Turkey Embraces Bitcoin as Inflation Hits 24 Year High

Turkey’s inflation rate has hit its highest level in 24 years, with the annual inflation rate now at 78. 62%. The Turkish Statistical Institute published the figure, with the monthly increase being 4. дальше »

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Turkey Inflation Data Shows Annual 70% CPI Increase, Bitcoin Fixes This

Data analyzed by the Turkish Statistical Institute shows hyperinflation reaching as high as 105% for transportation costs as the Lira continues to diminish. дальше »

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Turkey Enters Galloping Inflation

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Experts say blockchain’s value lies in crypto

Inflation has caused many Turks to turn to cryptocurrency to weather their currently unstable economy as opposed to using the Turkish lira. After Turkey’s President, Recep Tayyip Erdoğan made it official that Turkey is in the process of formulating a cryptocurrency law, Turkish legislators met with cryptocurrency gurus in hopes of knowing more about the […] The post Experts say blockchain’s value lies in crypto appeared first on Invezz. дальше »

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Crypto and NFTs meet regulation as Turkey takes on the digital future

Despite unclear — or even lack of — regulation and taxation of cryptocurrencies, Turkey is increasingly using digital assets amid high inflation. дальше »

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KuCoin report shows which coins Turkish investors are using to fight inflation

Rising inflation rates and decreased purchasing power still plague the people of Turkey, who are now turning to new and less regulated ways of safeguarding their wealth. Even mainstream media companieThe post KuCoin report shows which coins Turkish investors are using to fight inflation appeared first on AMBCrypto. дальше »

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Turkey’s rising inflation pushes citizens to crypto

In recent times, one of the major economic crises countries around the world have been facing is inflation; especially as a number of them are having to battle with the dwindling purchasing power of their national fiat currency due to the effect of the coronavirus pandemic. дальше »

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The “Death Of The Lira” Is Fueling A Massive Spike In Bitcoin, USDT Activity In Turkey

The Turkish Lira is in sharp decline, at less than half its value against the dollar. President Erdogan seems determined to keep cutting interest rates despite falling values. Turks have turned to Bitcoin and USDT to hedge against the crippling effects of inflation. дальше »

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Turkey’s Inflation Is An Example Of Why We Need Bitcoin

Increasingly expensive groceries, wages unable to keep up and desperation amongst the people are proof of the necessity of decentralized currency. дальше »

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Turkey Central Bank to Prohibit the Use of Crypto for Payments

The Central Bank of the Republic of Turkey (CBRT) stated that it would ban the use of cryptocurrency as a means of payment. The upcoming ban comes amid an ongoing inflation crisis in the country.  Turkey Bans Crypto Payments  The CBRT announced the new legislation via the Resmi Gazete, otherwise known as the Official Gazette,Read More дальше »

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Amid inflation woes, Turkey announces CBDC tests planned for 2021

While the announcement came as a surprise to some, a digital Lira has been in the works since 2019

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Bitcoin Adoption Soars in Turkey Amid High Inflation, Lira Hitting Record Low

People in Turkey are increasingly turning to bitcoin as the local currency, the Turkish lira, recently hit another record low against the dollar. Bitcoin adoption in Turkey outshines other countries in the region. дальше »

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Turkey Residents Panicking Over Massive Inflation

Turkish are losing faith in its local fiat currency, with confidence in the lira falling 20% this year.

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Erdogan Might Be Proven Right on Interest Rates Cause Inflation

A power struggle between the elected and bankers ended with the firing of a central bank governor in Turkey this July. What must have been a seismic event in banking... The post Erdogan Might Be Proven Right on Interest Rates Cause Inflation appeared first on Trustnodes. дальше »

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Top 5 Countries Where Google Searches for Bitcoin Just Tripled

While the mass media warn people not to buy Bitcoin, the number one cryptocurrency just blasted through its 2019 ATH. The number of google searches for Bitcoin is skyrocketing again as well, especially in these five countries. дальше »

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In Turkey, Even the Volatile Bitcoin Looks Pretty Good Compared to the Lira

Trading volumes on Turkish cryptocurrency exchanges increased by 37 percent since October 2018, which shows that Bitcoin’s popularity isn’t affected by the recent drops in the country’s year-long inflation, Slate reported on December 10, 2018. дальше »

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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil

Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December. дальше »

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Cryptocurrency Remains Safe Haven as Economies of Venezuela And Turkey Collapse

Critics of crypto often talk down on this asset class due to its volatile nature and price instability/unpredictability, however, in countries prone to economic instability, crypto assets can prove to be a safe haven in periods of rampant inflation and flawed monetary policy. дальше »

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Bitcoin at a Slight Premium in Turkey as Turkish Lira Falls 4%, Inflation at 15%

“The ‘Sultan of Ankara’ has set himself one of the strongest opponents imaginable: the global financial markets. ” So writes a German paper while reporting on what looks like an extraordinary day. дальше »

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