Tighten – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Wed, 25 Jun 2025 21:02:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Tighten – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Turkey will tighten crypto regulations as Turkish lira continues to depreciate https://earlybirdsinvest.com/turkey-will-tighten-crypto-regulations-as-turkish-lira-continues-to-depreciate/ https://earlybirdsinvest.com/turkey-will-tighten-crypto-regulations-as-turkish-lira-continues-to-depreciate/#respond Wed, 25 Jun 2025 21:02:24 +0000 https://earlybirdsinvest.com/turkey-will-tighten-crypto-regulations-as-turkish-lira-continues-to-depreciate/

The Turkish Ministry of Finance and the Ministry of Finance, led by Mehmet Simschek, have announced a series of tough new measures aimed at curbing money laundering and strengthening surveillance of digital asset transactions.

According to a June 25, 2025 announcement, “The Ministry is preparing to take additional measures and calls for strict control and supervision of transactions implemented by Crypto Asset Service Providers (CSAS).”

In particular, the latest regulatory push comes amid the surge in crypto adoption, driven by the sharp depreciation of Turkish lira (nearly 20% of last year’s value), which is growing beyond illegal financial activities in the digital assets sector.

According to the rules, all crypto transactions in Turkey must contain a minimum of 20 characters of a transfer note. Platforms that do not comply with the new rules will make it a fact of a mandatory 72-hour delay for all user withdrawals.

Additionally, new daily and monthly limits are imposed on Stablecoin transactions, limiting users to $3,000 per day and $50,000 per month.

Explore: 9+ Best High Risk, High Reward Crypto Buy in June 2025

Turkish Capital Markets Committee has full control over digital assets

Turkey has full control of its Crypto Asset Service Provider (CASP) to the Capital Markets Committee (CMB) to manage the rapidly growing crypto market.

On March 13, 2025, CMB published two regulatory documents on the “Establishment and Operational Principles of Cryptocurrency Service Providers” and “Two Regulatory Documents on the Working Procedures and Principles of Cryptocurrency Service Providers.”

These CASPS licenses and operational guidelines, including crypto exchanges, custodians and wallet service providers, allow us to continue operating domestically.

Recently created structures require strict compliance with both national and international compliance standards.

Explore:12+ Hottest Encryption Presale to Buy Now

Key takeout

  • Turkey’s latest regulatory push comes amid a surge in the adoption of cryptos growing through sharp depreciation of Turkish lira and illegal financial activities in the digital assets sector.

  • Compliance costs can rise for Türkiye’s crypto exchange and service providers. This is because the platform needs to implement the requirements for forwarding memos and implement new systems to monitor transaction restrictions.

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    Dogecoin (DOGE) Slips Once More—Bears Tighten Grip on Meme Coin Darling https://earlybirdsinvest.com/dogecoin-doge-slips-once-more-bears-tighten-grip-on-meme-coin-darling/ https://earlybirdsinvest.com/dogecoin-doge-slips-once-more-bears-tighten-grip-on-meme-coin-darling/#respond Mon, 16 Jun 2025 06:59:57 +0000 https://earlybirdsinvest.com/dogecoin-doge-slips-once-more-bears-tighten-grip-on-meme-coin-darling/ Dogecoin started a fresh decline from the $0.1880 zone against the US Dollar. DOGE is now consolidating losses and might recover if it clears $0.1780.

    • DOGE price started a fresh decline below the $0.1880 and $0.180 levels.
    • The price is trading below the $0.180 level and the 100-hourly simple moving average.
    • There is a short-term bearish trend line forming with resistance at $0.1760 on the hourly chart of the DOGE/USD pair (data source from Kraken).
    • The price could start a fresh decline if it declines below the $0.180 zone.

    Dogecoin Price Dips Again

    Dogecoin price started a fresh decline after it failed to clear the $0.1880 zone, like Bitcoin and Ethereum. DOGE declined below the $0.1800 and $0.1750 levels.

    The bears even pushed the price below the $0.1720 level. A low was formed at $0.1695 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.2064 swing high to the $0.1697 low.

