Category: Economics

A New Bitcoin World

Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the Dollar

Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the DollarThe Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours after applying this measure, the bolivar lost more than 20% of its […]


October 4, 2021 0

Venezuelan Programmer Who Created the Petro Token Regrets Participating in the Project — Works on an Alternative Token

Venezuelan Programmer Who Created Petro Regrets on Having Participated in the Project — Works on an Alternative TokenVenezuela’s government-backed cryptocurrency is not having the acceptance its cabinet expected, as the latest reports suggest. The petro’s creator, who now lives in exile, wants to build another crypto that gets the adoption its original creation did not in the nation. Jiménez Believed the Petro Could Have Given Venezuelans a ‘Measure of Freedom’ Per a […]


April 29, 2021 0

Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates

Mario Draghi Leaves ECB Without Ever Raising Interest RatesPreparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At the subsequent press […]

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October 24, 2019 0

Bitcoin and Voluntaryism – Where Libertarian Philosophy Meets Crypto

Bitcoin and Voluntaryism - Where Libertarian Philosophy Meets CryptoFor the uninitiated, voluntaryism is a philosophy based on consent. In the simplest terms it says: “If it’s not voluntary, it’s not moral.” This basic statement is often countered with “Yes, but not everyone agrees on that, some people use violence to get what they want.” This is 100% true. And this is why voluntaryists […]

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July 18, 2019 0

Latin America and Turkey Have the Most Cryptocurrency Users, Poll Shows

Latin America and Turkey With the Most Crypto Users in 2019, Poll ShowsCryptocurrency usage has been expanding globally and a new survey confirms that trend. The poll conducted by Statista shows that the citizens of troubled countries tend to exploit the benefits of decentralized digital money far more readily than the citizens of thriving nations. Also read: VPN Providers Defy Order to Connect to Russia’s Internet Censor […]

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June 18, 2019 0

Venezuelan Explains How Bitcoin Saves His Family

Venezuelan Explains How Bitcoin Saves His FamilyAs the situation in Venezuela intensifies, a local bitcoin user details how he and his family use the cryptocurrency to survive the country’s ongoing crisis. Keeping all of his money in bitcoin, he only exchanges small amounts into the hyperinflating bolivar when necessary. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval […]

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February 25, 2019 0

Why a Global Recession Would Be Good for Bitcoin

Macro trends suggest that a global economic crisis could be looming. Worries about a global recession have been fed by the newly published GDP report showing that China grew at its slowest rate last year since 1990. If a global recession were to happen in the future, many believe that cryptocurrencies, bitcoin primarily, would benefit. […]

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January 24, 2019 0

Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It

Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According to Russian media, Moscow has recently offered Caracas a set of measures aimed at mending the country’s economy but the petro is not among the […]

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January 13, 2019 0

Bitcoin Isn’t Volatile – the World Is

Bitcoin Isn’t Volatile – the World IsIt’s been a horrible year for cryptocurrency. Assets down an average of 90 percent, constant despair and each new day bringing fresh horror. Who’d want to be a bitcoin trader? But when you zoom out beyond the cryptosphere to gain some perspective, it turns out that crypto’s not doing so badly after all. With trillions […]

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November 21, 2018 0

Major Venezuelan Department Store Chain Accepts Cryptocurrency

The people of Venezuela have been forced to cope with an increasingly difficult economic situation in recent years. This has led to a loss of trust in government-issued fiat by the population in a way that many believe exemplifies the need for cryptocurrency. This may account for why a major Venezuelan department store chain accepts […]

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November 18, 2018 0