Finance Ministry and Local Regulators from Turkey to Study Cryptocurrencies Together 0 39

From the beginning of the year 2020, the cryptocurrency and blockchain business has been booming. The acceptance rate of the crypto/blockchain technology around the world has been on a constant rise and there is no stopping it.

With time, the platform has gained individual-level adoption, retail lever adoption, mainstream level adoption, and now, the industry is on the verge of global adoption.

There are many countries from all over the world that are currently monitoring the situation and position of the crypto-blockchain industry. Countries are constantly looking into different aspects of adopting crypto-blockchain technology.

Some countries are adopting the technology through purchasing it on a large scale. There are countries that are acquiring cryptocurrencies through large-scale cryptocurrency mining processes. Then there are countries adopting it by launching their own central bank digital currencies (CBDCs).

Turkey is the country that is currently looking into all the options that it has in front of it. However, there are possibilities that Turkey would also be leaning towards the central bank digital currency sector.

It was back in 2020 when Turkey had revealed that it intended to jump into the cryptocurrency-blockchain sector. It announced itself being a welcoming and friendly country to the crypto-blockchain technology and its adoption.

However, the country officials did state that they were going to wait and analyze the situation before making any decisions. They had stated that they would stick with the “wait and see” policy for the crypto-blockchain adoption.

Now it seems that the country has gathered enough confidence and strength to make its move in the crypto-sector. It has been revealed by the sources that the Turkish government has now become active around the crypto-blockchain adoption.

It was on Monday, March 1, 2021, when the Finance Ministry from Turkey opened up about cryptocurrencies. The ministry was seen expressing its concerns and point of view surrounding cryptocurrencies through the Twitter platform.

The ministry revealed that it was concerned about the current situation of the crypto-blockchain industry all over the world. The ministry also revealed that it is currently in collaboration with several local regulators in regards to the same concern.

The ministry has suggested that it is currently going through all the possibilities of adopting the cryptocurrency technology. The government is working closely with the country regulators to understand the crypto-sector.

Above all things, they are concerned about the pros and cons of having the cryptocurrency industry onboard. The government wants to ensure that all the actions and technologies it adopts are for the welfare of the citizens in Turkey.

Following the tweets made by the Turkish Finance Ministry, more reports have started emerging around the government collaborations.

The sources have revealed that the central bank of Turkey, the Turkish finance ministry, and two other major regulators are currently working on adoption of the cryptocurrencies in the country.

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Concern Shared by Roger Ver Over GoDaddy Mistakenly Listing Bitcoin.com for Sale 0 550

Just recently, the owner of Bitcoin.com, publicly announced that his firm is not for sale. Bitcoin.com is a prominent cryptocurrency wallet, mining, and news provider. The firm has gained a lot of recognition and adoption over the course of time and the news of the firm’s sale somewhat concerning.

However, the owner of Bitcoin.com has completely turned down the reports against the sale of the company. He clarified that the company has been performing really well and there is no way that he would ever be selling the company.

According to reports, Bitcoin.com ended up appearing as a premium domain on GoDaddy, as up for purchase. As per sources, the domain started appearing for sale through the platform on Monday, April 5, 2021.

GoDaddy is known all over the world for being the largest registrar for domains. The domain for Bitcoin.com appeared to be available for purchase at a price of a minimum of $100 million.

Right after the incident, the owner of Bitcoin.com, Roger Ver, took it to the Twitter platform to reach out to GoDaddy. Through the Twitter platform, he reached out to GoDaddy and demanded to take the listing of Bitcoin.co off their platform for purchase.

In the Tweet, Roger Ver intimated to the higher-ups of GoDaddy that the listing needs to be removed at the earliest. He stated that the listing of Bitcoin.com being on sale is literally damaging the name and reputation of his brand.

For several years, Roger Ver has been a dedicated investor in cryptocurrencies. He has been linked with the investment sector for cryptocurrencies since early 2011. Following the announcement of the listing, Ver also reached out to one of the crypto-news platforms “Cointelegraph” confirming that the listing posted by GoDaddy is fake.

He stated that as per him it seems to be an attempt by BTC maximalists in order to hamper the reputation and demand of BCH. He stated that this is not the first time they have tried to mingle with Bitcoin.com and tried to destroy its public image.

Prior to the recent incident, the BTC maximalists had attempted to bombard Bitcoin.com emails with spam and the concerning part is that the Bitcoin.com emails seem to be receiving them even to this day.

According to the Bitcoin Cash (BCH) enthusiasts and proponents, the concept of the digital asset is closer to the ideology of Satoshi Nakamoto that Bitcoin (BTC) ever was.

As per the data analyzing firms, the price of BCH token has gained an 11.3% increase on Monday. At the time of writing, the price of the BCH token is trading at $624 per token.

At the time of writing, the listing which showed that Bitcoin.com was up for grabs has completely been removed by the GoDaddy management.

Facebook Data of Half a Billion has been leaked 0 681

Just recently, a security analyst has shared an extremely alarming as well as concerning revelation for half a billion people. The security analyst has revealed that a hacking forum has recently received a huge amount of sensitive personal information of online users.

The analyst has revealed that the sensitive personal information data that the hacking forum has received is for Facebook users. He has also revealed that the hacking forum where the information has been leaked has very high traffic on it. The information around the information leakage was shared by the security analyst on Monday, April 5, 2021.

As the number of the users is more than half a billion, then there are high chances that there will be cryptocurrency holders and traders included in the lists.

In the light of the above, the security analyst has requested all cryptocurrency users as well as the rest to be very vigilant. As a result of the information leakage, these people are now vulnerable to different identity-based scams as well as sim swaps.

The information around the recent leakage was first gathered and shared by the Chief Technology Officer of Hudson Rock, Alon Gal. Hudson Rock is known as a prominent firm in the cyber-security sector.

Alon Gal had shared his finding on the matter through his Twitter account on Monday, April 5, 2021. That is where he shared that there were a total of 533,000,000 users on Facebook that had their sensitive personal information leaked out. In his tweet, he sarcastically stated that the personal information of these many users was given away for free.

He stated that if a user had provided their phone number during the registration process on Facebook, now an unknown number of hackers have access to them.

He also got direct with the management at Facebook, stating that he is now waiting for the Facebook cyber-security teams to acknowledge and confirm this information.

He also criticized the security protocols and systems of Facebook, stating that this is absolute negligence from Facebook’s end. They have again failed to keep the personal data of their users safe and secure from such hackers.

Gal also pointed out that the recent leak that has taken place has been exploited through a security vulnerability that was discovered back in 2019.

Then again, it was confirmed in January of 2021 that the hackers could gain access through the highlighted vulnerability. Through the vulnerability, the hackers could gain access to the phone numbers linked with the users’ Facebook accounts.

He has revealed that now, the hackers are able to access a huge amount of information through the vulnerability. The information hackers now have access to include bio, relationship status, account creation date, email address, DOB, Past Location, Location, Full Name, Facebook ID, and Phone Number.

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