Tagdollar

Terrifying Global Currency Crisis Explained in 19 Tweets; Why Bitcoin Matters

Currencies, bitcoin

Something big is happening. We are at the “cliff of death” of a global currency crisis and no-one has noticed, according to macro investor Raoul Pal. Pal is famous for predicting the 2008 recession and he now believes we’ve arrived at one of the “biggest junctures for markets in history.” In a series of 19 tweets, he explains why the global FX market is so precarious right now, and why bitcoin...

Bolivar to Bitcoin Trading Surpasses a Record $1 Million per Day

Venezuela’s economic situation has been steadily declining in the past few years, bringing Venezuelans to turn to cryptocurrencies. According to VeneBloc data, the bolivar-to-bitcoin market recently reached a new record, as the equivalent of $1.009 million in bolivars were exchanged for bitcoin on April 17. VeneBloc tracks transactions made on peer-to-peer exchange LocalBitcoins on the South...

Global Economic Outlook: Japan, US Dollar

japan

With the central bank of all central banks approaching a rate lift-off, the US dollar is rearing to spring into a multi-year rally. Meanwhile, central banks in Europe, China and Japan continue devaluing their currencies in a last ditch attempt to spur inflation before the inevitable rates hike constricts global credit. Today's GEO considers economic conditions in Japan and takes a look at the US...

Global Economic Outlook: The US Dollar And Fed Rates Timing

With another Fed funds rate announcement due, today, 28 October, market uncertainty in anticipation of a rates hike "lift-off" is rising. Today's GEO looks at the implications of a rates increase for the US dollar and the dynamics the Fed's indecision to commit to a "lift-off" date. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators World...

When the Dollar Collapses, which is better Money, Gold or Bitcoin?

I'll trust that you as the reader are educated enough to know the U.S. Dollar is on it's last legs as the Global Reserve Currency. I've certainly written about the shaky financial situation of the U.S. enough, and there is no shortage of information online about the subject. The U.S. Government has started selling MRAPs to every backwoods county in the U.S. for pennies on the dollar, just because...

Coinfloor Now Trading in Dollars, Euro and Zloty

Zloty

British bitcoin trading platform Coinfloor has announced the inclusion of more fiat currencies in its array of trading instruments. In a blogpost on its website, the company said that in addition to pounds sterling, the company would be adding dollars, euro and zloty. Coinfloor also enables its clients to make deposits into fiat currency-denominated accounts. Accountholders could also take...

Top 5 Reasons why Bitcoins beat Dollars

Here I will reveal the top 5 reasons why bitcoins beat dollars, both now, and in the future. For the sake of brevity, I limited this list to the top 5, but may not be limited to these five alone. The dollar certainly has it's own inherent advantages, but it will prove fleeting in nature in the coming years, whereas bitcoin's advantages are built in to the technology, to stand the test of time...

Ecuador: The First Nation to Create its own Digital Currency

Over the weekend, CCN reported on the government of Ecuador's decision to ban Bitcoin, along with all other cryptocurrencies, via a National Assembly majority vote on July 23rd. An outright ban placed on Bitcoin by one nation, or another, has always been inevitable. What is more interesting (and unexpected), in the case of Ecuador, is its concurrent announcement of plans to create its own...

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