Inflation

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Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report

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Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent onchain in the last year. The total … Read more

Microstrategy’s $250 Million Bitcoin Buy Consequential

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When a publicly owned company decides to invest about $250 million in an asset that was widely attacked more than a decade ago, it says a lot about how the world has changed. The reasons and the timing of Microstrategy’s bitcoin incursion could not have come at a better time for the company’s investors. The … Read more

Visa Exec Says ‘Opt Out With Bitcoin’ Slamming Fed’s Policy Change Toward Inflation

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On Thursday, 17 top Federal Reserve officials explained that the committee plans to let inflation run hotter than usual, or above the benchmark 2% rate for a duration of time. Fed Chair Jerome Powell’s speech was considered a “major policy shift” and a number of economists commented on the central bank’s move. Senior director of … Read more

Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

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Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips shows, peer to peer bitcoin trading volumes for the week topped an equivalent … Read more

Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis

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Fidelity Digital Assets (FDA) quotes Satoshi Nakamoto in its latest investment thesis report. The thesis is part of a series of reports examining the perspectives driving interest and investment in bitcoin. FDA is affiliated with Fidelity through parent company Fidelity Management & Research (FMR). One of the largest financial services corporations in the world, Fidelity … Read more