Turkish Lira – DIGIT INFO

Bybit Türkiye Gains Recognition as a Crypto Asset Service Provider by Turkish Regulator

DIGIT — Mon, 23 Sep 2024 14:38:36 +0000

Bybit Türkiye, the partner platform of global cryptocurrency exchange Bybit, has been officially listed as a crypto asset service provider by the Capital Markets Board (CMB) of Turkey. Turkish Regulator Grants Bybit Türkiye Crypto Asset Service Provider Status According to Bybit Türkiye’s announcement, the recognition marks a significant milestone for the exchange, allowing it to […]

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Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate

DIGIT — Sun, 24 Mar 2024 20:00:05 +0000

According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with smuggling hitting unprecedented levels. Additionally, there is a growing interest among […]

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Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey

DIGIT — Fri, 27 Oct 2023 05:01:17 +0000

The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar.

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BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

DIGIT — Sat, 25 Feb 2023 19:00:53 +0000

After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme […]

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Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days

DIGIT — Sun, 19 Feb 2023 23:30:35 +0000

Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over […]

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BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

DIGIT — Tue, 14 Feb 2023 02:45:02 +0000

Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD […]

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Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High

DIGIT — Wed, 01 Feb 2023 19:00:32 +0000

On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT is still up 349% compared to last month’s exchange […]

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Report: Turkey’s September Gold Imports up by 1,700% as Individuals Swap Falling Lira With the Precious Metal

DIGIT — Fri, 14 Oct 2022 22:30:03 +0000

Turkey’s gold imports of just over 39,000 kilograms in September 2022 are more than 16 times the quantity that was brought into the country in September 2021. The surge in Turkey’s gold imports is reportedly being spurred by the rise in demand for the precious metal by individuals and entities using it in foreign currency […]

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Report: 42.9% of Turks View Gold as Best Form of Investment, Only 1.9% Would Invest in Crypto

DIGIT — Mon, 30 May 2022 10:00:41 +0000

A new study has found that nearly 43% of Turkish individuals surveyed consider gold to be the best form of investment, while just 1.9% said they would invest in cryptocurrencies. Real estate is the next most-preferred after gold, with 27.4% of the respondents saying they would invest. Fewer Turks Now View Gold as Best Investment […]

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Russia’s energy chief says it would accept Bitcoin for oil and gas

DIGIT — Fri, 25 Mar 2022 01:09:41 +0000

The heavily-sanctioned country is scrambling to find ways to increase its revenue and has floated the possibility of allowing China and Turkey to pay for energy in Bitcoin.

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