Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming Hyperinflation

central bank of venezuela economic data inflationThe Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government trying to hide it by not offering […]

Go to Source

Powered by WPeMatico

Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report

Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin BalancesBitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers Allowed to Withdraw Up to 50% of Their Bitcoin at the Exchange Users of Bitzlato’s […]

Go to Source

Powered by WPeMatico

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises […]

Go to Source

Powered by WPeMatico