How Supply Affects Crypto’s Value, Explained
“Deflation” has been a bad word in the global economy for a while — but supporters of cryptocurrencies with fixed supplies believe it can be a good thing Go to Source Powered by WPeMatico
Inflation
Auto Added by WPeMatico
Report: ‘The State of Stablecoins’ Maps the Growth of Fiat-Pegged Cryptocurrency
A new report published this week shines a light on the stablecoin ecosystem. Authored by George Samman and Andrew Masanto in conjunction with Amazix, the report traces the rise of digital currencies against a backdrop of high inflation in 16 countries. The report claims these conditions will create a need for fiat-pegged digital currencies that … Read more
Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate
21 is a number that holds deep symbology to bitcoiners. In addition to denoting the total number of bitcoins, in millions, that will ever be issued, it’s inspired scores of cryptocurrency business names, websites, and merchandise designs. Despite its assumed inviolability, some members of the community are opposed to Bitcoin’s rigidly set 21 million supply. … Read more
Back to Basics: What Is Money?
Our current economic system can be compared to a merry-go-round that has us consuming, trapped in debt and spending as quickly as we earn. What is fiat currency? Why do we use it and who controls it? And how does it compare to gold and bitcoin? It is worth going back to basics, to better understand … Read more
Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy
Iran is toying with the idea of lopping zeros off its national currency as inflation goes through the roof. History tells us this is rarely a good idea. Cryptocurrency provides an alternative for those living in countries where the fiat currency is being rendered worthless. Crypto adoption in Iran is growing steadily, with government economic … Read more
Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’
For the second time in a little over a month, Venezuela’s president Nicolas Maduro has hiked up the value of the national cryptocurrency, the petro, this time to 36,000 sovereign bolivars. The move has again been met with criticism. Also read: Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It ‘A New Monetary System’ … Read more
Report: Venezuela Converts Pension Bonuses into State-Issued Crypto Petro
The Venezuelan gov’t has reportedly converted pensioners’ most recent monthly bonus into its national oil-backed cryptocurrency, the Petro Go to Source Powered by WPeMatico
Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey
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
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
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