Turkey to Receive Crypto Aid Following Devastating Earthquakes

In the last 24 hours, several crypto businesses have stepped up with a promise to help Turkey after the nation suffered two ruinous earthquakes. These alongside numerous aftershocks have claimed over 1500 lives across Turkey and Syria. Parts of both regions have crumbled following the disaster meaning, not all the victims have been discovered yet. On Monday, February 6, Turkey's Kahramanmaras Province took a hit from a devastating 7.8 magnitude earthquake. A few hours later, it was followed by another…

Crypto Adoption Improves in Turkey as Inflation Hits Record High

Turkish residents are turning to cryptocurrency and gold as the nation remains in the grip of rapidly rising inflation rates. Inflation Rates Soar Over the years prices in Turkey have shot up gradually. However, June marked the highest increase the nation has seen in nearly a quarter-century. At the moment, Turkey’s statistics institute places the annual inflation rate at 78.62%. The agency recorded a 4.95% increase from May’s 73.5% inflation rate. Various factors have contributed to the skyrocketing prices. These…

Turkey – the Lira Crisis Is Leading to a Bitcoin Boom

The Turkish lira crisis is leading many investors to look with interest to the world of cryptocurrencies. The data shows how the increase in people who convert the Turkish currency into Bitcoin (BTC) has never been higher. This article will provide more details regarding what is happening in the Turkish currency market. After this premise, it will be easier for readers to understand the success of BTC in the country. The Lira crisis – A sad tale of high inflation…

President Erdoğan of Turkey Declares War on Bitcoin

While some political and corporate leaders have been eager to invest in and adopt cryptocurrencies, others are entirely hostile. Turkish President Tayyip Erdogan recently declared outright war on the Bitcoin network. President Erdoğan: "We Are At War" President Erdoğan expressed his opposition to Bitcoin in a meeting with Turkish students this Saturday. The event comes after one of them asked if the country's central bank would adopt cryptocurrencies. Erdogan responded with total rejection: "We have absolutely no intention of embracing cryptocurrencies. On the…