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Turks Hold Their Capital as Bitcoin Instead of Turkish Lira

Türkler Sermayelerini Türk Lirası Yerine Bitcoin Olarak Tutuyorlar

Although cryptocurrency Turkish market is unbalanced, but Turkish investors BitcoinThey prefer. This season, only showed a growth of 37% in the volume of trade in Turkey, which in the worst trends of the outgoing crypto currency market shows that lowering the Bitcoin's popularity.

 

Inflation Value TurkeyCaptured

In Turkey; Over 25% The inflation rate decreased in November 2018. US announced on August 10 through retaliation tariffs It is estimated that Turkey's inflation relax a little. aluminum and steel because of tariffs against imports from Turkey, the Turkish Lira almost fifty percent. Nevertheless, this inflation value of Turkey's most important problem.

analysts Goldman SachaIn the first quarter of 2019, consumer price inflation will increase to 27%. However, it is expected to reach 15% at the end of the year. It continues:

 

”However, there is a positive risk due to cost pressures caused by producers and unbalanced crude food inflation and indexing to salaries.“

 

Turkey Cryptocurrency Balance Ahead

Bogazici UniversityProfessor Vedat Akgiray, in which the Finance, trust in financial institutions in Turkey currently very low it says. Therefore, many citizens other means of investmenteg a decentralized currency. Young Turkish citizens with good technology and Bitcoin and Ethereum invest in digital currencies They are doing.

Twentify with a local research firm, as in the crisis of the Turkish Lira in August 2018 with the aim of crypto currency in Turkey conducted a survey to gauge its popularity. As a result of the survey, 20% He came out buying bitcoins. The interesting part is the coin, which is apparently popular in the same month, 10% decrease in It showed.

Bitcoin.org In a tweet to his co-founder about increasing the number of visitors from Istanbul, he says:

! During the period when the Turkish Lira depreciated, visits to Bitcoin.org increased by 42% from Istanbul! That's how Bitcoin takes over the world; EFTs or ini HODL birim not by means of national currencies rather than taking their place! FT

 

Source: Coinidol

 

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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