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Report: Sudan Rejects Russian Illicit Gold Smuggling Allegations
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1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape in Bitcoin’ Says HRF’s Alex Gladstein
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8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs
The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency. The bitcoin ATHs in these countries show how […]
The post 8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs appeared first on Bitcoin News.
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Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars
During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%. Experts say that the […]
The post Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars appeared first on Bitcoin News.
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Binance DEX Will Geoblock Users From 29 Countries, Including the US
Access to the decentralized exchange developed by major cryptocurrency exchange Binance will be blocked from 29 countries
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Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos
Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking […]
The post Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos appeared first on Bitcoin News.
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Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization
For bitcoin idealists, the coming utopia for global finance stars bitcoin dismantling the fiat hegemony, empowering citizens to own their money without central bank mediation, and facilitating borderless trade. Credited to Satoshi Nakamoto Institute co-founder Daniel Krawisz, hyperbitcoinization is a term which describes bitcoin coming to dominate the global currency basket through mass adoption. Also […]
The post Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization appeared first on Bitcoin News.
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Exchanges Roundup: UK MP Quits Ironx After Four Days, Daily OTC Volume Estimated at $250M
In recent news regarding cryptocurrency exchanges, a member of the British Parliament has quit his role with a cryptocurrency exchange just four days after joining the company, analysts have estimated the daily volume of the over-the-counter (OTC) cryptocurrency markets to be $250 million, and Poloniex’s new terms of use have banned residents of Germany, China, Pakistan, […]
The post Exchanges Roundup: UK MP Quits Ironx After Four Days, Daily OTC Volume Estimated at $250M appeared first on Bitcoin News.
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Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again
Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add […]
The post Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again appeared first on Bitcoin News.
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