<p><img alt="Founder Of Defunct Turkish Crypto Exchange Thodex Handed 11,000-Year Jail Term For $2B Scam" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" height="700" src="https://zycrypto.com/wp-content/uploads/2023/09/Founder-Of-Defunct-Turkish-Crypto-Exchange-Thodex-Handed-11000-Year-Jail-Term-For-2B-Scam.jpg" width="1200" /></p>Faruk Fatih Özer — the founder and former CEO of Turkey-based Thodex — was sentenced to 11,196 years in prison on Thursday by a court in Istanbul, according to reports. Faruk, who managed the exchange until it went bust in 2021, was found guilty of aggravated fraud, leading a criminal organization, and money laundering. “I [&#8230;]

Founder Of Defunct Turkish Crypto Exchange Thodex Handed 11,000-Year Jail Term For $2B Scam

Earlier today, Visa Installment’s product head and former employee of Ripple, Josh Giersch, criticized Max Keiser for his problematic stance on XRP. On September 24, Keiser, who is the Bitcoin advisor to El Salvador’s president, claimed that XRP is centralized, triggering a range of reactions from the Ripple community on X (formerly known as Twitter). […]
The post BTC Advisor Called Out By Visa Product Head & XRP CTO For Tweet appeared first on Coin Edition.

BTC Advisor Called Out By Visa Product Head & XRP CTO For Tweet

The U.S. Securities and Exchange Commission (SEC) is opposed to Coinbase’s current involvement in Celsius’ bankruptcy plan. Celsius, a crypto lender, originally filed for bankruptcy in July 2022 after its native asset plummeted by over 99% and it was unable to fulfill customer withdrawals. The bankrupt lender’s most recent Chapter 11 plan entails using Coinbase as an […]
The post SEC Skeptical of Coinbase’s Role in Crypto Lending Firm Celsius’ Bankruptcy Process appeared first on The Daily Hodl.

SEC Skeptical of Coinbase’s Role in Crypto Lending Firm Celsius’ Bankruptcy Process

The largest crypto exchange in the world is exiting Russia and in the process of selling its operations to a local business. In a new press release, Binance says that it will be selling the entirety of its Russian business to local crypto exchange CommEX and completely leaving the nation – a process that will […]
The post Binance Leaves Russia, Enters Agreement To Sell Operations to Local Firm appeared first on The Daily Hodl.

Binance Leaves Russia, Enters Agreement To Sell Operations to Local Firm

Worldcoin’s native token, WLD, has grabbed the attention of the cryptocurrency community, registering an impressive 80% increase in value over the past fortnight. This surge has piqued the interest of […]
The post Worldcoin’s WLD Token Makes Waves in Crypto Market appeared first on BitcoinWorld.

Worldcoin’s WLD Token Makes Waves in Crypto Market


                    
                    The Foundation plans to issue $15 million per year in community grants to fund DeFi projects. 
                    Decentralized exchange (DEX) Uniswap is seeking an on-chain vote to approve the second tranche of the $74 million funding for its developer Uniswap Foundation.According to the September 27 announcement, the second tranche of funding, with a buffer of 10% for price volatility, is worth an estimated $62 million and will be decided via an on-chain vote on October 4. If approved, the funds will be used for operations and research grants. The Uniswap Foundation is responsible for growing core protocol metrics, building a pipeline for innovation, and aligning incentives for stakeholders of the popular DEX. Developers explained that over the next year, they plan to build a software development kit for Uniswap V4 and support its subsequent migration, having already received $17.3 million in the first tranche for this target. The Uniswap Foundation team said the funding request was split in two to allow more time to register its legal entity and receive non-profit 501(c)4 status from the Internal Revenue Service, which developers say was finalized in spring before receiving the larger lump sum payment.In the last 12 months, Uniswap Foundation disclosed a total of $4.8 million spent on research grants, $3.15 million for operations, and a $1.29 million loss on capital from the market decline of Uniswap (UNI) tokens between the initial governance proposal and receipt of funds. "The UF has $53.2M in grants capital remaining to disburse. We plan to disburse $10-$15M per year, with the amount disbursed per year increasing over time," developers wrote. Related: Judge dismisses class-action suit against Uniswap over token scam losses



Uniswap Foundation targets $62M in additional funding

Renowned crypto exchange Kraken has announced its foray into the world of stock trading in the United States. This bold step signifies a significant convergence of the digital and traditional financial markets, potentially reshaping how investors buy and sell stocks. Kraken Makes Ambitious Leap As highlighted in a recent report, Kraken’s strategic expansion will be 
The post Breaking: Kraken to Launch Stock Trading in the US appeared first on CoinGape.

Breaking: Kraken to Launch Stock Trading in the US

The Toronto Sun reports and emergency meeting of parliament after reports of cocaine found on board Prime Minister Trudeau's aircraft. This comes in the wake of the Speaker of the House of Commons taking the fall for Trudeau's NAZI parade. And today a chorus of calls for Trudeau to resign. Will he do it? 

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