFTC as the primary regulator of digital assets and define its responsibilities, as opposed to the SEC, by providing consumer protections, including rules for the safekeeping and treatment of customer assets in bankruptcy, as well as imposing safeguards against risky behavior.
Passage of this bill has the potential to advance #blockchain technology and digital assets, expand access to financial services, and protect national security," the letter said. "It is critical for the United States to maintain its leadership in financial innovation.

Read us at: Compass Investments
#transscreen.ru #TrendingTopic

Chamber calls for a cryptocurrency-friendly stance in open letter to Vice President Kamala Harris.

Chamber calls for a cryptocurrency-friendly stance in open letter to Vice President Kamala Harris.
On July 22, the Digital Chamber released an open letter to U. S. Vice President Kamala Harris, urging her to take a more cryptocurrency-friendly stance if she wins the Democratic Party's presidential nomination in 2024.The letter emphasizes the need for Harris to embrace the potential benefits of #digital assets and #blockchain technology, and says her campaign could play a key role in changing public perceptions of the Democratic Party's stance on these transformative technologies.The letter outlines three key recommendations for Harris' campaign.First, she advocates for the inclusion of pro-digital asset language in the Democratic Party platform, emphasizing the benefits and innovations of #blockchain technology.Second, it recommends selecting a vice presidential candidate with experience in digital asset policy, and cites Colorado Governor Jared Polis as a candidate with extensive experience in this area.And finally, it calls for engagement with industry leaders to develop supportive policy through an open dialog with digital asset and blockchain experts.The Digital Chamber noted the perception that the Democratic Party has a negative view of digital assets, largely due to the cautious and sometimes Biden himself has publicly stated that he fully supports Harris's candidacy.The announcement of the endorsement follows recent political events that have caused uncertainty in the #cryptocurrency market.In a social media post on July 21, Biden announced that he would not seek re-election because he wanted to focus on his remaining presidential duties.After Biden left office, attention was focused on how a possible Harris presidency would affect the regulation of cryptocurrencies.

Read us at: Compass Investments

#CryptoUpdates

Donald Trump has doubled his support for cryptocurrencies.

The former president's stance on #cryptocurrencies has changed 180 degrees.
While Trump endorses cryptocurrencies, Biden is in danger because of his anti-cryptocurrency stance.
Former President Donald Trump is diving headfirst into the #cryptocurrency wave, especially now that it means outflanking his main rival, President Joe Biden. The leading Republican candidate has been on the rise lately, and even while accepting campaign donations in various cryptocurrencies, including meme coins like Doge and SHIB, he has embraced the crypto industry with open arms.
In a new post on his social media platform, Trump reiterated his love for cryptocurrencies and said he fully supports #digital assets in the race for the White House.
'I am very positive and open-minded about cryptocurrency companies and everything related to this new and rapidly growing industry,' Donald Trump wrote in his signature style typed in large letters. The former president emphasized that the United States should be the leader, "there is no such thing as second place.
Trump didn't miss the opportunity to throw shade at Biden, saying his rivals hope to bring the crypto industry "a slow and painful death. ""
The former president's new social media post completely reverses the 180-degree stance he took a few years ago when he was skeptical of cryptocurrencies compared to the U. S. dollar.
A man in neat clothes examines documents while sheets of paper fly around him.
Can #Ripple win against the SEC thanks to a new bill?
Two elderly people in wheelchairs, facing each other, show their middle fingers in an old abandoned building.
A robot hand holds a TON token and sends a message via telegram.
"The currency of this world should be the dollar. And I don't think we should have all the bitcoins in the world.

Read us at: Compass Investments
#CryptoUpdates

Highlights. Vice President Kamala Harris promises to spur innovation in artificial intelligence and digital assets while protecting consumers.

Vice President Harris raised $27 million at a fundraiser in New York, and the Democrat raised $361 million in August, beating Trump by $130 million.
Vice President Kamala Harris, who will face Donald Trump in this November's election, expressed her support for new technologies such as artificial intelligence and #cryptocurrencies at a Sept. 22 campaign fundraiser.
This is the first time Harris has spoken publicly about cryptocurrencies, which will be one of the emerging industries in the 2024 presidential election.
Speaking at an event at Cipriani Wall Street in Manhattan, Vice President Kamala Harris said her administration will foster innovation while protecting the interests of investors and consumers.
We will encourage innovative technologies such as artificial intelligence and #digital assets while protecting the interests of consumers and investors, she said.
For an industry that has grown rapidly over the past few years, cryptocurrencies pose a significant challenge for 2024. In particular, key executives and investors sharply condemned Gov. Biden's approach to regulation.
Many #cryptocurrency supporters took Harris' remarks as an attempt to prove that her position is different from President #Joe Biden's. Judging from the remarks, Harris seems to recognize some value in the industry, but is eager to introduce consumer protections after a series of high-profile cryptocurrency crashes. Meanwhile, his Republican rival Harris has already taken a friendly stance on cryptocurrencies, with Trump criticizing existing regulation and promising to oust SEC Chairman Gary Gensler if he gets into the White House. He made headlines last week after paying with bitcoins for a burger at a cryptobar in New York City.
Read us at: Compass Investments
#MarketInsights

