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The founder of a Turkish cryptocurrency exchange has reportedly fled the country with billions of dollars in user assets. On Thursday, Istanbul-based Thodex posted a notice on its website informing users that the exchange would be closed for several days in order to handle a "sales" process. However, suddenly unable to access their cryptocurrency accounts or withdraw funds, users began to voice concerns that they had been scammed. Thousands of Turkish citizens have now filed criminal complaints against the company, alleging that they have been victims of an exit scheme. A lawyer acting for the complainants said the allegedly stolen funds were "irretrievable.



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After a rough week, Bitcoin's BTC price fell further today on news that China would crack down further on cryptocurrency usage. This new drop takes it to the lowest point since early February.

Chinese regulators have banned financial institutions, including banks and online payment firms, from providing any cryptocurrency services, stating digital currencies are not real currencies and cannot be used as such.

This means Chinese residents can still hold crypto but cannot trade them or use them as a form of payment.

And companies cannot offer interest-earning crypto accounts or other such products. The Ascent's picks for the best online stock brokers Find the best stock broker for you among these top picks. The move is not entirely new.

Cryptocurrency exchanges were banned in China in But the new restrictions tighten up loopholes in the existing regulations and urge banks to be more vigilant in monitoring crypto money flows. The three central organizations said they were concerned about high price volatility and lack of consumer protection in the event of losses. In recent weeks, we've seen similar moves in Turkey and India.

Last month, Turkey banned the use of cryptocurrencies for payments. And in India, the government looks likely to appoint a panel of experts to introduce new regulations. Market analysts warn that other countries may now follow suit. Top cryptocurrency exchanges and price tracking sites such as Coinbase, Binance, and CoinMarketCap saw outages due to the high volume of traffic. If you're a cryptocurrency investor, you may already be used to dramatic price swings. Even so, it's normal to be concerned about such a big drop.

Bitcoin has seen huge gains this year as cryptocurrency has become more mainstream. But this week's activity is a reminder that prices can also fall.

That's why it makes sense to invest with a long-term perspective. That's why you'll want to keep your eyes firmly on the long-term value of your assets. As long as you only invest money you can afford to lose, you can avoid panic selling and wait for the prices to rise again. The Ascent's picks for the best online stock brokers. Find the best stock broker for you among these top picks.



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Bitcoin shed nearly a third of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. Bitcoin was 12 per cent down at 9. By The broad selloff in cryptocurrencies also saw Ether, the coin linked to the Ethereum blockchain network, plunge more than 10 per cent. It too rebounded to losses of 3. The plunge follows a volatile week for financial markets.

The latest Tweets from Coinbase (@coinbase). Coinbase is the easiest place to buy and sell crypto. For support ➡️ @CoinbaseSupport. Remote First.

10 Top Crypto Exchanges for 2022

After a rough week, Bitcoin's BTC price fell further today on news that China would crack down further on cryptocurrency usage. This new drop takes it to the lowest point since early February. Chinese regulators have banned financial institutions, including banks and online payment firms, from providing any cryptocurrency services, stating digital currencies are not real currencies and cannot be used as such. This means Chinese residents can still hold crypto but cannot trade them or use them as a form of payment. And companies cannot offer interest-earning crypto accounts or other such products. The Ascent's picks for the best online stock brokers Find the best stock broker for you among these top picks. The move is not entirely new. Cryptocurrency exchanges were banned in China in


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best coinbase to buy xmas turkey

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Turkey is a newly industrialized, developed nation according to the CIA. Its economy also has strong production of ships and other transportation equipment, construction materials, consumer electronics, and home appliances.

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Finder makes money from featured partners , but editorial opinions are our own. Advertiser Disclosure. Where the Eastern and Western worlds meet, Turkey is a destination for those with a curiosity of history. Grab a snack along the cobblestone streets or take a walk along the ancient trade route of the Bosphorus River to feel a fusion of the modern West and the more traditional Eastern cultures. Get lira from ATMs using your debit card or travel card — withdrawing cash on credit is not advised.


Wall Street looks to cash in on Bitcoin as new fund opens cryptocurrency to big business

Bradley Chambers. A few weeks ago, Apple CEO Tim Cook made headlines when he said he personally owns cryptocurrency while mentioning that Apple is looking at it from a technology perspective, but not from a treasury decision. What will Apple do with Bitcoin and cryptocurrency? I would characterize it as there are things that I would not do like our cash balance. So if they want to do that, they can, you know, invest directly in crypto through other means. And so I would not do that. As a mane of tender, but there are other things that we are definitely looking at. Apple has plans for its retail financial arm.

First, you know that the state of crypto is very, very good. This has been a banner year for cryptocurrencies. Bitcoin rose from $ a year.

By Paul R. New York CNN Business The decade is almost over — and one incredibly volatile investment stood out from all the rest as the best of the s. Want to guess what it was?


Coinbase said Friday it has agreed to buy data analytics platform skew, allowing the leading cryptocurrency exchange to beef up its offerings to its growing base of institutional clients. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

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Libertarian technologists who believed bitcoin would be the foundation of a new world order saw the moment as an apotheosis. Everyone else saw a bubble. Everyone else was right, and the bubble burst.


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