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June 12, 2022

THE DOLLAR HAS BEEN INFLATING AGAINST BITCOIN SINCE 2011

THE DOLLAR HAS BEEN INFLATING AGAINST BITCOIN SINCE 2011

On a zoomed-out scale, the U.S. dollar has been rapidly inflating against bitcoin since the time one bitcoin reached parity with one dollar in 2011. It is my fervent wish that hyperinflation never reaches our shores. The probability that we will avoid that outcome is extremely slim. Put another way, our chances of experiencing hyperinflation […]

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PayPal’s Move to Allow Crypto Transfers to External Wallets the First Step Away From Fiat World, CEO Says

PayPal’s Move to Allow Crypto Transfers to External Wallets the First Step Away From Fiat World, CEO Says

The payment services giant will allow users to turn crypto into fiat for use at any one of 35 million merchant accounts. AUSTIN, Texas –— PayPal’s (PYPL) move this week to allow customers to transfer crypto out of PayPal’s cryptocurrency walled garden to external wallets is the opening step from a fiat-orientated world to a digital currency

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Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% loss

Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% loss

Bitcoin threatens its lowest weekly close since late 2020 as low weekend liquidity exacerbates existing weakness. Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst likens risk asset ‘pump’ to 1929 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of

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Meme Token King Dogecoin Lost 91% in Value Since Last Year’s High, DOGE Mining Revenue Plummets

Meme Token King Dogecoin Lost 91% in Value Since Last Year’s High, DOGE Mining Revenue Plummets

After a prominent rise last year, 2022 has not been too kind to the top meme coin asset dogecoin. Currently, the father of the meme coin economy, dogecoin, has lost 91% in value since the crypto asset’s all-time high. Despite the drop, dogecoin is still a top ten contender among the largest crypto market valuations

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European Union Close in Agreeing on Crypto Regulations – Bloomberg

European Union Close in Agreeing on Crypto Regulations – Bloomberg

As the clamor for crypto regulations has continued to intensify, the European Union (EU) is close to agreeing on a comprehensive regulation that will govern the nascent digital currency ecosystem. The news was broken by Bloomberg claiming to draw inference from sources familiar with the discussions between the 27 member states. Per the Bloomberg report,

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The world will face ‘a severe food crisis and famine,’ Zelenskyy says

The world will face ‘a severe food crisis and famine,’ Zelenskyy says

KEY POINTS Ukraine President Volodymyr Zelenskyy warned that the world will face a “severe food crisis,” with Russia’s war on his country dragging on, as he virtually addressed the Shangri-La Dialogue in Singapore on Saturday. Zelenskyy told delegates that his country was unable to export enough food because of Russia’s blockade at Black Sea ports, which

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