Cryptocurrency’s protection against inflation has been one of key drivers behind its popularity with the Turkish public.
Among the first steps will be strengthening public finance structures to guard against risks, says Turkey’s President Erdogan.
Jack Dorsey's post from March 2006 received offers that went as high as $88,888.88 within minutes of the Twitter co-founder posting it for sale on a website that sells tweets as non-fungible tokens (NFTs).
Elon Musk launches a pair of potentially game-changing shifts for bitcoin, promising Tesla Inc would take payment for its electric vehicles in the currency soon and revealing it had already invested $1.5 billion in the cryptocurrency.
Despite its volatility, many investment funds continue to buy bitcoin, while banking giants have compared it to haven investment gold.
Price of the leading digital currency crosses $30,000-mark for the first time and analysts predict more historic highs in the near term.
The announcement by Central Bank chief Naci Agbal puts Turkey on the fast track to adopting a central bank digital currency (CBDC).
Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally.
How are governments adapting to disruptive digital currencies like bitcoin and blockchain payment systems?
The transition to digital transactions will help country cope with a shrinking population and a tight labour market.
Zuckerberg took pains to reassure lawmakers that his company won't move forward with Libra, the digital currency project of Facebook, without explicit approval from all US financial regulators.
German Finance Minister Olaf Scholz speaking with reporters at the IMF and World Bank fall meetings in Washington, cited growing concern about such “stablecoins” and the potential international risks they posed.
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