Crypto Industry Lends a Helping Hand to Turkey for Earthquake!

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Wetransfer stepped into the world of NFT; Crypto industry lends a helping hand to Turkey; Former product manager of Coinbase admits inside trading accusations

Wetransfer stepped into the world of NFT

WeTransfer, the first platform that comes to mind when it comes to file sharing in the digital world, rolled up its sleeves to keep up with the innovations brought by blockchain technology. Shaking hands with the blockchain platform Minima, WeTransfer will explore the world of NFT through this partnership.

NFT partnership from WeTransfer and Minima

WeTransfer, which has been serving as a file sharing and hosting platform for many years, and the blockchain platform Minima will start offering NFT printing services in March next year. NFTs will be served via a secure peer-to-peer network. An NFT can be transferred from person to person without a third-party intermediary.

Minima CEO Hugo Feiler said about the partnership:

“This partnership will explore the practical use of NFT technology and will be a test case that demonstrates the potential for wider adoption of this innovative digital tool.”

The fact that a major tech startup like WeTransfer has partnered with a company dealing with NFTs is also a sign that adoption is progressing rapidly.

The latest data released says that around 70 million people show files using WeTransfer every month.

Of course, WeTransfer is not alone in this area. Let’s say that important companies such as e-commerce giant eBay are also closely interested in NFTs.

https://www.coindesk.com/web3/2023/02/07/file-sharing-service-wetransfer-partners-with-blockchain-platform-minima-on-mobile-nft-solution/

Crypto industry lends a helping hand to Turkey

Cryptocurrency industry lends a helping hand to Turkey after two major earthquakes in Kahramanmaraş. Recently, Binance CEO Changpeng Zhao announced that he and his team are meeting for a solution and working on a relief plan.

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Making the statement on Twitter, CZ said:

“We are really saddened by the earthquake in Turkey. Our team is working on a solution for humanitarian aid. There are quite a few details. I’ve had four meetings about it. More details to come.”

Cryptocurrency exchange Huobi Global Turkey and Tron DAO announced that 2 million TL of aid will be provided due to the earthquake.

Justin Sun

Tron founder Justin Sun said he sent his love to all of Turkey. Cryptocurrency exchange Gate.io also announced that it will help:

“We have started to prepare aid packages for those staying in the earthquake zone in Turkey and we will deliver them to the authorities in a coordinated manner”

OKX Turkey has also announced that it has created an aid package of 1,000,000 TL due to the earthquake in Turkey. Tether, Bitfinex, Keet.io and Synonym were among the names that announced on Twitter that they would send a total aid package of 5 million TL to Turkey.

Search and rescue efforts continue for the earthquake that occurred in the Pazarcık district of Kahramanmaraş in the morning on February 6 and caused great losses in 10 provinces. While many NGOs, public institutions and local governments participate in the work, the support of private companies and citizens is also transferred to the region.

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Support came not only from exchanges but also from artists. Refik Anadol shared an ETH wallet address to support earthquake victims in the earthquake area. NFT artist Murat Pak also announced that he personally donated 100 ETH, or approximately 3,100,000 TL, to AHBAP.

https://decrypt.co/120770/turkey-syria-earthquake-relief-cryptocurrency-fundraising

Former product manager of Coinbase admits inside trading accusations

Ishan Wahi, a former product manager at Coinbase, has admitted to inside trading accusations. Wahi acknowledged that Coinbase is sharing its token listing plans for personal gain. Wahi was the first to plead guilty in this case.

Wahi admitted that he transferred confidential information regarding the listings to be made by Coinbase, the largest exchange in the United States. For the first time in the cryptocurrency market, a name has pleaded guilty in an inside trading case.

Damian Williams, Attorney for the Southern District of New York, pointed out that inside trading is a serious federal crime in both the stock market and cryptocurrency markets. Williams declared that they would follow this crime no matter what market it was committed.

Wahi, who worked as a product manager at Coinbase for a while, had very detailed information on listing new cryptocurrencies.

Nikhil Wahi and Sameer Ramani, who learned about Coinbase’s listing plans and made very profitable trades, also shared this information with different people. These trading activities were spotted by a crypto community’s Twitter account. After the events, the largest stock exchange in the USA, Coinbase, started to investigate the incident.

Although Wahi realized what was happening and tried to flee to India, he was caught by law enforcement.

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