Binance Beats Coinbase Over Dogecoin And Turkey Bans Crypto
Last Updated on 17 April 2021 by CryptoTips.eu
Bitcoin is trading steady and well above $60k as it entered the weekend with many Wall Street traders discussing the coin’s newest gains as they took a breather from stock markets that saw record highs as well.
Dogecoin was allover the internet and social media channels as it entered new territory and climbed into CoinMarketCap’s charts.
Over in the Middle East, Turkish President Erdogan announced a ban on trading crypto for his countrymen, who had just started discovering Bitcoin, Ethereum and so many others.
Binance Beats Coinbase Over Dogecoin
Dogecoin was once again spread out over all front pages of crypto websites around the world after climbing several hundreds of percentage points this week. Since the beginning of the year, the joke crypto has now climbed 6,000% and entered the top ten of CoinMarketCap. Dogecoin is trading 23% higher than yesterday and above $0,30.
With that, Binance is seeing a flurry of trading for a coin that is not listed on Coinbase.
The Brian Armstrong company is getting numerous requests from clients to offer the joke cryptocurrency for trading but has so far held off.
The website states that:
Although DOGE is not available to trade, you can add it to your watchlist, read news and more with a Coinbase account.
Turkey Bans Crypto
Turkish President Erdogan must have seen all the articles proclaiming the spike in interest for Turks of trading crypto. As their own Lira has dropped in value and the Turkish government keeps changing central bankers in a panicky bid to stave off rising inflation (more than 10% now), Erdogan was keen on not letting Bitcoin become more powerful than himself and thus ordered his parliament to install a ban on trading crypto.
Turkish money has lost 70% plus of Its value in the last 6 years. 16% per year right now. #Bitcoin is Freedom
— Dennis Parker (@Xentagz) April 16, 2021
The new ban, announced by the new central banker Erdogan appointed, will take place on 30 April. The Turkish leader in this manner copies the Nigerian parliament which tried the same this year (to no avail though as African youngsters keep trading and HODLing Bitcoin). India and China also announced such bans, but in the Middle Kingdom, millennials keep trading no matter what.
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