Turkey is experiencing a resurgence in cryptocurrency interest as major crypto exchanges set foot in the transcontinental country. From demographics to offline marketing to currency depreciation, there is plenty of motivation for the 84 million Turkish people to sign up to the new exchanges. Bitfinex, among the world’s largest cryptocurrency exchanges, recently announced its plans to expand into Turkey (see tweet). Coinbase reportedly set its sights on acquiring local exchange BtcTurk, while Binance is launching its first customer service center. Dünyanın önde gelen dijital varlık alım satım platformu Bitfinex çok yakında Türkiye'de. pic.twitter.com/bReVOyg1gU — Bitfinex TR (@BitfinexTR) April 24, 2022 …

Major United States-based cryptocurrency exchange Coinbase is reportedly planning to purchase BtcTurk for $3.2 billion. According to Turkish tech media outlet Webrazzi, which cited a Thursday report from Mergermarket, the two exchanges negotiated a price based on the market behavior of the Turkish lira and Bitcoin (BTC), arriving at roughly $3.2 billion. One or both of the two firms have reportedly already signed a term sheet. The potential acquisition would follow Coinbase CEO Brian Armstrong announcing plans to expand to every country in which the exchange can legally operate. Cointelegraph reported in March that Coinbase was preparing to purchase 2TM, …

Bitcoin (BTC) has frustrated investors with its recent price correction, but in one country, BTC hodlers have never been more relieved. Market data from TradingView on Nov. 23 confirmed that Bitcoin has hit new all-time highs against the Turkish lira. Bitcoin passes 700,000 lira Turkey is unofficially battling a currency crisis as President Recep Tayyip Erdogan pushes to keep interest rates low. The result has been the de facto collapse of the lira's exchange rate, with USD/TRY gaining 14% on Tuesday alone to pass 13 for the first time. While Turks witness their purchasing power decline in real time, those …

Major Turkish crypto exchange BtcTurk came forward about a data breach from mid-2018 that leaked sensitive information of over 500,000 users. According to the official announcement, the stolen data set contains BtcTurk users’ names, citizen ID numbers, emails, addresses, birthdates and mobile phone numbers. The stolen data set first appeared on an online forum for sale on Friday, with sample information as proof. The seller claimed that the information also contains user selfies with ID, a common approval requirement for crypto exchanges. Over the weekend, users who came across their personal information in the sample data used Crypto Twitter to …