Turkey

Is Bitcoin Still a Good Inflation Hedge?
Is Bitcoin Still a Good Inflation Hedge?
A key U.S. inflation report published Wednesday indicates consumer prices increased 7% in December from a year earlier at its fastest pace since June 1982. Separately, Turkey’...
Is Bitcoin Still a Good Inflation Hedge?

Bitcoin and USD/TRY price charts and historical volatilities. (TradingView)
Turkish Lira Is Now More Volatile Than Bitcoin
The lira nosedived in the final quarter of 2021 as Turkey cut interest rates amid high inflation.
Bitcoin and USD/TRY price charts and historical volatilities. (TradingView)

Turkish President Recep Tayyip Erdogan ( Sean Gallup / Getty Images)
Turkey President Erdogan to Send Crypto Law to Parliament: Report
Erdoğan told reporters that the law would be sent to the national assembly “without delay.”
Turkish President Recep Tayyip Erdogan ( Sean Gallup / Getty Images)

Istanbul, Turkey (Unsplash)
Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
Bitcoin’s perceived role as an inflation hedge is competing with altcoin speculation and U.S. dollar exposure through tether.
Istanbul, Turkey (Unsplash)

Markets Daily Podcast Cover
Crypto News Roundup for Nov. 23, 2021
With bitcoin flipping lower support into resistance and a look at Turkey’s inflation problem, CoinDesk’s Markets Daily is back with the latest news roundup.
Markets Daily Podcast Cover

Turkish President Recep Tayyip Erdogan, who has held power for nearly twenty years. Erdogan has cut interest rates despite high inflation, in a short-term bid to prop up Turkey's economy (Antonio Masiello, Getty Images)
Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook
The longtime ruler’s unhinged monetary policy follows a familiar pattern – and it’s pushing some Turks toward bitcoin.
Turkish President Recep Tayyip Erdogan, who has held power for nearly twenty years. Erdogan has cut interest rates despite high inflation, in a short-term bid to prop up Turkey's economy (Antonio Masiello, Getty Images)

Istanbul, Turkey (Unsplash)
China’s BSN to Launch Portals in Turkey, Uzbekistan
The Chinese-built blockchain-as-a-service platform continues to expand around the world.
Istanbul, Turkey (Unsplash)

Turkey's flag (Getty Images)
Turkish Central Bank to Research Benefits of a Central Bank Digital Currency
The bank has not made a final decision regarding the issuance of a digital Turkish lira but expects results from the pilot study to be announced in 2022.
Turkey's flag (Getty Images)

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Crypto Adoption in Middle East Will Come From Unstable Nations
The next wave of crypto adoption in the region is likely to come from citizens in unstable autocracies or those facing crushing inflation in countries like Iran and Lebanon.
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Report: Turkey Plans to Present Law on Cryptocurrencies in October
Report: Turkey Plans to Present Law on Cryptocurrencies in October
The Turkish government plans to present a bill regulating cryptocurrencies to Parliament in October, Sabah reported. “The Hash” panel explores the potential scope for crypto r...
Report: Turkey Plans to Present Law on Cryptocurrencies in October