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Turkey has decided not to introduce additional taxes on stocks and crypto trading profits, according to VP Cevdet Yilmaz. The decision comes after Turkey considered the economic impact and feedback from various stakeholders, shifting the focus to changing tax exemptions instead.
Caroline Ellison, the former CEO of Alameda Research, has been sentenced to two years in a minimum-security prison for her involvement in the collapse of FTX.
Circle has announced a new product suite called the Circle Compliance Engine, which offers tools like Transaction Screening, Monitoring, and a Travel Rule service to help companies build financial applications onchain while maintaining more strict compliance standards. The service also leverages Circle Programmable Wallets, with the goal of streamlining compliance for developers working across multiple blockchain networks.
Warpcast is experimenting with mini-apps, allowing users to launch them directly from frames and deep links. The first prototypes, including Paragraph and Flappycaster, are now available to try, with more to come soon.
Aptos, a high-performance blockchain platform utilizing the Move programming language, saw significant growth in 2024 driven by technological advancements and partnerships. Key highlights include Tether's USDT integration, Chainlink's data services, and NBCUniversal collaborations, alongside a surge in DeFi and gaming activity, most notably with the popular Tapos Cat game, resulting in record-breaking transaction volumes and increased daily active users.
"Based Rollups" are a new type of rollup that leverages Ethereum's existing block-building infrastructure, allowing Ethereum to serve as the sequencer instead of relying on independent L2 sequencers. This integration lets Ethereum capture not only its own transaction fees but also a portion of L2 tips, ensuring continuous operation and composability with Ethereum's state but at the cost of reduced profitability for the L2 team and slower block times due to Ethereum's pace.
This article discusses the evolution of prediction markets from simple binary options to more complex, open-ended "analog" markets that allow for nuanced predictions. It highlights how emerging tech like Layer 2 solutions, zkTLS, AI, and semantic prediction markets are enabling more expressive and community-driven prediction markets, moving beyond traditional yes/no questions to deeper, more engaging market structures. While the concept shows promise, challenges remain around insider gaming and user-friendly interfaces.
TrustToken and TrueCoin (one team) settled with the SEC over accusations of misrepresenting how their stablecoin (TrueUSD - TUSD) is backed and selling related securities without registration.
Vice President Kamala Harris' presidential campaign has taken a cautious approach to crypto policy, engaging in high-level discussions with industry leaders but avoiding public policy commitments.
The Kingdom of Bhutan holds almost a third of its GDP in Bitcoin.
South Asia has emerged as a major player in the global crypto market, with countries like Vietnam, Indonesia, and Singapore showing high adoption rates despite uncertain regulatory landscapes.