Day: October 29, 2021

No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’ โ€“ Economics Bitcoin News

The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the countryโ€™s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean economy, Ncube suggested his ministry is in fact focused on defending the value of the zimdollar. According to a report by the Sunday Mail, the Zimbabwean minister made these comments while speaking at a pre-budget seminar held in Victoria Falls. Since its reintroduction in 2019 when it was…

Ethereum To The Upside, Why It Could Hold Price Discovery

Ethereum is leading the charge on this fresh run towards new frontiers. As of press time, the second crypto by market cap trades at $4,432 with a 5.6% profit in the daily and 9.1% profits in the weekly chart. ETH on a rally in the daily chart. Source: ETHUSD Tradingview Up 500% Year To Date, Ethereum has rallied on the back of massive adoption of non-fungible tokens (NFTs), decentralized finances (DeFi), and institutional demand. Related Reading | TA: Ethereum Outperforms Bitcoin, Why ETH Could Rally To New ATH As seen…

Jack Dorsey Is Right About Inflation โ€“ Partly

CryptoX – Cryptocurrency Analysis and News Portal What Friedman was referring to was not these one-off price increases but inflation, which he defined as a โ€œsteady and sustained riseโ€ in the economyโ€™s general price level. This, he argued, can occur only with monetary expansion, which, all things being equal, leads to a cycle of higher prices from a larger supply of money in circulation. Original Source The post Jack Dorsey Is Right About Inflation โ€“ Partly appeared first on CryptoX. CryptoX Portal

Jack Dorsey Is Right About Inflation

What Friedman was referring to was not these one-off price increases but inflation, which he defined as a โ€œsteady and sustained riseโ€ in the economyโ€™s general price level. This, he argued, can occur only with monetary expansion, which, all things being equal, leads to a cycle of higher prices from a larger supply of money in circulation. Source

Bitcoin Price Analysis ( BTC, SOL, ETH, LINK )

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MicroStrategy CEO Michael Saylorโ€™s 17,732 BTC Holdings Now Worth $1.1B

MicroStrategy CEO Michael Saylor has personally done very well by his longtime support for bitcoin, with his own holdings of the crypto now worth more than $1 billion. On Thursday, Saylor retweeted a tweet of his from a year earlier in which he disclosed that he personally held 17,732 BTC that he purchased for an average price of just under $10,000 (at the time, those holdings would have been worth $235 million). In his retweet, he added the comment that โ€œyou do not sell your #bitcoin,โ€ implying that he still…

NYDIG Purchases UK Payments Startup Bottlepay for $300M in Stock

NYDIG is purchasing British payments startup Bottlepay for between $280 million and $300 million in stock, the company confirmed Friday. The bitcoin investment firm closed the deal earlier this week. The Block first reported the news. U.K.-based Bottlepay is a global payments firm powered by the Lightning Network. Users can make micropayments of โ€œas little as a pennyโ€ and send funds via messages on Twitter, Reddit and Discord. The company completed an 11 million euro ($15.4 million) funding round in February from investors, including Alan Howard, a British billionaire hedge…

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Facebook Steals Another Crypto Idea for Its Nonsensical Rebrand

Zuck justified those high fees by explaining that Facebook (no, Iโ€™m not going to call it โ€œMetaโ€ either, because see above) will be building up its online VR business at a loss for a while, including by subsidizing devices. This speaks to one of the other huge warning signs for Facebookโ€™s pivot. Itโ€™s already pretty clear very few people actually want to use VR, especially in the kind of persistent way that would make it a good walled-garden content store business. The Oculus VR devices at the center of Facebookโ€™s…