    Dogecoin price is now trading below the $0.180 level and the 100-hourly simple moving average. There is also a short-term bearish trend line forming with resistance at $0.1760 on the hourly chart of the DOGE/USD pair.

    Immediate resistance on the upside is near the $0.1760 level. The first major resistance for the bulls could be near the $0.1785 level. The next major resistance is near the $0.180 level. A close above the $0.180 resistance might send the price toward the $0.1880 resistance. It is close to the 50% Fib retracement level of the downward move from the $0.2064 swing high to the $0.1697 low.

    Dogecoin Price

    Any more gains might send the price toward the $0.200 level. The next major stop for the bulls might be $0.2120.

    More Losses In DOGE?

    If DOGE’s price fails to climb above the $0.180 level, it could start another decline. Initial support on the downside is near the $0.1720 level. The next major support is near the $0.1700 level.

    The main support sits at $0.1680. If there is a downside break below the $0.1680 support, the price could decline further. In the stated case, the price might decline toward the $0.1550 level or even $0.1525 in the near term.

    Technical Indicators

    Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.

    Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

    Major Support Levels – $0.1700 and $0.1680.

    Major Resistance Levels – $0.1760 and $0.1800.

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    Grok Goes Off-Script: xAI to Tighten Controls and Go Transparent https://earlybirdsinvest.com/grok-goes-off-script-xai-to-tighten-controls-and-go-transparent/ https://earlybirdsinvest.com/grok-goes-off-script-xai-to-tighten-controls-and-go-transparent/#respond Sat, 17 May 2025 23:28:08 +0000 https://earlybirdsinvest.com/grok-goes-off-script-xai-to-tighten-controls-and-go-transparent/

    Elon Musk’s artificial intelligence (AI) company, xAI, said that changes made without approval caused its chatbot, Grok, to bring up political and racial issues in South Africa when it should not have.

    In a May 16 post on X, the company explained that someone had edited Grok’s prompt without going through the proper review process. This change asked the chatbot to respond in a specific way about a sensitive topic, which xAI said went against its rules.

    After the edit, Grok gave strange answers to unrelated questions. When asked about topics like sports or software, it replied with statements about a “white genocide” conspiracy in South Africa.

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    A report by The Guardian showed that Grok claimed it was told to treat the theory as real and based on race. In some replies, it said it had gone off-topic and would try to improve, but often continued talking about South African politics anyway.

    In one case, when asked what happened, the bot replied that it was “following the script” it had been given.

    According to the X’s post, xAI plans to share Grok’s system prompts on GitHub, meaning people will be able to see what directions the bot is following and suggest changes if needed. The company also stated that it will strengthen its internal checks so that no one will be able to change Grok’s main instructions without proper review.

    Additionally, xAI is setting up a full-time team to oversee Grok’s replies. If something unusual slips past automated tools, the team will step in and respond quickly.

    Meanwhile, Reddit recently announced plans to introduce identity checks after AI bots secretly joined discussions in r/changemyview. What did the company say about it? Read the full story.

    Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
    With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
    Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
    Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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    Senators reintroduce legislation to tighten rules on crypto custody https://earlybirdsinvest.com/senators-reintroduce-legislation-to-tighten-rules-on-crypto-custody/ https://earlybirdsinvest.com/senators-reintroduce-legislation-to-tighten-rules-on-crypto-custody/#respond Sun, 13 Apr 2025 00:53:24 +0000 https://earlybirdsinvest.com/senators-reintroduce-legislation-to-tighten-rules-on-crypto-custody/

    US Senators Thom Tillis (R-NC) and John Hickenlooper (D-CO) have reintroduced a legislative measure to prevent digital asset custodians from co-mingling customer funds with institutional or proprietary capital. 

    The bill, dubbed the Proving Reserves of Others Funds (PROOF) Act, also mandates monthly third-party inspections of custodial reserves, building on standards already used informally across the digital asset sector.

    Initially introduced in 2023, the PROOF Act was a response to systemic failures exposed by the collapse of the crypto exchange FTX.

    According to an excerpt from the reintroduced legislation, FTX’s implosion was driven by two operational flaws: the co-mingling of customer assets with corporate funds and the diversion of customer deposits to Alameda Research, a related entity. 

