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Bitcoin Hits All-Time-High (in Argentinian Pesos!) – Will Inflation Spark BTC Adoption?
26.4.2023
Bitcoin (BTC) has hit an all-time price high in Argentinian pesos – a fact that appears to say more about the struggling fiat than the popular cryptoasset.
The peso (ARS) has been dogged by spiraling inflation in recent years.
This has intensified in recent months, with inflation now topping...
Economist Peter Schiff Warns US Will Default on Its Debt — Raising Debt Ceiling Will Make Problem Worse
26.4.2023
Economist Peter Schiff has warned that the U.S. will default on its debt obligations. He further stressed: “All the bad stuff that they’re saying is going to happen if we don’t raise the debt ceiling is guaranteed to happen because we do raise the debt ceiling.” Peter Schiff on U.S. Debt Default...
Economist Warns of ‘Catastrophic’ Fall in American Living Standard — Elon Musk Weighs in on De-Dollarization, US Dollar Weaponization
26.4.2023
Economist Peter St Onge has warned that U.S. dollar weaponization will lead to “soaring inflation, a catastrophic fallen American standard of living, and a U.S. that falls off the world stage.” Commenting on the economist’s warnings, Tesla and Twitter CEO Elon Musk weighed in...
Bitcoin price hits new record high in Argentina
25.4.2023
Argentina's pesos have crashed 99% versus the U.S. dollar since the beginning of the currency crisis in 2018
Zimbabwe's Central Bank Plans Gold-Backed Digital Currency to Stabilize Local Economy
24.4.2023
The central Reserve Bank of Zimbabwe (RBZ) plans to introduce a gold-back digital currency, meant to be used as legal ledger within the country.
The new currency will be used for transactions within the South African nation as part of its plans to stabilize the local currency, The Sunday Mail...
'Smart money' eyes BTC bull run: 5 things to know in Bitcoin this week
24.4.2023
BTC price action may have taken a serious hit last week, but not every class of Bitcoin investor is dashing to the exit
Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela
24.4.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still...
Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit
23.4.2023
There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if...
Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest $30 an Ounce a Possibility
22.4.2023
The price of silver fell 2.85% against the U.S. dollar last week. However, taking a broader perspective, the precious metal has made significant gains this year. Over the past six months, silver has risen more than 29% against the greenback, and as of April 22, 2023, it was hovering around $25.08...
Bitcoin Hovers Near $29.3K After Binance Sell Order, UK Inflation Data
19.4.2023
BTC fell as low as $29,045 earlier Wednesday. ETH dropped below $2,000 for the first time in almost a week
Gold Slides on Higher US Treasury Yields, Dollar
19.4.2023
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors...
Crypto.org team proposes burning mechanism to slow down the inflation rate
19.4.2023
Inflation for Crypto.org is recording a number of 2.5%, approximately. There are almost 26 billion CRO tokens in circulation with the ecosystem emitting around 646 million CRO tokens. A new burning mechanism by the team is now all set to lower the inflation rate to approximately 2.1%. Daily...
PancakeSwap wants to cap token inflation rate between 3% to 5% per annum
18.4.2023
"Staking Allocation to target approx. 0.35 – 1 CAKE/block instead of 6.65 CAKE/block," developers wrote
PancakeSwap Leaders Propose Cutting CAKE Token Inflation Target to 3%-5%
18.4.2023
The significant change to CAKE's tokenomics would move PancakeSwap's native token toward a deflationary model
TBD and Yellow Card to Enable Fiat On and Off-Ramp Payments in 16 African Countries via BTC
18.4.2023
TBD and the Africa-focused cryptocurrency exchange platform Yellow Card recently partnered to launch a fiat on and off-ramp that enables payments in some 16 African countries through Bitcoin rails. The objective of this arrangement is to make cross-border payments not only more affordable...
Economist and Political Scientist Refute Claims of US Dollar’s Demise Despite Trend of De-Dollarization News
17.4.2023
This year, there has been a flurry of news reports and opinion editorials discussing an alleged de-dollarization trend amid a wave of disclosures associated with the BRICS bloc. In a recent article, the American political scientist and author Ian Bremmer insisted that claims of the U.S. dollar...
Stablecoins Gain Traction as Inflationary Shield in Latin America, Europe Also Sees Growth
17.4.2023
Despite the recent bear market and the latest banking turbulence, users in Latin America and Europe continue to embrace stablecoins, but in a very different way
BTC price heading under $30K? 5 things to know in Bitcoin this week
17.4.2023
Bitcoin faces a battle for key BTC price support to start the week, while market participants stay optimistic about trend continuation
Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues
17.4.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the crypto-linked corruption probe in Venezuela...
Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023
15.4.2023
Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that...