Erdogan said he flew back to Turkey after visiting Northern Cyprus on Saturday to mark 50 years since Turkey’s invasion. He also accused rival Greece of wanting to establish a naval base of its own in Cyprus, on whose future both sides remain as divided as ever. Cyprus gained independence from Britain in 1960, but a shared administration between Greek and Turkish Cypriots quickly fell apart following violence that saw Turkish Cypriots withdraw into enclaves and the dispatch of a United Nations peacekeeping force. In 1974, Turkey captured more than a third of the island and expelled more than 160,000 Greek Cypriots to the south. Cyprus has since been split by ethnicity, with Greek and Turkish Cypriots living on either side of a UN-patrolled border. In 1983, Turkey installed what it calls the Turkish Republic of Northern Cyprus – a breakaway state recognised only by Turkey.
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Bitlayer Labs, a Bitcoin BTC -1.59% Layer 2 network developer, has raised $11 million in a Series A funding round at a $300 million valuation. Franklin Templeton Digital Assets and ABCDE, a crypto venture capital firm co-founded by Huobi co-founder Du Jun, co-led the round, Bitlayer Labs said Tuesday. Other investors included Framework Ventures, WAGMI Ventures, GSR Ventures, Flow Traders and FalconX. Angel investors, including DOMO, creator of BRC-20, and Brian Kang, co-founder of FactBlock KBW, also joined the round. The round was structured as a simple agreement for future equity (SAFE) plus token warrants, Charlie Hu, co-founder of Bitlayer Labs, told The Block. Hu said that the $300 million valuation includes both equity and fully diluted token valuation, adding that Bitlayer Labs is the project's British Virgin Islands-based equity entity, while the Panama-based Bitlayer Foundation handles the token entity.
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wASHINGTON, DC – In contrast to 2022, a disastrous year for digital-asset markets, 2023 was characterized by aggressive regulatory action and positive market developments. The recent settlement between US regulators and Binance, the world’s largest cryptocurrency exchange, is poised to improve trust, transparency, and accountability throughout the market. Meanwhile, most global financial centers have introduced clear regulations for the crypto industry.
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