Oil Prices Hang in the Balance as Unlikely Alliance Rattles Middle East
The price of oil is under pressure again, as Syria and Libya join forces to combat Turkish aggression on their soils.
Turkey
Turkey Rejects Trump’s Iran Sanctions – but There’s No Stopping Record Stock Rally
Turkey’s foreign minister has said the government opposes U.S. sanctions on Iran. Yet, the stock market rally is far from slowing down.
Enes Kanter Is Who the ‘Woke’ Generation Should Be Looking Up To
Social activism has become the calling card for many players in the NBA; their supposed legacy off the court. Many are looked up to for speaking out as they do, but then their activism stops there, well short of any real change. If the ‘woke’ generation really wants an NBA player to look up to, … Read more
Dow Grinds Higher as Fed Dove Bullard Teases Aggressive Rate Cuts
The Dow zoomed higher on Tuesday as dovish commentary from the Federal Reserve offset concerns about the partial trade deal President Donald Trump and Chinese negotiators shook hands on last week. Dow Eyes Triple-Digit Recovery on Tuesday All of Wall Street’s primary indices jumped at the opening bell and continued to climb throughout the morning. … Read more
Turkey’s Syria Offensive Threatens to Destroy Its Own Economy
Turkey’s blind rage to destroy the Kurdish rebellions in north-east Syria could leave it on the brim on economic collapse. Since the day President Recep Tayyip Erdogan ordered the “Peace Spring” offensive, the Turkish lira dropped 1.66% against the US dollar. The move downhill extended the currency’s month-to-date decline to 4.11% to establish a four-month … Read more
Gold Price Falls Below $1,500 Post U.S. CPI Despite Turkish Assault In Syria
The gold price nosedived through the $1,500 handle at the open of North American trading on Thursday, ignoring concerns about Turkey’s aggression in Northern Syria. A softer than expected CPI print, alongside more stable equity markets, dampened demand for the precious metal sending gold futures 0.9% lower. A weak U.S. dollar, typically a benefit to … Read more
Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery
By CCN.com: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while 36% said they would be happy to be paid in bitcoin. Meanwhile, Austrians were the most skeptical, with only 13% being pro-crypto. These sentiments … Read more
Turkish Crypto Exchange Sistemkoin’s Disturbing Security Flaw Reveals Major Withdrawal Complaints
By CCN.com: Turkish crypto exchange Sistemkoin had done $68 million in volume over the 24-hour period at time of writing. However, according to a report from a user and security researcher, there are significant security problems with the exchange. There are two aspects to our anonymous tipster’s report. First, anyone with a program called Burpsuite and … Read more
Trump: I’ll ‘Devastate’ Turkey’s Economy if They Attack Syrian Kurds
U.S. President Donald Trump has warned of severe economic consequences if Turkey launches an attack on the Syrian Kurds. Trump Puts Turkey on Notice as US Stages Troop Withdrawal This comes at a time when United States troops are being pulled out of Syria. In the tweets sent on Sunday, Trump also urged the Kurds … Read more
Cryptocurrency Ownership in Europe and the US Expected to Double: ING Study
Despite bitcoin and other cryptocurrencies currently hovering near their lows for the year, interest in the nascent technology is expected to more than double in the future in the United States and Europe. This is according to a study conducted by ING Bank N.V. in Austria, Belgium, Czech Republic, France, Germany, Italy, Luxembourg, Netherlands, Poland, Romania, … Read more
‘Turkcoin’: Turkish Politician Endorses Launching a National Cryptocurrency
A Turkish lawmaker affiliated with the political party partnering the country’s ruling party has proposed a national cryptocurrency. On bitcoin, the politician suggested the government open its own bitcoin exchange(!). Turkey’s former industry minister and deputy chair of the Nationalist Movement Party (MHP), Ahmet Kenan Tanrikulu, has reportedly drafted a ‘detailed report’ calling for the … Read more
Turkish Coup: Further Cause to Consider Investing in Bitcoin?
Was bitcoin’s price spike yesterday in response to the attempted Turkish military coup? Current events continue to make the case for bitcoin as an investment, according to Orange Peel Investments, an investment firm that describes itself as “long” on bitcoin. The company contributed an opinion about bitcoin’s role as an investment in Seeking Alpha. Turkish citizens, … Read more