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Lira
Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin
BiLira's TRYB stablecoin is pegged to the lira (TRY) and 100% backed by fiat reserves held in Turkish banks.
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.
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.
Why is Crypto Booming in Turkey?
The Turkish lira's instability and recent plummet may not be the only thing making crypto thrive: a lack of regulations makes Turkey a very crypto-friendly nation. "The Hash" panel weighs in on crypto's role in Turkey and other countries experiencing economic turmoil.
Turkish Lira Tumbles as Erdogan Axes Turkey’s Central Bank Chief
Turkish President Recep Erdogan fired the head of the country’s central bank. In the wake of the lira’s tumble, internet searches for “bitcoin” in Turkey have skyrocketed. “The Hash” panel weighs in on the increasing role of crypto in unstable economies.
Bitcoin Searches Spike in Turkey as Central Bank Chief Fired, Lira Plummets
Turks might be looking for bitcoin as a potential store of value against further currency weakening or as a hedge against inflation.
Where Crypto Exchanges Are Beating the Bear Market
Turkish exchanges OKEx and BtcTurk are onboarding thousands of crypto traders as the lira falters.
Bitcoin Price Hits 7-Month High Against Turkish Lira
Turkey's economic crisis looks to have boosted bitcoin's appeal as a safe-haven asset, pushing it to seven-month highs against the lira.
