Rising jobless claims in the U.S. sparked sell-offs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.
Hyperinflation News
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Data on Friday showed core personal consumption expenditure in the US surged to 3.42% year-over-year for the first time since 1991.
14668Analysts anticipate Bitcoin to continue its recovery rally above $40,000 on bets of increasing anti-inflation, but a looming death cross could spoil the upside outlook.
20727Mercado Libre’s move to accept cryptocurrency payments for real estate could usher in a new way of crypto mass adoption in South America.
22623Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high.
36307Ricardo Salinas Pliego breaks down his Bitcoin investment thesis.
49314Strategic investor Lyn Alden says the 2020 macroeconomic environment is extremely favorable to Bitcoin.
8334Iran is set to redenominate its fiat currency, removing four zeros to create a new fiat called toman as demand for crypto is surging.
62066Tesla founder Elon Musk recently discussed current difficulties amid massive United States money printing efforts, but failed to mention Bitcoin's inflation-proof model.
12012Iran’s parliament votes to institute a new currency as coronavirus and sanctions hyperinflate the rial and local Bitcoin prices skyrocket relative to official exchanges.
13096Colombian startup Valiu has launched its ‘cryptodollar’ — Bitcoin-backed synthetic USD that Venezuelans can use for payments and remittances.
7947Venezuela announces oil-backed cryptocurrency called the ‘Petro’ following massive Bitcoin adoption, devaluation of the Bolivar.
36558Zimbabwe, facing massive hyperinflation turns to Bitcoin - prices soar on local exchanges.
25050Bitcoin accomplishes what central bankers cannot: a stable and powerful economic system. It’s no wonder they hate digital currency.
25431Hyperinflation and virtually free electricity in Venezuela has led to an increase in Bitcoin mining operations.
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