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From Gold to Greenbacks: A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing
26.2.2021
228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Moreover since 1971, after being backed by precious metals for decades, American dollars have been backed by nothing and estimates say a quarter of...
German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation
18.2.2021
On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive officer, Lars Müller explained that the company...
Human Rights Foundation’s Alex Gladstein Calls Bitcoin ‘An Escape Hatch From Tyranny’
8.2.2021
The Human Rights Foundation (HRF)’s Alex Gladstein has heaped praise on bitcoin saying it’s an escape hatch from tyranny and that there is more to it than its price. In comments made via a short video, Gladstein, who is the chief strategy officer (CSO) at HRF, asserts that “people...
Asset Manager Ruffer Confirms $750 Million Bitcoin Investment as Hedge Against Fiat Currency Devaluation
16.12.2020
Investment management firm Ruffer, with over $27 billion under management, has confirmed that its bitcoin investment now totals $750 million. A Ruffer spokesperson told news.Bitcoin.com that this was “primarily a protective” move for the firm’s portfolios, as the firm reduced...
British Politician Nigel Farage Says Bitcoin Is the Ultimate Anti-Lockdown Investment
5.12.2020
British politician and leader of the Brexit Party, Nigel Farage is lauding bitcoin branding it as the ultimate anti-lockdown investment. The controversial politician’s comments are drawn from one edition of his daily ‘Fortune & Freedom’ newsletter whose mission is to help...
Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations
24.11.2020
If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance...
Morgan Creek CEO Says Bitcoin Doing ‘Extremely Well’ Due to Fed Reserve’s Dollar Devaluation
20.11.2020
CEO Mark Yusko said "zombie companies" left the Fed no choice but to devalue the dollar, prompting investors to turn to bitcoin and gold
How a Massive Devaluation of the Egyptian Pound Inspired a $100M Bitcoin ETP
7.11.2020
Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016
Lyn Alden’s Latest: Why Currency Devaluation Is Inevitable
20.9.2020
This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report
10.9.2020
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 $8.1 billion sent...
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation
2.9.2020
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another...
Stiffened Regulations, Naira Devaluation Pushing Nigerians to Crypto
19.8.2020
Around the world, the acceptance and utilization of blockchain technology and its underlying cryptocurrencies has become more imperative. With the surge in the number of bitcoin (BTC) and altcoins users, it could be presumed that people are now more aware of the possibility of attaining financial...
Invest 3% in Bitcoin to Avoid COVID-19 Lockdown Devaluation — BitGo CEO
12.8.2020
The U.S. has made a rod for its own back with lockdown, and institutional investors already know it, argues Mike Belshe
12 Platforms Allowing You to Trade Gift Cards With Cryptocurrencies
19.3.2020
In an emergency situation like the current coronavirus pandemic, anything can turn into currency as the fiat system may experience cash shortages and devaluation. Cryptocurrency users have options to trade bitcoin beyond traditional money. A number of platforms will let you exchange...
Dogecoin Faces Temperate Devaluation Which May Lead Towards a Bear Rally
20.9.2019
Since the entire market is suffering from the recent pullback and volatility, the same has been the case with Dogecoin too. However, the recovery is expected to be high based on the past movement in Dogecoin. As per the statistics from the past 5 days, DOGE was initially trading at $0.002578 as...
Huobi Expands Crypto Exchange to Argentina Amid Peso Devaluation
18.9.2019
Crypto exchange Huobi is expanding to Argentina as cryptocurrencies gain acceptance in the region as a hedge against the infamous inflationary peso
Bitcoin Cash Devaluation Continues, Shows No Sign of Recovery
14.9.2019
Recently, some of the BCH developers revealed about a new crypto platform called Honeypoints, which is released for beta testing on Testflight of Apple. This application is created by two former Bitcoin.com developers. They also revealed that this token reward platform is built on the Bitcoin Cash...
Bitcoin Cash Price Remains at $300 Despite 2% Devaluation
11.9.2019
Bitcoin Cash is one of the major coins of the market and like all other coins; it also faced volatility over the last 24 hours. However, the loss of almost 2% could not push the coin below $300. The coin has shown four major price swings in this period and the medium-term outlook of the …
The...
Bitcoin Being Traded At Premium In Crisis-Hit Argentina And Hong Kong, Comes To Rescue From Devaluation
14.8.2019
Bitcoin (BTC) has proven to be of tremendous value in crisis-hit countries, with live examples like Venezuela. The South American country, which had been in socioeconomic and political turmoil, saw accelerating demand for Bitcoin, as it was viewed as a safe asset to park wealth. A similar story...
Currency War Erupts as US and China Bring Out the Big Guns
6.8.2019
What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people...