Cryptocurrency Live News & Updates : Cork Protocol Hacker Launders Funds, Donates to Legal Fund
26 Jun 2025 | 01:45:10 AM IST
Turkey is introducing measures to curb the laundering of illicit funds through cryptocurrency, including withdrawal limits and mandatory waiting periods, according to Finance Minister Mehmet Simsek. Turkey is taking significant steps to prevent money laundering linked to illegal activities by implementing new regulations on cryptocurrency transactions. Finance Minister Mehmet Simsek announced plans for withdrawal limits and waiting periods for crypto assets, aiming to enhance compliance with the travel rule. Meanwhile, the Cork Protocol exploiters have resurfaced, laundering stolen funds through Tornado Cash and even donating to a legal fund for Tornado Cash developers. This highlights ongoing challenges in tracking illicit activities in the crypto space. In market updates, Bitcoin Cash (BCH) has gained 6.0%, leading the CoinDesk 20 Index, while SoFi is set to launch international remittances using stablecoins, signaling a renewed interest in crypto services. Additionally, the Bank of Korea's deputy chief emphasized a gradual introduction of won-denominated stablecoins, reflecting a cautious approach to integrating digital assets into the financial system. These developments underscore the evolving landscape of cryptocurrency regulation and usage across different regions. Show more
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Time of India
21 hours ago
- Time of India
Cryptocurrency Live News & Updates : Cork Protocol Hacker Launders Funds, Donates to Legal Fund
26 Jun 2025 | 01:45:10 AM IST Turkey is introducing measures to curb the laundering of illicit funds through cryptocurrency, including withdrawal limits and mandatory waiting periods, according to Finance Minister Mehmet Simsek. Turkey is taking significant steps to prevent money laundering linked to illegal activities by implementing new regulations on cryptocurrency transactions. Finance Minister Mehmet Simsek announced plans for withdrawal limits and waiting periods for crypto assets, aiming to enhance compliance with the travel rule. Meanwhile, the Cork Protocol exploiters have resurfaced, laundering stolen funds through Tornado Cash and even donating to a legal fund for Tornado Cash developers. This highlights ongoing challenges in tracking illicit activities in the crypto space. In market updates, Bitcoin Cash (BCH) has gained 6.0%, leading the CoinDesk 20 Index, while SoFi is set to launch international remittances using stablecoins, signaling a renewed interest in crypto services. Additionally, the Bank of Korea's deputy chief emphasized a gradual introduction of won-denominated stablecoins, reflecting a cautious approach to integrating digital assets into the financial system. These developments underscore the evolving landscape of cryptocurrency regulation and usage across different regions. Show more
Economic Times
21 hours ago
- Economic Times
Cryptocurrency Live News & Updates : Cork Protocol Hacker Launders Funds, Donates to Legal Fund
In recent developments, the Cork Protocol hacker has been active again, transferring 4,520 ETH (approximately $11 million) to Tornado Cash, a notorious crypto mixing service. This comes after the attacker exploited the protocol in May, draining millions. In an unexpected move, the hacker also donated 10 ETH to a legal fund for Tornado Cash developers, who are currently facing legal challenges due to the misuse of their platform. Meanwhile, the CoinDesk 20 Index shows Bitcoin Cash leading with a 6.0% gain, reflecting a positive trend in the crypto market. SoFi is set to enhance its digital asset offerings by launching international remittances using stablecoins and reintroducing crypto trading services, signaling a renewed interest in the crypto space. Additionally, the Bank of Korea is considering a gradual introduction of won-denominated stablecoins, emphasizing regulatory caution. Lastly, Bernstein has raised its price target for Coinbase, highlighting its pivotal role in the crypto ecosystem as it continues to dominate U.S. trading despite market challenges. The Cork Protocol exploiter has resurfaced, laundering over $11 million through Tornado Cash and donating 10 ETH to support the legal defense of Tornado Cash developers facing charges. Cork Protocol Hacker Launders Funds, Donates to Legal Fund The Cork Protocol exploiter has resurfaced, laundering over $11 million through Tornado Cash and donating 10 ETH to support the legal defense of Tornado Cash developers facing charges. Bitcoin Cash Leads CoinDesk 20 with 6% Gain The CoinDesk 20 Index is up 0.5% to 2996.59, with Bitcoin Cash (BCH) leading the way with a 6.0% increase. SoFi Introduces Blockchain Remittances with Stablecoins SoFi plans to launch international remittances using blockchain and stablecoins, alongside a relaunch of crypto investing services, including BTC and ETH. 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Fibre2Fashion
18-06-2025
- Fibre2Fashion
Turkish inflation projected to drop to 29.86% by 2025 end: CBRT survey
Turkish inflation is projected to drop to 29.86 per cent by the end of this year, while the country's central bank (CBRT) is expected to return to rate cuts next month, a CBRT survey of market participants for June revealed. That is down from 30.35 per cent in the previous month's survey. Inflation dipped to 35.4 per cent in May compared to around 75 per cent a year ago. Turkish inflation is projected to drop to 29.86 per cent by the 2025 end, while the country's central bank (CBRT) is expected to return to rate cuts next month, a CBRT survey of market participants for June revealed. That is down from 30.35 per cent in the previous month's survey. Markets see inflation 12 months from now falling to 24.56 per centâ€'down from 25.06 per cent in the previous survey. Treasury and finance minister Mehmet Simsek last week cited stickiness in services inflation, which, he said, was preventing further improvement in headline consumer price inflation. Markets see inflation 12 months from now falling to 24.56 per cent, the survey showed. That is down from 25.06 per cent in the previous survey. The 24-month-ahead forecast eased to 17.35 per cent, down from 17.77 per cent. Market participants expect the central bank to keep its benchmark one-week repo rate unchanged this week, but project a three-percentage-point cut in July. They see the rate falling to around 40 per cent in September, before ending the year at around 36 per cent. A year from now, the key policy rate is estimated to be around 29 per cent. Survey participants now expect the lira-dollar exchange rate to be 43.57 by the end of 2025, slightly below the previous forecast of 43.70. However, the 12-month ahead forecast for the exchange rate increased to 47.04, up from 46.62 in the last survey. Fibre2Fashion News Desk (DS)
