Turkey

Turkish Government Doubles its Crime-Combating Efforts Following $2 Billion Cryptocurrency Fraud
Apr 28, 2021 at 13:12
News
Turkish Government Doubles its Crime-Combating Efforts Following $2 Billion Cryptocurrency Fraud
The cybercrime department of the Turkish police has arrested four people following the loss of $2 Billion from a cryptocurrency exchange. The arrested people included the head of Vebitcoin, one of the sites that became inaccessible leading to loss of funds. The culprits were rounded up in the province of Mugla southwestern Turkey.
Bitcoin Price Falls After Turkey's Decision to Ban Crypto Payments
Apr 17, 2021 at 10:09
News
Bitcoin Price Falls After Turkey's Decision to Ban Crypto Payments
The price of Bitcoin has dropped by about 4% following the news by the central bank of Turkey to ban cryptocurrency payments starting from April 30.
Turkey’s Weak Fiat Currency Triggers Bitcoin Price to New High
Apr 13, 2021 at 14:32
News
Turkey’s Weak Fiat Currency Triggers Bitcoin Price to New High
The inflation in Turkey is currently at about 16.2% and this is corroding the lira’s value. The Turkish citizens are now frustrated with the economic turmoil in the country and are now seeking safe haven in cryptocurrencies. Small businesses have now started to accept payment in Bitcoin, and this has pushed its price high to make a new record high of over $63,000.
Fan Tokens Are Getting Popular as Another Football Club Plans to Issue Its Own
Nov 11, 2020 at 12:58
News
Fan Tokens Are Getting Popular as Another Football Club Plans to Issue Its Own
Popular football clubs are looking to establish as close communication with their fans as possible. For this reason, many of them have issued their own fan tokens to get their supporters involved in the club activity. Now, the last year winner of the Turkish Süper Lig is planning to have their token as well.
Turkey to Regulate Cryptocurrencies and Audit Bitcoin
Jan 07, 2020 at 13:03
News
Turkey to Regulate Cryptocurrencies and Audit Bitcoin
The lack of clear investor rights in Bitcoin (BTC) and other blockchain-based cryptocurrencies and the absence of aboveboard regulations to protect rights are concerning public authorities, and upon request, the Capital Markets Board of Turkey has taken action to review and regulate digital currencies and intermediaries.
Blockchain-Based CBDC to be Created in Turkey
Jul 12, 2019 at 11:59
News
Blockchain-Based CBDC to be Created in Turkey
Turkey plans on creating its own virtual currency and deploying blockchain into government systems. The government financial authority has included a central bank-issued cryptocurrency in its new 2019 –2023 strategic economic roadmap.
Turkish People Tend to Store Funds in Bitcoin Rather Than the National Currency
Dec 29, 2018 at 08:44
News
Turkish People Tend to Store Funds in Bitcoin Rather Than the National Currency
Even though the cryptocurrency market is a highly volatile field, Turkish investors prefer Bitcoin over the national currency, the lira. In autumn, trading volumes in Turkey alone rose by 37%, proving that Bitcoin’s popularity was not affected by the bear crypto market trend.
Crypto Solution to Turkey's Financial Problem, American Pastor Still Imprisoned
Aug 23, 2018 at 12:42
News
Crypto Solution to Turkey's Financial Problem, American Pastor Still Imprisoned
According to what is coming out of Washington, it seems like no deal has been struck between the Trump administration and the government of Turkey, led by President Tayyip Erdogan, continuing what is already a shaky financial situation.
Turkey Considers Launching Blockchain-Based Turkcoin
Feb 25, 2018 at 13:37
News
Turkey Considers Launching Blockchain-Based Turkcoin
Two influential Turkish political forces, the Justice and Development Party (AKP) and the Nationalist Movement Party (MHP), have recently come up with the idea to create the first blockchain-based Turkish digital currency, similar to Bitcoin or Litecoin, called Turkcoin.
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