News Commentary #1,611 – DollarBill | Turkey, USA, Crypto..

DollarBill (reviewed here) platform decided to inform its members of other news from the worldwide and both posts were connected to Crypto market.

*Doing this we all have an opportunity to see the development and implementation of the new world order the basics of which would definitely (in my humble opinion) lay on the blockchain technology and cryptocurrencies sector to provide all current financial mechanisms.

Few (3-4) years ago, when some of you were still in doubt, in one of EN articles, we said that BTC and crypto markets will not move anywhere, we said to pay your attention on global perspective not on “Pumps and Dumps” of particualr coins.. It seems we did it right and i hope most of you made right decisions at that time..

Meanwhile let’s check DollarBill news:

Turkey: Crypto Becomes Ultra-Trendy as Lira Falls

Turkey is currently undergoing mass cryptocurrency adoption. This is despite little regulatory framework for these assets. The demand for digital assets has grown in Turkey amidst a financial crisis.
Survey findings
-Cryptocurrencies have become trendy to most Turkish nationals for the first time. New traders are exploring what the technology offers.
-25% of Turkish traders have been trading crypto assets for over a year.
-There is no gender divide. Turkish women are nearly as well-represented as men when it comes to trading and investing in crypto. 47% of investors are women and 63% of the crypto-curious are women.

Inflation is currently running wild in Turkey, and Turkish lira has lost nearly 50% of its value. This probably explains the fact that 40% of the internet population aged 18-60 own crypto or have traded them in the past 6 months. 59% of crypto investors plan to buy more in the next 6 months.

 

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SEC to Investigate NFT Market Over Alleged Securities Violations

United States Securities and Exchanges Commission (SEC) chairman Gary Gensler has announced a series of crackdowns on non-fungible token (NFT) creators and marketplaces. According to Bloomberg, the SEC is investigating whether certain NFTs are being used to raise money like traditional securities.

The agency has sent subpoenas in the past couple of months asking for clear information about token offerings. The information was provided by someone who, according to Bloomberg, is familiar with the matter but spoke on condition of anonymity. The SEC has made no comment so far.

According to the report, the SEC is reviewing fractional NFTs, which are divided into pieces, allowing investors to buy a piece of the digital assets that may otherwise be unaffordable.

Check other news for today and Please stand by..

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