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Turkey
Coinbase Reportedly in Talks to Acquire Turkish BtcTurk Exchange for $3.2B
Coinbase is reportedly in talks to acquire the Turkish BtcTurk exchange for $3.2 billion as part of its ongoing efforts to expand internationally. “The Hash” group discusses the role of cryptocurrency in Turkey as the national lira’s value declines, and Coinbase’s involvement with Monero.
Coinbase in Talks to Acquire BtcTurk for About $3.2B: Report
The target is one of Turkey's oldest crypto exchanges.
Two European Soccer Clubs Cancel Sponsorship Deals With Bitci: Report
Sporting Lisbon pointed to the Turkish crypto firm's failure to make its payments.
Turkish Crypto Firm Bitci Eyes Expansion Into Brazil, Spain: Report
The company aims to open a trading platform in Brazil next month with a Spanish one planned in March.
Turkish President Calls for Metaverse Research
Turkish President Recep Tayyip Erdoğan has ordered the ruling Justice and Development Party (AK Party) to conduct a study on the metaverse, cryptocurrencies, and social media. This comes amid Turks flocking to crypto to escape the plunging lira as inflation hits a 19-year high. "The Hash" squad reacts, discussing the significance of Turkey potentially considering a metaverse strategy.
Bukele's Bitcoin Is Not What Turkey Needs
El Salvador's President didn't mention bitcoin in his meeting with Erdogan - but it's not a cure for Turkey's monetary woes anyway.
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's annual inflation rate has hit 36%, soaring to a 19-year high. Isaiah Douglass, a partner at Indiana-based financial planning firm Vincere Wealth Management, discusses whether bitcoin is still considered a potential hedge against rising inflation, how investors should best allocate funds between dollars and Bitcoin.
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.
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.”
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.