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Looking for "Economy"

Showing 11-20 of 32

satoshin • Jul 10, 2023, 12:21 pm EDT

BRICS Leads Global Shift towards a New Gold-Backed Currency

According to state-run RT, the Russian government has confirmed that Brazil, Russia, India, China and South Africa (BRICS nations) will introduce a new trading currency backed by gold. “The official announcement is expected to be made during the BRICS summit in August in South Africa.” Neils Christensen for KITCO Over 41 nations have announced they will accept the new currency signaling that we are on the verge of a significant financial pivot as the countries’ potential alliance within BRICS is leading the movement towards a new gold-backed currency. Thorsten Polleit, Chief Economist at Degussa, analyzing the move, stated that a

3 minutes

arusso • Jul 7, 2023, 11:37 am EDT

Economist Saifedean Ammous Advocates for Capitalism and a Stable Money Supply in Latest Book

Internationally acclaimed economist and author Saifedean Ammous is challenging conventional economic thought with his latest book, “Principles of Economics.” Building on his prior best-selling books on bitcoin and fiat currency, Ammous makes a case for the virtues of capitalism and the importance of a stable money supply in his newest publication, offering a comprehensive look at economics through the lens of the Austrian school of thought. In a recent interview on the Coin Stories podcast, Ammous delved into the foundations of capitalism, explaining why he believes it to be not just a beneficial, but necessary economic system. He argued that

2 minutes

satoshin • Jun 29, 2023, 3:42 pm EDT

MicroStrategy Continues to Accumulate Bitcoin

MicroStrategy, a business intelligence company based in Virginia, now best known for its Bitcoin holdings, has purchased an additional 12,333 BTC for approximately $347 million, according to a statement from Michael Saylor, the company’s founder and now prominent Bitcoin evangelist, on June 27. The average price paid per Bitcoin was $28,136. This latest acquisition brings MicroStrategy’s total Bitcoin holdings to 152,333 worth over $4.5 billion based on the current Bitcoin price. Bitcoin Beginnings MicroStrategy made its first investment in Bitcoin in August 2020 and has been accumulating ever since. The company’s bet on Bitcoin has tied its balance sheet closely to the performance of the asset. In

3 minutes

jennyl • Jan 9, 2023, 3:03 pm EST

Stocks vs Crypto: Which Is Better?

Looking to invest your money and wondering whether to choose stocks or cryptocurrency? Here’s what you need to know. First, while roughly 1 in 10 people in the US invests in cryptocurrency, it’s essential to understand that the market is far more volatile than the stock market. In addition, digital currencies are young, meaning there is still uncertainty about their adoption rates, but they also come with tremendous potential for growth. Another factor to consider when choosing between the two investment types is liquidity: because the stock market is bigger, it offers more buyers and sellers at any given point. In contrast, smaller cryptocurrencies can be highly speculative and vulnerable to liquidity issues. Real-world value varies depending on individual companies’ offerings, while many cryptos provide multiple benefits beyond their value as a token. Cryptocurrency can offer solutions as fiat currency devalues due to inflation, but keep in mind that crypto markets are precarious and require caution. If you’re interested in buying BTC, ETH, or other cryptocurrencies, visit Byte Federal’s Bitcoin ATMs nationwide – we’re always adding new offerings and tokens!

10 minutes

tinam • Oct 10, 2022, 7:45 am EDT

As Hyperinflation Becomes The Norm, Argentinians Place Their Trust In Crypto

Despite a bitter crypto winter in 2022, digital asset adoption continues to take off across Central and especially South America as hyperinflation and various challenges from the COVID-19 pandemic accelerated general digital adoption.  Within South America, Brazil ranks as one of the hottest global markets for Web3 projects. In addition, Colombia’s new president, Gustavo Petro, explained in 2021 how “virtual currency is pure information and therefore energy.”  Amid massive hyperinflation and economic turmoil, Venezuelans, toiling under an oppressive government, have been turning to digital assets like Bitcoin as a fiat alternative.  Even the government itself is trying to get involved.  The nation’s government-invented ‘Petro’ (PTR) cryptocurrency

4 minutes

tinam • Apr 8, 2022, 4:39 am EDT

Jack Mallers’ Huge Announcement At Bitcoin Conference

Wouldn’t it be nice to buy things your way? Do you remember the old days of Visa commercials, “It’s everywhere you want to be?” How about, “Pay the way you want to pay?” Jack Mallers is working on that, and he has news for you. Strike CEO Jack Mallers paced around the stage, excited about an announcement he was about to make at the Bitcoin 2022 Conference. At first glance, you could tell he was excited because this young man’s mind was moving at the speed of lightning while his hands and feet wouldn’t stop moving him back and forth across

2 minutes

tinam • Mar 18, 2022, 6:04 am EDT

A Look Inside Bitcoin Mining In Texas

Bitcoin is going more green with every environmentalist protest. This has never been more evident than in places like Texas where natural gas wells have become the solution. Normally, natural gas is the problem. But now, it’s actually solving a huge one in the Bitcoin mining industry. Alice Hines of Vice visited the power-duo Brent Whitehead and Matt Lohstroh, co-founders of Giga Energy Solutions. For the second episode of Cryptoland, they walked her around the facility in Texas to show her how everything works. When you see the operation for yourself, you’ll realize why it’s so amazing. What’s The Problem In Texas? There are

2 minutes

tinam • Mar 9, 2022, 2:09 am EST

Bitcoin Offers Hope As Commodity Prices Inflate

With gas prices soaring through the roof, it’s tough to imagine when (or if) we will return to simpler times when fuel was less than $4 a gallon. But gas prices aren’t the only things going up. Prices are soaring from the grocery store to the housing market. Inflation changes everything, and the game is in pursuit. Commodities like oil, wheat, and corn were just starting to boom again. Then, what changed? The rally is on the downturn, “Soybean futures have erased their 2021 advance, sliding more than 20 percent from an eight-year high reached in May, while corn and wheat

2 minutes

tinam • Mar 2, 2022, 3:34 am EST

Invasion In Ukraine Causes Bitcoin Rise

From the start of the Russian invasion of Ukraine, the whole world watched the devastation and answered. While many civilians feel helpless in this uncertain and disheartening time, some people have found a way to lend a hand. Concerned people from all over are sending support in more ways than one. One way people are helping is by sending Bitcoin donations. Sending Bitcoin has helped to fund supplies and medicine for the Ukrainian people. These donations and likes are beneficial for the Ukrainian troops, including a beauty queen, a former millionaire boxer, and the mayor of Kyiv himself. There is even

3 minutes

tinam • Feb 23, 2022, 1:41 am EST

Frozen Bank Accounts Strengthens Case For Bitcoin

When truckers got their heads together about the COVID vaccine issue in Canada, they thought they would halt the system. Of course, trucking is one of the primary ways to transport products from point A to point B. So, their premise seemed probable. But then came the frozen bank accounts. When the Government can just reach into your assets and seize them, that creates a horrifying future. For reference, it’s totally legal to protest peacefully in Canada. So, as long as no one’s breaking any laws, protests are allowed. Yet, it has come to be expected that government authorities like the

3 minutes