Turkey's financial regulator has blocked 46 crypto-related w | WuBlockchain on Binance Square

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Turkey's financial regulator has blocked 46 crypto-related websites, including major DEX PancakeSwap, as part of a broader crackdown on unauthorized digital asset services. The Capital Markets Board (CMB) said it took legal action under the Capital Markets Law against platforms offering unlicensed crypto services to Turkish residents.

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OKX CEO Star said that for a very small number of accounts rated as high risk, for example, if the user uses a VPN or Tor browser in a banned region, or has a potential connection with a sanctioned country or politician. The OKX global compliance team and risk control team has more than 600 people. Once non-compliant funds are discovered, their accounts will be banned.

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Coinbase's Conor Grogan suspects a major BTC whale address (~$8B) may have been compromised. The address tested its private key via a BCH transaction before moving all BTC. Other linked BCH addresses remain inactive, raising further suspicion. If true, it could be the largest crypto theft in history, though evidence is still inconclusive.

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Swedish Justice Minister Gunnar Strömmer called on the police, tax authorities and enforcement authorities to increase seizures of illegal gains such as cryptocurrencies and make full use of the confiscation legislation that will come into effect in November 2024. The law allows the confiscation of property whose source cannot be reasonably explained without conclusive evidence of a crime.

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Sonic Research has released details of SonicCS 2.0, a new consensus protocol built on a DAG architecture with overlapping elections to enable parallel transaction ordering across multiple blocks. Tests on 200 mainnet epochs show an average 2x speedup and a 68% reduction in memory usage. A new Sonic client will go live in the coming weeks.

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Sonic Research has released SonicCS 2.0, a new consensus protocol built on a DAG architecture with overlapping elections to enable parallel transaction ordering across multiple blocks. Tests on 200 mainnet epochs show an average 2x speedup and a 68% reduction in memory usage. The protocol will be integrated into future client releases, with a technical report to follow.

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