TagTurkey

Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery

turkey bitcoin adoption

By CCN Markets: 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 make perfect sense given Turkey’s recent economic struggles...

Turkey's Collapsing Currency Will Drive Investors to Bitcoin, Says Max Keiser

Turkey, Lira, Bitcoin

By CCN: Bitcoin bull Max Keiser has hinted that as Turkey’s economy worsens, Turks could turn to Bitcoin as a hedge. In a tweet, Keiser said that Bitcoin ‘will become a factor for Turks as hard money becomes hard to come by’. #Bitcoin will become a factor for Turks as Hard Money becomes hard to come by. — Max Keiser, tweet poet. (@maxkeiser) May 21, 2019 The broadcaster who hosts the Keiser...

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 a Sistemkoin account to compromise the...

Trump: I'll 'Devastate' Turkey's Economy if They Attack Syrian Kurds

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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 to avoid provoking Turkey. Starting the long overdue pullout from Syria while hitting...

ISIS Recruit who Used Bitcoin to Finance Terror Group Could get 20 Years in Jail

A Pakistani-American woman who bought bitcoin and other cryptocurrencies using fraudulently obtained credit cards before wiring the funds to ISIS has pled guilty to charges of offering financial support to a terrorist organization. According to court filings, Zoobia Shahnaz made a couple of wire transactions last year to fronts for the Islamic terror outfit ISIS in China, Pakistan and Turkey...

Tom Lee: Bitcoin to Hit $20k in 2018 Despite Struggle of Emerging Markets

Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $20,000. In an interview with CNBC, Lee stated that over the past year, Bitcoin, which has failed to show a correlation with the broader financial market and traditional assets like gold, has demonstrated a...

Research: Turkey Sees Best Likelihood of Mass Cryptocurrency Adoption

turkey lira bitcoin

Based on a survey conducted by Statistca on 15,000 individuals, Turkey has the highest percentage of population that has invested in the crypto market. According to the data released by Statistica shown below, 18 percent of the country’s investors have purchased cryptocurrencies like Bitcoin and Ethereum in the past few years. Motive of Residents in Turkey to Invest in Crypto Earlier this month...

Boost for Bitcoin? Germany Aims to Withdraw From US-Led Financial System

Germany

Germany, Europe's biggest economy, has called for an independent payment system free of the US, which experts have said is extremely positive for Bitcoin. Throughout the past several months, Iran and Turkey were hit hard by US sanctions, excluded from the global financial system. The two countries have been unable to initiate transactions to other countries, restricted from utilizing the global...

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