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In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro has also shut down the national banking system and regional authorities banned gasoline … Read more
BitMEX Research suggests that the issuance of the CBDC will lead to inflation as the last lever on the banks’ ability to create money will be lifted Go to Source Powered by WPeMatico
Bitcoin now faces its biggest test in the form of global coronavirus financial market crash, BitMEX Research says Go to Source Powered by WPeMatico
Zimbabwe is now warming up to crypto as the infamous Zimbabwe dollar exists once again Go to Source Powered by WPeMatico
According to the Bitcoin Obituary Page, Bitcoin died 379 times between 2010-2019 of an astonishing array of causes. The number is undoubtedly understated since it is based on a limited sample of obituaries. Despite the glee with which the corpses of Bitcoin are contemplated, however, cryptocurrency thrives because it continues to fill the human need … Read more
When Satoshi Nakamoto invented Bitcoin, the creator designed the protocol to be an inflationary currency, one that is predictable as bitcoin’s inflation always decreases every four years. Today, 77 days before the reward halving, BTC’s inflation rate is around 3.6% and it’s expected to drop to 1.8% after the halving event. The cryptocurrency’s inflation rate … Read more
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit funds from the Bzx platform twice, as … Read more
Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people can afford and regularly do put some money aside but bank accounts are no longer offering inflation … Read more
The appeal of bitcoin is greater in regions where financial hardship is commonplace. Both Venezuela and Argentina show an increasing demand for BTC as the year draws to a close. It is a well-known fact how Latin American countries struggle financially. Bitcoin Remains Popular in Latin America Those problems are more apparent in Venezuela and … Read more
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when there is inflation, has … Read more