As part of an international effort to wrest power from Nicolas Maduro in Venezuela, the Bank of England has denied the nation access to gold deposits stored with the institution. Such instances highlight just why a permissionless store of value like Bitcoin is important on both the global and personal level. Several members of the…
When Square’s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the pain that inflation brings, the concept is in everyone’s mind. Every human has a front-row seat to witness the consequences of the United State’s relentless money printing. And, since the Dollar is still…
Nothing drives up demand for Bitcoin more than economic and political uncertainty. Well maybe a large dose of China initiated FOMO, but fundamentally BTC acts as a solid hedge against failing fiat and economic policy. This year has not been one to remember for a number of nations, and that has clearly been reflected in…
Bitcoin climbed past the $92,000 mark on Monday, driven by a mix of strong buying and fresh geopolitical noise. Traders watched as BTC moved toward $93,000 after brief gains in global markets, hitting roughly $92,800 in early US trading. Related Reading Geopolitical Jitters And Market Moves According to market reports, comments from US President Donald…
US Rep. Ritchie Torres said he will introduce legislation to curb what he and other lawmakers describe as possible insider trading on prediction markets, after a single, highly timed wager on Polymarket paid off when Venezuelan President Nicolas Maduro was captured. Related Reading Reports have disclosed that the bill — being called the Public Integrity…
Bitcoin solves many problems, from monetary policy mishandling to acting as the first decentralized store of wealth.But could it also be a solution to Venezuela’s sanctioned and stuck-at-sea oil problem? Rather than aimlessly floating at sea, the oil could be put to much better use.Venezuela Has Over 18 Million Barrels Of Sanctioned Oil Floating At…
A Venezuela-based company has introduced the first SMS wallet service exclusively for Dash transactions, enabling payments to be sent and received in the country without a smart phone or internet connection. Venezuela Turns to Dash Last month, Ryan Taylor, CEO of Dash Core Group, said that it was “seeing tens of thousands of wallet downloads from…
My 99-year-old grandmother is more likely to buy bitcoin than the Federal Reserve, said market analyst Alex Krüger. The economist was responding to Anthony “Pomp” Pompliano, the co-founder & partner at Morgan Creek Digital Assets, on his comments on Venezuela. Pomp cited a Bloomberg report that claimed Venezuela’s central bank is holding bitcoin and ether in…
Litecoin price surge, up 14.8 percent Venezuela approves Bitcoin and Litecoin as remittance agents Volumes explode as Litecoin (LTC) likely to close above $50 It is only through Remesas, which has the support of the Venezuelan government and under its regulators, that users can send funds using Bitcoin and Litecoin. Perhaps, this move (not trusted…
Bitcoin was designed in the wake of the 2008 global economic crisis as a way to take control over money away from central authorities such as governments, banks, and other traditional systems. The decentralized design could also prevent communist countries like China from establishing control over their citizen’s money. However, the very technology powering crypto…