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Category: Exchange rates
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UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value
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Russia’s Yandex Search Engine Adds Cryptocurrencies to Its Converter
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Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
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Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021
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South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average
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Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates
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Economics Professor Tyler Cowen Says Cryptos Useful as Hedges or Forms of Payments – ‘Not Both’
Tyler Cowen, an economist and professor at George Mason University, has suggested that the key use cases of cryptocurrencies are mutually exclusive. He argues that cryptos can either be important inflation hedging tools or useful forms of payment but not both. The Regulation Threat The professor adds that despite the popular assertions by some that […]
The post Economics Professor Tyler Cowen Says Cryptos Useful as Hedges or Forms of Payments – ‘Not Both’ appeared first on Bitcoin News.
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Over 5,000 Bitcoin Worth $97 Million from the 2016 Bitfinex Hack Spring Into Action
As bitcoin surpassed its 2017 all-time high on Monday morning, a few hours later 5,045 BTC or $97 million worth of bitcoin from the 2016 Bitfinex hack was transferred. The hackers that stole the funds four years ago have moved the bitcoins numerous times this year. The hackers that stole 119,756 BTC from the cryptocurrency […]
The post Over 5,000 Bitcoin Worth $97 Million from the 2016 Bitfinex Hack Spring Into Action appeared first on Bitcoin News.
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Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances
According to a new report, the depreciation of some currencies against the U.S. dollar is contributing to the declining international remittances. After touching an all-time high of $548 billion in 2019, the World Bank report now projects remittances to drop 7.2% in 2020 to $508 billion and a further decline of 7.5% to $470 billion […]
The post Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances appeared first on Bitcoin News.
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