Decentralization

"What is happening in Bulgaria affects my business and life plans in a very small way." This is what the co-founder of Nexo, Antoni Trentchev, said in his first interview on Nova TV.

The former MP from the party of Meglena Kuneva's "Citizens Movement Bulgaria" announced that he has not lived in Bulgaria for a long time.

The spokesperson of the Bulgarian Prosecutor General Siika Mileva and the head of the "Cybercrime" department Svetlio Vasilev gave details about the special operation of the prosecutor's office, the National Investigation Service, the State Security Service and the Ministry of Internal Affairs against the cryptocurrency company NEXO.

Cryptocurrency critics, including economists and researchers, will gather in London and online this week to get their message across to regulators about the booming but volatile sector.    

Interior Minister Süleyman Soylu has said that Türkiye is waiting for Faruk Fatih Özer's extradition, who was arrested by Albanian police for defrauding investors in his cryptocurrency platform Thodex.

Elbasan prosecutor Kreshnik Ajazi confirmed to BIRN on Tuesday that fugitive Turkish Faruk Fatih Ozer, suspected of staging a massive cryptocurrency scam, is being held in the Albanian city, saying that "he was arrested today in Elbasan".

The closest most people get to owning a world-famous artwork is to buy a cheap poster from a gallery, but art dealers are determined to harness technology to draw in new collectors.

Istanbul's beloved stray dog, Boji, has inspired a cryptocurrency project aimed at helping stray animals as a portion of the transaction fees obtained from the cryptocurrency released under the name Boji Token is donated to shelters as dog food.

Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard has said.

Bitcoin is up around 1% in 24 hours to $20,400. Ethereum added 3.2%, while other top 10 altcoins gained between 0.7% (Dogecoin) and 2.8% (XRP). Buyers have braced themselves on the back of positive stock indexes despite the strengthening Dollar. 

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients now face financial ruin due to their appetite for risk and a paucity of regulatory guardrails.