Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 10, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Perhaps one of the oddest harbingers in our current global economy is the staggering amount of negative-yielding…
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Bitcoin has been often used as a store-of-value cryptocurrency, rather than as a transactional one. Countries that face problems with their own currencies have now turned to Bitcoin as if it would be the "gold of tomorrow". Turkey may be the next country to bet on Bitcoin, given that the Turkish Lira is currently plunging.…
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Cargill, the American agricultural company, has decided to use the technology of blockchain to track the origins of Thanksgiving Turkey. Blockchain has seen so many applications in so many industries and sectors, that it is not surprising at all to see that kind of innovation employed by a big US company. The testing will be…
Read moreTurkey’s treasury is set to pave the way for foreign investors to issue foreign exchange-based securities as part of the Istanbul Finance Center project, in a move to attract more foreign investors into the country’s capital markets, Hurriyet Daily News has announced. Deputy Prime Minister Mehmet Şimşek commented: Foreign investors and issuers can make transactions…
Read moreLeading CySEC and FCA regulated broker FxPro is informing clients that normal trading activity on Turkish lira (TRY) pairs will be re-enabled on all platforms on Monday, July 25, 2016, at 12.00 (GMT+3), subject to an increase of margin requirements to 5% for all existing and new positions. On Sunday July 17 FxPro informed clients…
Read moreFCA and CySEC regulated broker FxPro informed clients today that as a result of the apparent attempted coup in Turkey and the increasing volatility across the markets, the following trading conditions went into effect upon Market Opening on Monday, July 18 (00:00 GMT+3): - "Close Only" functionality enabled on FxPro MT4 and FxPro MT5 on all…
Read moreTimes have been tough for banking in recent years, but the winners of this year's World Finance Banking Awards are proof that banking is on the up. Among the most notable winners of this year's awards is Garanti Bankasi, which picked up the award for the best retail bank in Turkey. With over 230 years…
Read morePayPal, the multi-currency global payments provider today informed customers in Turkey that they can no longer be served via the official Turkish PayPal page. According to different media outlets, apparently the Banking Regulation and Supervision Agency (BRSA) of Turkey is only approving companies with infrastructure based within their borders. Customers in Turkey as of June 6, 2016, will…
Read moreOvernight Repo Rate Futures contracts will commence trading on Borsa İstanbul Derivatives Market (VIOP) on October 21, 2015.
Read moreThe parent of Turkish Forex broker IsikFX will have to pay an administrative fine for providing investment advice in violation of the national laws.
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