News Explorer — Half of the People in Turkey Now Own Crypto: Report

Half of the People in Turkey Now Own Crypto: Report

Crypto adoption in Turkey has increased from 40% to 52% over the past year and a half, according to a survey conducted by KuCoin. The growing number of crypto investors in Turkey indicates a rising interest in using cryptocurrency as a hedge against inflation, especially with the devaluation of the Turkish lira. Bitcoin is the most popular cryptocurrency among Turkish investors, followed by Ethereum and stablecoins.

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Decrypt

Half of the People in Turkey Now Own Crypto: Report

Crypto adoption in Turkey has increased from 40% to 52% over the past year and a half, according to a survey conducted b… Read Summary

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Sep 2, 6:39 pm

The Block

Vitalik Buterin Sells His Remaining MakerDAO Tokens

Ethereum co-founder Vitalik Buterin has sold his remaining stake of 500 MakerDAO tokens on CoW Protocol, receiving 353 E… Read Summary

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Sep 2, 4:30 pm

The Block

Sam Bankman-Fried and Alameda Research Execs Received Personal Cash Transfers From Company Funds

A recent filing from the FTX debtors revealed that executives of Alameda Research, including former FTX CEO Sam Bankman-… Read Summary

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Sep 2, 10:01 am

Decrypt

Base Network Rakes in the Fees Riding Crypto’s Favorite Memes

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Sep 2, 2:51 am

Cointelegraph

MakerDAO Cofounder Floats Solana Codebase for Native Chain Instead of Ethereum

MakerDAO cofounder Rune Christensen has proposed building the upcoming native chain for the decentralized finance projec… Read Summary

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Sep 1, 10:32 pm

Decrypt

Solana Co-Founder Says FTX’s SOL Should Be Distributed to Customers

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Sep 1, 8:54 pm

The Block

Ripple Labs Opposes SEC’s Request for Appeal: Filing

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Sep 1, 6:42 pm

Decrypt

Robinhood Repurchases $606M in Shares Seized From FTX Founder

Robinhood has completed a buyback of $606 million in seized shares that were once owned by FTX founder Sam Bankman-Fried… Read Summary

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Sep 1, 6:19 pm

Decrypt

Uniswap Court Ruling Makes DeFi a Regulatory ‘Anomaly’

A district judge ruled that Uniswap investors and developers are not liable for the impact of so-called scam tokens, sta… Read Summary

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Sep 1, 5:07 pm

Decrypt

USDC Stablecoin Market Share Hits Two-Year Low

The market cap of USD Coin (USDC) has hit a two-year low, dropping to $26.1 billion and making it the sixth largest digi… Read Summary

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Sep 1, 2:58 pm

Decrypt

Cambridge Overhauls Bitcoin Electricity Consumption Index

The University of Cambridge has updated its Bitcoin Electricity Consumption Index (CBECI) to provide a more accurate ass… Read Summary

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Sep 1, 1:09 pm

The Block

NFT Trading on Ethereum at Lowest Level in Two Years

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Sep 1, 12:15 pm

Decrypt

USDT Slight Depeg Throughout August Raises Concerns About Its Stability

According to a recent Kaiko research, USDT, the largest stablecoin in the crypto industry, has experienced a slight depe… Read Summary

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Sep 1, 12:05 pm

Decrypt

Bitcoin, Ethereum Spot Trading Volumes Are On Track for Lowest Levels Since 2019

Bitcoin’s spot trading volumes for the current quarter have reached $721.10 billion, the lowest since Q1 2019 if Septemb… Read Summary

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Sep 1, 3:41 am

Cointelegraph

Binance Australia’s General Manager Confident in Australian Regulators’ Ability to Make Informed Decisions on Crypto Rules

Binance Australia’s General Manager, Ben Rose, is confident in Australian regulators making the right decisions regardin… Read Summary