As the Turkish lira has been losing its power, citizens have been turning to crypto. While Turkey’s annual inflation rate has reached 78.62%, the BTC volume of local P2P trading has increased significantly in Q1 and Q2 2022, compared to Q4 2021. According to data from the Turkish Statistical Institute, Turkey’s inflation rate has hit…

Sam Bankman-Fried, head of FTX, one of the largest crypto exchanges, said he and his company still have a “few billion” on hand to shore up struggling firms that could further destabilize the digital asset industry, adding that the worst of the liquidity crunch has likely passed. Bankman-Fried, 30, who lives in the Bahamas where…

In the UAE, the first hospital in the metaverse under the management of Thumbay Group will go live this October. It will be a fully functional virtual hospital where patients around the world can use avatars to interact with doctors. Healthcare provider Thumbay Group announced it has already started work on the project. It will…