Cryptocurrency Analysis and News Portal
The Central Bank of the Republic of Turkey recently revealed it made the decision to provide incentives to gold deposit and participation fund holders that request to convert these into lira time deposits, a statement from the central bank has said. Incentives Intended to Boost Financial Stability The Central Bank of the
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Binance, the world’s largest cryptocurrency exchange by trading volume, is still dealing with regulatory issues in 2021. According to a Reuters story, the country’s Financial Crimes Investigation Board has fined Binance’s Turkish affiliate, BN Teknologi, an 8 million lira (about $751,314) penalties (MASAK). Binance Turkey Fined Binance Turkey was fined 8 million
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Turkey’s President Recep Tayyip Erdoğan reportedly announced that the country’s cryptocurrency law “is ready” and will be submitted to parliament “without delay.” Meanwhile, Turkey’s Financial Crimes Investigation Board (MASAK), which oversees crypto exchanges, has reportedly fined Binance Turkey over violations found during liability inspections. Turkish Cryptocurrency Law ‘Is Ready’ Turkish President Recep
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Bitcoin (BTC) fell over 5% from local highs through Dec. 20 as macro tensions persisted into the new week.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Brace for volatile end to 2021Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it fell back below $46,000 overnight on Sunday, reaching lows of
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“The data shows despite the instability faced by the lira, local traders are still attracted to the exceptional returns associated with coins such as SHIB,” Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, said in an email. CoinDesk reached out to BTCTurk, one of a
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The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of the prospective digital lira. Turkey Sets Up Digital Lira
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In more stable regions, investment and speculation make the primary use case for Bitcoin. But in Turkey, the leading cryptocurrency has become something of a lifeline as the effects of economic panic begin to be felt. Bitcoin Trades for $100k on Turkish P2P Platforms The lira plummeted 14% against the dollar on
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Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor. According to data from Google Trends, the number of searches for Bitcoin spiked 566% in the hours immediately following
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Trabzonspor, in partnership with Chiliz (Binance: $CHZ, Paribu: $CHZ), have announced that the initial supply for their $TRA Fan Token has sold out in less than 5 minutes after launching on fan voting and rewards app Socios.com.625,000 $TRA Fan Tokens were available at a fixed price of 8 Turkish Lira
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Binance, the second-largest exchange by daily trading volume, has extended trading capabilities for the Turkish lira (TRY) and added a new trading pair for the lira and the Russian ruble (RUB).Binance users can now trade Tether (USDT) against the Turkish lira (USDT/TRY) and the Russian ruble (USDT/RUB). According to
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