Hyperinflation – Page 3

Prices in Dollars Rose Almost 54% in Venezuela During 2022

Prices in Venezuela have been rising steadily even when denominated in foreign currency. According to data collected by Ecoanalitica, a market research firm, prices marked in dollars have grown close to 54% during 2022, affecting the income and savings of Venezuelans that have been using the U.S. dollar as an inflation hedge. Prices Grow Even […]

Go to Source

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability

venezuela inflation venezuelan sunacrip sudeban

Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to the recent drop in the value of the bolivar. Venezuelan Government to Monitor […]

Go to Source

Vitalik Buterin reveals 3 ‘huge’ opportunities for crypto in 2023

There’s still plenty of room for innovation, according to Ethereum’s co-founder Vitalik Buterin.

Go to Source

Is Bitcoin an inflation hedge? Why BTC hasn’t faired well with peak inflation

Bitcoin’s status as an inflation hedge has come under scrutiny in the current market, but experts point toward the exceptional market conditions.

Go to Source

Global inflation mounts: How stablecoins are helping protect savings

More people are using stablecoins to hedge against inflation, as they offer numerous benefits.

Go to Source

Crypto’s correlation with mainstream finance could bring more bleeding soon

Since the start of the year, the crypto market’s performance has been considerably poorer than the S&P 500 and other popular indexes.

Go to Source

UK hits double-digit inflation for the first time in 40 years

At 10.1% inflation, the United Kingdom joins 2 billion people around the world suffering as price rises erode people’s purchasing power.

Go to Source

Is Bitcoin really a hedge against inflation?

Bitcoin is working as a hedge against inflation despite its 2022 weak price performance, says Steven Lubka, Managing Directors of Private Clients at Swan Bitcoin

Go to Source

Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer

Crypto Jebb and independent market analyst Scott Melker agree that the crypto market’s toughest days still lay ahead.

Go to Source

Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Waiting for Bitcoin to Test $1,100 to Buy More

Rich Dad Poor Dad's Robert Kiyosaki Is Waiting for Bitcoin to Test $1,100 to Buy More

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he’s waiting for the price of bitcoin to test $1,100. He added that he will buy more if the cryptocurrency recovers from that price level. Robert Kiyosaki on Bitcoin Testing $1,100 The author of Rich Dad Poor Dad, Robert Kiyosaki, has […]

Go to Source