    These practices contributed to a critical reserve shortfall that left users without recourse when the platform failed, leading to losses of over $8 billion.

    Safeguard requirements

    The PROOF Act proposes two primary requirements for digital asset exchanges and custodians. First, it would establish regulatory standards that explicitly prohibit mixing customer and institutional funds. 

    Second, it would obligate these platforms to undergo monthly Proof of Reserves (PoR) inspections conducted by a neutral third party, preferably a certified auditing firm.

    Under the bill’s provisions, the results of each PoR inspection would be submitted to the US Department of the Treasury, which would be responsible for publicly disclosing the findings.

    Entities that fail to comply would face civil penalties under a tiered enforcement structure, with repeat violations triggering escalated consequences.

    The bill defines PoR as a cryptographic method that enables exchanges and custodians to verify asset backing for user deposits. Techniques such as Merkle trees or zero-knowledge proofs allow these entities to demonstrate reserve holdings without disclosing sensitive information. 

    The process is designed to maintain transparency while respecting the privacy and security of the platform and its users.

    ‘Critical step’

    Although several crypto firms have voluntarily published reserve attestations since the FTX collapse, the PROOF Act addresses gaps in standardization and oversight. The bill notes that many prior implementations were inconsistent and lacked certified public accountant (CPA) validation.

    Tillis and Hickenlooper’s proposal seeks to move the practice from voluntary to mandatory, requiring uniform reserve verification across platforms that custody digital assets. The legislation emphasizes that American users of crypto exchanges deserve clear assurances about the solvency of custodial institutions holding their deposits.

    Chainlink cheered on the bill reintroduction on an X post, calling it a “critical step toward establishing Proof of Reserve requirements for digital assets.”

    The post added:

    “As more real-world assets move onchain, legislation such as the PROOF act reinforces the importance of Proof of Reserves and is essential in ensuring transparency for the digital asset industry.”

    Mentioned in this article
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    Bitcoin Bears Tighten Grip—Where’s the Next Support? https://earlybirdsinvest.com/bitcoin-bears-tighten-grip-wheres-the-next-support/ https://earlybirdsinvest.com/bitcoin-bears-tighten-grip-wheres-the-next-support/#respond Mon, 31 Mar 2025 03:26:58 +0000 https://earlybirdsinvest.com/bitcoin-bears-tighten-grip-wheres-the-next-support/

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    Bitcoin price started another decline below the $85,000 zone. BTC is now consolidating and might struggle to recover above the $83,500 zone.

    • Bitcoin started a fresh decline below the $83,500 support zone.
    • The price is trading below $83,200 and the 100 hourly Simple moving average.
    • There is a connecting bearish trend line forming with resistance at $82,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
    • The pair could start another decline if it stays below the $83,500 resistance zone.

    Bitcoin Price Dips Further

    Bitcoin price failed to remain above the $85,500 level. BTC started another decline and traded below the support area at $85,000. The bears gained strength for a move below the $83,500 support zone.

    The price even declined below the $82,000 level. A low was formed at $81,586 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $83,500 swing high to the $81,586 swing low.

    Bitcoin price is now trading below $82,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $82,000 level. The first key resistance is near the $82,750 level. There is also a connecting bearish trend line forming with resistance at $82,750 on the hourly chart of the BTC/USD pair.

    Bitcoin Price
    Source: BTCUSD on TradingView.com

    The trend line is near the 61.8% Fib retracement level of the downward move from the $83,500 swing high to the $81,586 swing low. The next key resistance could be $83,500. A close above the $83,500 resistance might send the price further higher. In the stated case, the price could rise and test the $84,200 resistance level. Any more gains might send the price toward the $84,800 level or even $85,000.

    Another Decline In BTC?

    If Bitcoin fails to rise above the $83,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $81,800 level. The first major support is near the $81,500 level.

    The next support is now near the $80,650 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.

    Technical indicators:

    Hourly MACD – The MACD is now gaining pace in the bearish zone.

    Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

    Major Support Levels – $81,500, followed by $80,650.

    Major Resistance Levels – $82,750 and $83,500.

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