Financial technology

In 2024, the number of cryptocurrency holders has surged to 562 million, marking a significant increase of 33% from the 420 million reported at the same time last year. This data is highlighted in the quarterly crypto market analysis released by Belayer.

The drive towards a digital economy comes at an environmental cost, the United Nations has warned, with big data centres consuming vast amounts of water and energy.

While digitalization fuels global economic growth, its environmental repercussions are becoming "increasingly severe," the U.N. trade and development agency UNCTAD said in a report.

These days, the cryptocurrency “Fear Index” is “in the red” and sinking further and further: From 30 last week (the scale is from 0-extreme fear to 100-extreme greed), on Friday it fell to 29 and on Saturday it plummeted to 26, a year-plus low – since Bitcoin was at $17,000.

Work on introducing a tax on stock transactions has been postponed after feedback from all relevant parties, Finance Minister Mehmet Şimşek has said.

"We are postponing the draft tax work for the stock exchange for a while for further re-evaluation," Şimşek wrote on the social media platform X.

The oversight is shifting to the Capital Markets Committee, setting new standards for cryptocurrencies, electronic wallets, and other digital transactions. Discussions are underway regarding a potential 15% tax

A well-established international cryptocurrency fraud, dismantled recently, resulted in numerous victims and significant profits for a criminal network.

In the last 24 hours, positions worth $526 million were liquidated in the cryptocurrency market - Concerns on Wall Street about the risk of a sharp correction

Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300, according to reports from AFP.

In a testament to its enduring resilience, Bitcoin, the world's leading cryptocurrency, continued its upward trajectory on Wednesday, inching closer to the significant milestone of ,000. The cryptocurrency's resurgence has been fueled by a confluence of factors, including positive industry developments and growing investor optimism.

The most popular cryptocurrency engages in another jump in the last few hours - As of November 2021 it holds the record of $69,000