2022-7-5 14:30 |
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.
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Data analyzed by the Turkish Statistical Institute shows hyperinflation reaching as high as 105% for transportation costs as the Lira continues to diminish.
2022-5-6 17:58 | |
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2022-2-5 18:13 | |
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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.
2022-2-1 02:02 | |
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Despite unclear — or even lack of — regulation and taxation of cryptocurrencies, Turkey is increasingly using digital assets amid high inflation.
2022-1-24 17:16 | |
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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.
2022-1-16 03:30 | |
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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.
2022-1-5 12:30 | |
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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.
2021-12-24 10:29 | |
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Increasingly expensive groceries, wages unable to keep up and desperation amongst the people are proof of the necessity of decentralized currency.
2021-12-19 22:00 | |
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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
2021-4-17 17:00 | |
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While the announcement came as a surprise to some, a digital Lira has been in the works since 2019
2020-12-27 18:58 | |
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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.
2020-10-19 01:30 | |
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Turkish are losing faith in its local fiat currency, with confidence in the lira falling 20% this year.
2020-8-19 08:13 | |
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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.
2019-10-7 20:53 | |
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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.
2019-4-8 15:00 | |
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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.
2018-12-26 12:00 | |
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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.
2018-10-10 22:30 | |
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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.
2018-9-5 15:30 | |
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“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.
2018-7-11 14:53 | |
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Turkish investing startup Midas has secured $45 million in a funding round led by Portage of Canada to launch crypto services. Midas, Turkey’s retail investing app, has said in a press release it had raised $45 million from a group…
Stablecoin issuer Tether is teaming up with Fuze to educate individuals and financial institutions in Turkey and the Middle East about crypto. Tether, the company behind the largest stablecoin by market value, has signed a Memorandum of Understanding (MOU) with…
Crypto exchange OKX has launched a localized platform in Turkey featuring trading pairs denominated in Turkish Lira.
Bitcoin has reached an all-time high in 14 countries, including Turkey, Argentina, Egypt, Pakistan, Nigeria, Japan, and Lebanon, despite trading 25% below its peak of $69,000.
The country seeks to get out of FATF’s “grey list” by putting more regulatory burden on crypto. Turkey is set to double down on crypto taxation and licensing to persuade the Financial Action Task Force (FATF) to remove it from…
Binance picked the Bosphorus as the backdrop for Binance Blockchain Week, the flagship event in its 2023 calendar.
Turkey is set to introduce new legislation pertaining to crypto-assets in a bid to strengthen its stance against money laundering and terrorist financing, Reuters reported, citing the country’s Finance Minister Mehmet Simsek.