Balaji Srinivasan, a venture capitalist and former CTO of Coinbase, claimed that the US economy would enter a phase of hyperinflation in 90 days, catapulting BTC to $ 1 million. Balaji, whose crypto venture Earn.com was acquired by Coinbase in 2019, also offered to pay $1 million in BTC to the best 1,000 tweets that...Read More
Numerous Palestinians in the blockaded enclave of Gaza have lost their lives due to the Israeli-Palestinian conflict, while others are on the edge of survival. The total destruction of the area has also negatively affected the local financial network. Trying to preserve their wealth and monetary independence from Israel, an increasing number of Gazans have...Read More
The hyperinflation, the collapse of the local banking system, and the significant depreciation of the currency prompted numerous Lebanese residents to embrace cryptocurrencies, including stablecoins. Some locals have also focused on bitcoin mining since they can use cheap hydropower from rivers and generate “fresh dollars.” What Triggered the Collapse? Lebanon, considered one of the most...Read More
Australia’s inflation hit 7.3%, which is the highest rate in 32 years. Considering the soaring prices of real estate and gas, analysts expect this figure to surge even more before the year’s end. To preserve their wealth during these turbulent times, locals have displayed increased interest in alternative financial assets, including cryptocurrencies. The Aussie government...Read More
Some of the tech-savvy youngsters in Lebanon have reportedly shifted their focus toward cryptocurrencies amid the current monetary crash Earlier this week, the government closed all local banks due to ongoing risks for employees and customers. It remains unknown when the financial institutions will re-open, which might be one reason why locals started looking for...Read More
The recent bearish trend of the crypto market has brought with it an unprecedented wave of unemployment in the crypto industry, causing financial regulators to step up and absorb as many of those out of work as possible. On June 14, The Financial Industry Regulatory Authority (FINRA) of the United States announced plans to increase...Read More
According to The Financial Stability Board, the growing appetite of large institutions and VC firms for cryptocurrency exposure could prove counterproductive not only for said financial giants but for the entire world. The watchdog called for exercising greater control over operations that involve significant money investments to avoid a potential financial crisis on a global...Read More
Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic. With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin. Lebanon: How...Read More
The University of Sussex recently published a paper regarding the performance of Bitcoin and gold during the COVID-19 pandemic. The research team behind the project believes that both assets failed to serve as safe-havens, primarily because of significant market manipulations. Bitcoin And Gold Failed In The 2020 Crisis? The sudden outbreak of the COVID-19 pandemic...Read More
The large American multinational investment bank Goldman Sachs will host a conference call regarding Bitcoin, gold, and inflation. While precise information on the call’s content is limited, the massive bank appears to be the latest Wall Street-based entity to acknowledge the primary cryptocurrency. Goldman Sachs To Talk About Bitcoin According to the invitation, the event...Read More
Jeff Berwick is an entrepreneur with a lot to say these days and he’s released a number of videos discussing the coronavirus pandemic and the government-induced lockdowns. Berwick is the founder of The Dollar Vigilante, an anarcho-capitalist media outlet focusing on gold, silver, mining stocks, cryptocurrencies, and offshore banking. News.Bitcoin.com chatted with Berwick this week...Read More
Minneapolis Federal Reserve President Neel Kashkari wrote Thursday that banks should cancel dividends and sell shares to raise cash. Kashkari said these measures would be necessary to create a cash buffer going into a potentially drawn-out recession. Because should the banks fail to have enough cash on hand, a wave of defaults could trigger a...Read More
