Tag: lira

Mar 10 2022

($SHIB) SHIBA INU In Discussions For Adoption in Turkey

Turkey’s Minister of Economy Mustafa Elitaş met with a local Shib army member to discuss Shiba Inu adoption in the country. The detailed interaction was focused on discussing Shiba Inu’s ecosystem in the region. Shiba Inu is constantly gaining momentum in Turkey and has been recently listed on Bitexen, a Turkish crypto exchange. The soaring success of Shiba Inu seems to be increasing...

Mar 04 2022

Turkish Lira Slumps Against Bitcoin As Inflation Blows Past 50%

Mar 04 2022 Published at Coingape under tags  bitcoin news crypto adoption inflation lira news

The Turkish lira slipped against Bitcoin, hovering around a two-month low after data showed annual inflation skyrocketed in February. The lira has lost about 12% against the world's largest cryptocurrency this week, data from Coingecko shows. The lira, currently trading at about 590,462 to Bitcoin, also lost about 7% to the dollar over the past...

Jan 13 2022

Turkey embraces Bitcoin and Tether as the lira keeps spiraling down

Jan 13 2022 Published at CryptoSlate under tags  adoption bitcoin inflation lira stablecoins

The volatility of the Turkish lira is pushing Turks to adopt cryptocurrencies as both a means of payment and a store of value. The country's national currency has lost 40% of its value against the dollar since September 2021, leading many to turn to Bitcoin and Tether as alternatives. Turks ditch the lira,...

Jan 12 2022

Turks Turn To Crypto As Lira Continues Plunging

Jan 12 2022 Published at Coingape under tags  crypto adoption economy lira news turkey crypto

Amid the current economic situation in the country, and coupled with the fact that Turkey's fiat currency — the lira has not stopped depreciating in recent weeks, a vast...

Jan 05 2022

Turkey’s rising inflation pushes citizens to crypto

Jan 05 2022 Published at CryptoSlate under tags  adoption argentina bitcoin busd eth

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. Turkey is battling an economic crises One country fighting this battle is the Republic of...

Dec 24 2021

Turkey To Send Crypto Bill To The Parliament As Lira Surges 20%

The President of Turkey, Recep Tayyip Erdoğan has announced that the country's crypto bill is set to be sent to the national assembly with immediate effect. The President...

Nov 25 2021

Bitcoin Hits All-Time Highs Against Turkish Lira As It Collapses

Nov 25 2021 Published at Bitcoin Magazine under tags  deep dive lira markets turkey

In a historic event for a G20 country, the Turkish lira is in free fall and making the case for a bitcoin hedge.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

Mar 22 2021

Bitcoin Hits $100,000 in Turkish P2P Markets as Lira Plummets

The cost to purchase one Bitcoin in Turkey's peer-to-peer crypto markets has surged to over $100,000. According to data fetched from LocalBitcoins.com, the minimum Ask price for Bitcoin has reached 509,840 Turkish Lira (~$64,000). Meanwhile, some offline exchanges demand as much as $100,000 in Lira...

Oct 28 2020

From Brazil To Turkey, Bitcoin Prices Hit All-Time Highs Around The World

This article also appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! One bitcoin will always be worth 1 bitcoin, but its price relative to fiat currencies is an important indicator of how much people around the world value the opportunity to opt...

Oct 22 2020

Bitcoin Sets New All-Time High In These Global Currencies

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin brazil btc btcusd btcusdc

Bitcoin price blasted yesterday over $1,000 to a high of $13,200 and has reignited interest in the crypto market once again in a major way. A new 2020 high was set on the BTCUSD pair, but a higher peak over the 2019 top has yet to be reached. Elsewhere in the world, however, the leading cryptocurrency by market cap has just set a...

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