Positivity blazing through a bear market: Blockchain Economy Istanbul 2022
The Blockchain Economy Istanbul 2022 summit made one thing clear: The positivity of the crypto ecosystem remains unfazed by the turbulent market shakeouts. Held at Hilton Bomonti, a fancy hotel next to a renovated and repurposed beer factory in Istanbul, the fourth iteration of the Blockchain Economy Summit 2022 (BE2022) proved to be a significant step-up compared to its pre-pandemic predecessors.The previous summit, BE2020, was held at the WOW Convention Center two years back. In addition to being situated in a harder-to-reach part of Istanbul, the summit coincided with the COVID-19....
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The Turkish crypto and blockchain ecosystem is working hard to build during the bear market, according to local experts. The people of the Turkish crypto ecosystem are very eager to apply the age-old words of wisdom, “The bear market is an opportunity to build,” to make İstanbul -the business hub of Turkey- home to the global hype surrounding Ethereum.Turkey is one of the most active countries in crypto and blockchain, and its interest extends beyond market movements. Along with a considerable base of crypto investors, the local community consists of university clubs, Web3 startups,....
Key differences in the use and development of cryptocurrencies come to the fore as Blockchain Economy Istanbul continues to focus on emerging markets. The proliferation of cryptocurrencies around the world has been driven by different use-cases, with key differences becoming apparent between developed and emerging market environments.Lou Yu, who heads up KuCoin Labs, tackled the subject after a keynote address during the second day of Blockchain Economy Istanbul in Turkey. In an exclusive interview with Cointelegraph, Yu unpacked her experience working with a variety of projects and....
Turkish residents continuously maintain a bullish stance on crypto transactions despite the bear markets. Ismail H. Polat, a media lecturer at Kadir Has University in Istanbul, said the driving factor is the high inflation. Recent reports show the Turkish crypto industry is working to build the crypto ecosystem amid the bear market. The Turkish blockchain […]
The 2022 bear market has been brutal as more than $2 trillion in value has been wiped away from the crypto economy. In addition to record values lost, the crypto winter has managed to break a number of popular bitcoin price models like the rainbow price chart and Plan B’s infamous stock-to-flow model. Moreover, since May 11, 2022, the well known power-law corridor model or logarithmic growth curves chart has also broken, and it’s deviated below the lower band for roughly 86 days.
A Deviation From the Norm: 2022’s Bitcoin Bear Market Breaks Some of the Most Popular....
The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current bear market “a bear of historic proportions,” while highlighting that “it can reasonably be argued that 2022 is the most significant bear market in digital asset history.”
Glassnode Researchers: ‘Bitcoin Is Currently Experiencing the Largest Capital....