On September 27, Howard Lutnitz, CEO of Cantor Fitzgerald, appeared on Fox Business and called on regulators to recognize bitcoin as a commodity like gold or oil.

In an #interview on Morning with Maria, Mr. Lutnitz emphasized bitcoin's status as a commodity and called for a clearer regulatory framework for the #cryptocurrency sector. #Bitcoin is a commodity. It should be treated like gold or oil. It's just a commodity, he said.
In response to Maria Bartiromo's question about whether commodities traded on the Cantor Fitzgerald exchange will be regulated in the same way as stocks, Lutnick expressed confidence that the line between commodities and stocks will erode, perhaps within 20 years. He expressed concern that regulators are struggling to recognize the importance of Bitcoin and the broader digital asset market, saying:
Let's face it. They have absolutely no understanding or knowledge of how to deal with cryptocurrencies and #digital assets.
Read us at: Compass Investments
#CryptoTrends

Is Crypto.com safe: analysis - Ecoinimist

Wide range of services: crypto. com offers everything from trading and betting to earning interest on #cryptocurrency deposits, providing users with many ways to deal with #digital assets.
Cryptocurrency rewards and cashback: the platform's Visa card offers attractive rewards in the form of cashback on purchases, which is an important factor for users.
Customer support: Crypto. com's support team is available around the clock to answer questions and provide advice, which is highly appreciated by many users.
the wide range of services offered by this exchange is one of the main attractions for users. The platform's ability to cater to a variety of financial needs, from trading to passive income, attracts users seeking versatility.
The Crypto. com rewards programs, including cashback for purchases made with Visa cards, are particularly popular with users. These programs encourage user engagement with the platform and offer tangible benefits that increase user satisfaction.
Read also: What does 100x leverage mean for cryptocurrency trading?
Having a 24/7 support team is an important benefit for Crypto. com users. It improves the overall user experience by ensuring that help is readily available in case of problems.
Commission structure: some users have noted that Crypto. com's commission structure is complex and may be slightly higher than other platforms. Users should carefully review the fees associated with various transactions.
Confirmation Process: The Crypto. com account confirmation process can be time-consuming for some users, leading to frustration, especially for those who want to start trading as soon as possible.
Some users find the fee structure complicated, but Crypto. com provides detailed documentation to help users understand the costs associated with various transactions.

Crypto.
Is Crypto. com safe for beginners?

Read us at: Compass Investments
#transscreen.ru #TokenEconomy

In this post. Economist Peter Schiff expressed pessimism about the duration of the global economic boom after Trump won the presidential election.

According to the economist, the boom was driven by consumer #optimism fueled by misplaced confidence in the president-elect.
U. S. stock indexes and #digital assets reached all-time highs and the U. S. dollar reached its highest level in almost a decade.
Peter Schiff believes that Trump's economic boom is gradually gaining momentum. The economist added that consumer optimism will not last long, as the current economic problems will worsen.
economist Peter Schiff expressed concern about Trump's current economic boom. The economist's comments sparked a discussion on website X, with more people voicing their opinions on the possible consequences of the economic boom.
Peter Schiff said that consumer optimism about the economy has been gradually increasing since Trump's victory. He added that while the booming economy is likely to continue for some time, it will not solve the problems that voters expected Trump to solve.
Consumer optimism is growing and will continue to grow for some time, as false confidence in the boom caused by Trump continues to spread. However, the good mood won't last long as all the economic problems that voters hoped Trump would solve have worsened.
After Trump was re-elected president of the United States, U. S. stocks hit new highs and the dollar rose against other international currencies.
According to CoinMarketCap, #bitcoin also hit an all-time high a few days after the president-elect's victory. During the campaign, Trump announced his intention to prioritize digital assets, fueling current consumer optimism.
During the campaign, Trump also promised to make the U. S. a global bitcoin superpower.
Among his promises is the removal of U. S. Securities and Exchange Commission Chairman Gary Gensler, who led various crackdowns on digital asset companies during the Biden administration.

Read us at: Compass Investments
#CryptoTrends #TokenEconomy