Inflation

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Rumors of Bitcoin’s Death Are Greatly Exaggerated

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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

Bitcoin Halving Will Drop Inflation Rate Lower Than Central Banks’ 2% Target Reference

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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

Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems

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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

Latin American Countries Show an Increasing Appetite for Bitcoin

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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

The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year

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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

China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan

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China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of the yuan just rose to its highest level since … Read more

Crypto Secularizes Wealth by Returning Power to the People

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Secularization is the process of converting something from a religious status to a nonreligious one. In its usage here, the word “religious” has no necessary connection to a deity. The word refers to the mystification of a thing in order to elevate it to the status of the divine where it becomes unquestionable. Also Read: … Read more