Tag: inflation

A New Bitcoin World

Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation

Venezuela Issues 50,000 Bolivar Bill Amid Persistent HyperinflationVenezuelans 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 the illness of all previous emissions – rapid depreciation. The government […]

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June 14, 2019 0

Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin Cash

Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin CashFor 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 to provide food for their families and services to their communities. Many […]

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June 6, 2019 0

Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash

Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin CashVenezuela 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 businesses that have decided to accept cryptocurrencies. Bitcoin cash (BCH) is now among […]

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June 2, 2019 0

Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’

Venezuela President Raises Petro's Value Again in Move to Create 'New System'For the second time in a little over a month, Venezuela’s president Nicolas Maduro has hiked up the value of the national cryptocurrency, the petro, this time to 36,000 sovereign bolivars. The move has again been met with criticism.  Also read: Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It ‘A New Monetary System’ […]

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January 16, 2019 0

Venezuelans Remain Skeptical After President Maduro Raises Petro’s Value

Venezuela Orders Government Services to Accept Any CryptocurrencyVenezuelan President Nicolas Maduro’s move to increase the price of the petro, the country’s oil-backed cryptocurrency, has sparked intense debate. Experts and tech-savvy Venezuelans alike are less than enthusiastic about the decision. Also read: Maduro Orders Price of Venezuela’s ‘Cryptocurrency’ to More Than Double Venezuelans Unimpressed by Proclamation Venezuelans blasted Maduro and his new cryptocurrency after […]

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December 6, 2018 0

Bitcoin Hits $24,000 In Iran After Government Okays Mining

Bitcoin Hits $24,000 In Iran After Government Okays MiningThe world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards. How high can it go? Also Read: Iran Officially Recognizes Cryptocurrency Mining Falling Rial, New Policy […]

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September 6, 2018 0

Goldman Sachs Recognizes Bitcoin’s Future Potential

Goldman Sachs Recognizes Bitcoin's Future PotentialFirst, Jamie Dimon of JP Morgan Chase says he regrets calling bitcoin a fraud. Now, legacy bank Goldman Sachs is formally recognizing how cryptocurrencies such as bitcoin could act as global money. 2018 might be shaping up to be the year bitcoin gets more mainstream than ever. Also read: Huge Bitcoin Conference Stops Accepting Bitcoin […]

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January 11, 2018 0

Bitcoin Touches a Milestone Price of $9K Across Global Exchanges

Bitcoin Touches a Milestone Price of $9K Across Global ExchangesThe price of bitcoin has crossed the $9,000 USD zone across global exchanges on November 26, 2017, at approximately 10:40 am EDT. Earlier this year, bitcoin’s meteoric price rise had crushed those who believed it would tank when it passed $2K, and has continued to exceed some of the more modest expectations. See also: New Trading […]

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November 26, 2017 0

Bitcoin as an Unstoppable Force: Hyperbitcoinization Theory and Practice

Bitcoin as an Unstoppable Force: Hyperbitcoinization Theory and PracticeOne of the earliest references to hyperbitcoinization (H-theory) derives from the Satoshi Nakamoto Institute. It describes a world waiting for bitcoin in the borderless, peer-to-peer sense. Especially true for emerging economies prone to inflation, hyperbitcoinization is an adoption theory with radical implications. Until recently, it was only a theory.   Also read: Bitcoin Hits $13,500 in Zimbabwe […]

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November 16, 2017 0

New Bitcoin.com Charts: The Bitcoin Ecosystem at a Glance

Bitcoin.com Charts: The Bitcoin Ecosystem at a GlanceAt Bitcoin.com we’re very passionate about the decentralized economy and everything tethered to the evolving Bitcoin ecosystem. In order to provide more Bitcoin resources, we’ve just added a new chart and data analysis section to our web portal called charts.Bitcoin.com. The charts section is aimed to give both veterans and new enthusiasts a glance at […]

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August 27, 2017 0