inflation – Page 72

Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods

December 9, 2021

Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions. Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of Venezuela and…
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Crypto is a ‘Fantastic Hedge’ Against Bubble in Bonds – Pantera’s CEO

December 9, 2021

Investing in crypto is a “fantastic hedge” against a bond market that will get destroyed once the US Federal Reserve stops its asset purchases, Dan Morehead, CEO of the crypto investment firm Pantera Capital, wrote in a recently published note. According to Morehead, the Fed’s actions since the onset of the pandemic has fuelled…
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Ethereum Might Dethrone Bitcoin as Best Crypto Store of Value, Study Argues

December 4, 2021

A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than bitcoin. The deflationary effect that the EIP-1559 proposal has caused in the issuance of the currency is said to be the main cause of this.…
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Ethereum approaches a new ATH, but derivatives data reflects mixed emotions

December 1, 2021

Ethereum price appears en-route to a new all-time high, but data shows retail and pro investors are slightly skeptical about the current rally. Today Ether (ETH) price briefly touched $4,760, exciting investors and reminding the world that the altcoin is a mere 2.2% below the $4,870 all-time high reached 20 days ago. While the spot…
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Crypto is a hedge for 46% of Russian retail investors, survey states

November 29, 2021

Bitcoin was the most popular cryptocurrency in Russia in October, outpacing coins such as Tether and Litecoin. Almost half of retail investors in Russia believe that cryptocurrencies like Bitcoin (BTC) are a hedging asset associated with stable income, according to a new survey. Financial publication Investing.com has polled 1,000 Russian retail investors to find out…
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Ripple CEO blasts Dogecoin for ‘inflationary dynamics’

November 24, 2021

Starting in 2013 with a supply limit of 100 billion coins, Dogecoin eventually switched to an uncapped supply. The CEO of Ripple, the company behind the XRP cryptocurrency, is not a fan of the meme-based digital currency Dogecoin (DOGE). Brad Garlinghouse believes that DOGE is not good for the cryptocurrency market due to its alleged…
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After Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed

November 22, 2021

U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on the news that Powell will get a second term as the head of the central bank. Biden Chooses to Renominate Fed Chair Jerome Powell On Monday, president Joe Biden revealed that…
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Socialite and Model Alexis Ren Doesn’t Trust the Dollar Economy, Says Crypto Is a Viable Alternative

November 21, 2021

The American social media personality and model, Alexis Ren believes the fiat economy is “collapsing” and recently she told the press she thinks cryptocurrencies offer a viable alternative. In a recent interview, Ren explained her interest in crypto is fueled by the socialite’s reservations in the dollar-based economy. Alexis Ren: ‘The Economic Structure We Have…
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‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power

November 20, 2021

Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies, and used vehicles. On Friday, Harvard economist…
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Inflationary winds from around the world spell a sea change for Bitcoin

November 20, 2021

If inflation is taking a deeper hold on the global economy, could Bitcoin become less a speculative tool and more a safe haven? Is the global economy in uncharted territory now vis-a-vis Bitcoin (BTC) and inflation? During most of the cryptocurrency’s brief life, the economic environment has been generally pro-growth with stable prices but recently,…
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