Hyperinflation

Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile

Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe Suspends Mobile Money Service Owned by banks, Zimswitch is the current payments …

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Bitcoin News Roundup for June 30, 2020

As Zimbabwe embarks on its fifth bout of hyperinflation in modern history, CoinDesk’s Markets Daily is back with another bitcoin news roundup. Bitcoin is still outperforming the top traditional financial assets so far in 2020 – even after a dour performance this month.  Witnesses will discuss stablecoins and tokenized dollars during Tuesday’s Senate Banking hearing …

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How Monopolies Sow the Seeds of Their Own Destruction, Feat. Tuur Demeester

Tuur Demeester of Adamant Capital joins for a conversation about what the Protestant Reformation and the French Revolution can teach us about bitcoin. Today on the Brief: A consumer spending rebound A new crypto regulatory regime in Europe A bitcoin warning from a famed investor Our main discussion with Tuur Demeester: Tuur Demeester is the …

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P2P Bitcoin Trade Volumes and Inflation in Latin America Are on the Rise

During the last two months since the March 12 crypto market rout, otherwise known as ‘Black Thursday,’ demand for cryptocurrencies seems to be on the rise in certain regions in Latin America. Various reports published this week have noted that countries like Colombia, Venezuela, Argentina, Chile, Brazil, and Mexico have seen significant bitcoin trade volumes. …

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Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions

Iranian lawmakers have reportedly approved a plan to slash four zeros from the national currency, the rial, which has been falling sharply in value amid chronic inflation and the U.S. sanctions. The official currency will also be replaced. Economists are skeptical about how the changes will affect the Iranian economy. Cutting 4 Zeros From the …

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Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown

Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation deteriorating “terrifyingly.” Lebanon’s Currency Crisis Protests erupted in Lebanon on Friday …

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