Inflation

People are Flocking to Cryptocurrency due to Inflation in Their Countries
Sep 05, 2021 at 09:25
News
People are Flocking to Cryptocurrency due to Inflation in Their Countries
The cryptocurrency market is on the rise and the demand for cryptoassets is increasing globally due to the inflation that several countries, including the United States, are experiencing.
Cryptocurrency Remains a Safe Haven Amidst Global Economic Crash
Jun 07, 2021 at 10:35
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Cryptocurrency Remains a Safe Haven Amidst Global Economic Crash
The outbreak of COVID-19 has led to a significant decline in economic growth. The recent economic challenge is associated with inflation that was triggered by governments printing more money to offset the negative impacts of the pandemic. Probably, this is the reason for such striking interest in the crypto market as it is inflation-friendly.
Turkey’s Weak Fiat Currency Triggers Bitcoin Price to New High
Apr 13, 2021 at 15:32
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Turkey’s Weak Fiat Currency Triggers Bitcoin Price to New High
The inflation in Turkey is currently at about 16.2% and this is corroding the lira’s value. The Turkish citizens are now frustrated with the economic turmoil in the country and are now seeking safe haven in cryptocurrencies. Small businesses have now started to accept payment in Bitcoin, and this has pushed its price high to make a new record high of over $63,000.
Iran will Buy Foreign Cars Using Locally Mined Cryptocurrency
Sep 16, 2020 at 11:58
News
Iran will Buy Foreign Cars Using Locally Mined Cryptocurrency
Due to the hyperinflation of the local currency, Iran is planning to use locally mined cryptocurrency for car import.
Can Cryptocurrency Help a Country During a Financial Crisis?
Sep 09, 2020 at 11:28
News
Can Cryptocurrency Help a Country During a Financial Crisis?
The use of Bitcoin and other digital currencies has played a big role in the economic recession caused by Coronavirus. A lot of people, businesses and companies have stored their wealth in cryptocurrency in fear of inflation caused by the financial crisis due to the pandemic.
Goldman Sachs is Hosting a Call to Discuss Bitcoin Among Other Economic Issues
May 26, 2020 at 09:34
News
Goldman Sachs is Hosting a Call to Discuss Bitcoin Among Other Economic Issues
Goldman Sachs, the leading global investment banking management multinational firm, is set to host a client call to discuss Bitcoin, inflation, and gold on Wednesday, May 27, at 10:30 am EST according to a leaked invitation letter shared on twitter.
Cryptocurrency is the Antidote for Economic Crisis
Jan 03, 2019 at 10:32
News
Cryptocurrency is the Antidote for Economic Crisis
Many countries in the world have been going through economic turmoil in terms of high inflation and declining currency values. Some have even opted to print out more money to solve the economic crisis which in turn worsened the situation - currency devaluation. But the most opted plan was cryptocurrency, which seems to have yielded positive results to most governments.
Turkish People Tend to Store Funds in Bitcoin Rather Than the National Currency
Dec 29, 2018 at 09:44
News
Turkish People Tend to Store Funds in Bitcoin Rather Than the National Currency
Even though the cryptocurrency market is a highly volatile field, Turkish investors prefer Bitcoin over the national currency, the lira. In autumn, trading volumes in Turkey alone rose by 37%, proving that Bitcoin’s popularity was not affected by the bear crypto market trend.
Venezuela Set to Launch Petro-Pegged Fiat Currency in October
Sep 20, 2018 at 13:03
News
Venezuela Set to Launch Petro-Pegged Fiat Currency in October
Venezuela, a nation fighting one of the largest economic recessions, is ready to launch a fresh fiat currency linked to its oil-backed 'petro' virtual currency in October, according to what President Nicolas Maduro has said.
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