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The Greatest Wealth Transfer: Economists Predict the Emergence of New Bitcoin Millionaires, BTC Capturing 3% of Gold Market
27.4.2020
The global economy has been feeling the hardships from the mandated lockdowns various nation states have implemented during the last month and a half. Oil prices have dropped below zero for the first time in history, and economic powerhouses like the U.S. are starting to show cracks in the system....
Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela
24.4.2020
Valiu wants to combat Venezuelan hyperinflation and capital controls on remittances with a Bitcoin-backed synthetic dollar
Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations
24.4.2020
Since the start of the coronavirus outbreak, the U.S. Federal Reserve has created trillions of dollars in order to keep the central bank’s private partners’ liquidity strong during the economic downturn. These moves have caused a number of sound money advocates and economists to explain...
Exclusive: QE Won't Trigger Hyperinflation, says World's Hyperinflation Expert
2.4.2020
The central bank of Zimbabwe issued a 100,000,000,000,000 note during the hyperinflation in 2009. It barely paid for a loaf of bread. There has been a lot of discussion recently on the effects of the COVID-19 pandemic on the global economy, on the measures taken by the governments to mitigate those...
Hyperinflation and Zimbabwe’s Multi-Currency Reality: Bitcoin in Africa Podcast, Part 2
26.3.2020
After three weeks of listening, recording and talking bitcoin (BTC) in Africa, podcaster Anita Posch is back in part 2 of her six-part documentary podcast series. Presented in audio and full written transcript formats
Alex Kruger Predicts a Hyperinflation in the Long Term Due to the Stimulus Package
24.3.2020
The novel Coronavirus just doesn’t seem to stop, with the impact growing by the day, causing huge losses to the global economy. To fight the slowdown, the US Government had announced a $2 trillion stimulus package, which to help the workers meet ends. However, financial analyst and economist...
Cash Crisis: National Currencies Plunge in the Wake of Coronavirus
24.3.2020
Announcing an open-ended QE program Monday for unprecedented asset purchasing, the U.S. Federal Reserve has pledged to purchase assets "in the amounts needed," signaling the beginning of a virtually unlimited easing effort which will include moving into corporate bonds for the first time.
The post...
Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare
19.3.2020
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro...
Experts Say the Fed’s QE Program Will Strengthen Bitcoin – One Way or Another
17.3.2020
While QE may be anathema to crypto hardliners, some experts agree the net effect on bitcoin prices is positive
‘Zimdollars’ Issued for First Time in Ten Years Amidst Continued Hyperinflation
14.11.2019
The new Zimbabwe dollar has hit the streets, with banks beginning to issue the paper currency Tuesday. The ‘Zimdollar,’ existing earlier this year as coins, e-balances, the RTGS dollar, and bond notes, was returned to in June as a replacement for the Real Time Gross Settlement (RTGS)...
How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise
23.10.2019
Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling...
Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money
14.9.2019
There’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust...
Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential
6.9.2019
For quite some time now, Venezuela has been suffering from a political crisis and a collapsing economy. Venezuelans dealing with rampant inflation continue to see their purchasing power decline. After witnessing one of the worst economic disasters in modern history, 4 million citizens have...
How Governments Steal Your Money and Conceal It Through Inflation
5.8.2019
Dozens of countries all over the world have used the same trick called redenomination to hide how they have stolen their own citizens’ money through inflation or hyperinflation. The next nation to try this economic sleight of hand is the government of the Islamic Republic of Iran. Also Read:...
‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders
12.7.2019
P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically...
Why Bitcoin Maximalists Ignore the Value Proposition of BCH
7.7.2019
Some crypto companies keep wilfully ignoring BCH. Let’s compare the coins and see if BCH haters rail against Bitcoin Cash on purpose or simply due to a lack of understanding. Also read: Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up Bitcoin...
Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up
2.7.2019
Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less...
Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation
14.6.2019
Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to...
Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin Cash
6.6.2019
For years Venezuelans have been surviving the harsh economic climate of their country, beset by hyperinflation and political instability. Small businesses have been hit the hardest. But even in these difficult conditions, the ingenuity and hard work of Venezuelan entrepreneurs has allowed them...
Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash
2.6.2019
Venezuela is among those nations where cryptocurrencies enjoy faster adoption. The South American country suffers from a political and economic crisis causing hyperinflation of the national fiat, the bolivar. Coincoin, a mining equipment supplier based in Caracas, is one of many Venezuelan...