Venezuela Bitcoin Trading Record Underscores Fiat Currency Hyperinflation

Venezuela transacted more hyperinflated bolivars for bitcoins than ever before last week — but actual Bitcoin (BTC) volumes still decreased.  Hyperinflation Bites Bitcoin Traders Data from monitoring resource Coin.Dance — which tracks trading volumes on P2P platforms Localbitcoins, Paxful, and Bisq — shows total volumes in Venezuela on Localbitcoins reached 35.9 billion sovereign bolivars (VES) […]

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IMF: Crypto Growth ‘Could Create Vulnerabilities’ In Economy

The International Monetary Fund (IMF) briefly cautioned on the impact of cryptocurrency as part of a new report on global finances. Report Highlights ‘Sources Of Risk’ The body’s World Economic Outlook, highlighting “challenges to steady growth” going forward, suggested a relationship between cryptocurrency usage and the economy becoming more “vulnerable.” “Cybersecurity breaches and cyberattacks on […]

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