Inflation

Auto Added by WPeMatico

Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey

by

Cointext began offering its new SMS-based bitcoin cash wallet service on Oct. 15 in Turkey and Argentina, two countries in which cryptocurrency use has been rising sharply in response to dire economic conditions. Also read: Binance Launches Fiat-to-Crpto Exchange in Uganda Mobile Wallet Handles BCH Transactions by Text Message “Bitcoin is better money,” Vin Armani, founder … Read more

50 Indian Traders Share Thoughts on Investing, RBI Ban, Future of Crypto in India

by

Fifty traders who use Indian crypto exchange Instashift have shared their thoughts on the current crypto environment in India. Most of them said that they “hodl” and would continue to invest in crypto despite regulatory uncertainty. Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision Most Respondents Are Hodlers A survey was … Read more

Europe, Japan and the ‘Drug’ of Quantitative Easing

by

Last month, news.Bitcoin.com examined the problem of quantitative easing (QE) and its impact on the U.S., and how such policies have spread to the rest of the world. This month, we continue to drill down on the phenomenon of governments printing trillions of dollars worth of fiat currency simply by pressing buttons on their computers. Value … Read more

Wendy McElroy: Crypto Takes Anarchism Digital and Explodes Old Concepts

by

The Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 1 Crypto Takes Anarchism Digital and Explodes Old Concepts All around us are the almost unimaginable benefits of markets, cooperation, and technology, yet somehow we’re naïve if we don’t want to funnel human activity through government cattle … Read more

Turkey Finance Minister Embraces ICO Hype for Already Troubled Economy

by

If regional Turkish media is to be believed, no less than the country’s Minister of Finance (Finmin), Berat Albayrak, has proposed looking into the wildcat world of initial coin offerings (ICOs) as a way to boost the economy. English-speaking press reports so far haven’t mentioned Turkey’s supposed turn toward state-backed crypto products, but they have … Read more

Steve Hanke: Central Banks Fuel Wealth Loss and Inflation – The World Needs Less of Them

by

Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth. Also read: Ex-Liberia Central Bank Chief Under Probe For … Read more

Bitcoin Hits $24,000 In Iran After Government Okays Mining

by

The world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards. How high can it go? Also Read: Iran Officially Recognizes Cryptocurrency Mining Falling Rial, New Policy … Read more

Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says

by

A new Venezuelan fiat currency, ‘anchored’ to the nation’s crypto, the Petro, is expected to start circulating in the second half of August. The news was announced by president Maduro himself, along with other measures intended to improve the economic situation in the country. The ‘Sovereign Bolivar’ will have less zeros than the inflated ‘Strong … Read more