Users and investors delight as EIP-1559 is scheduled for July, but ETH miners are less than thrilled.
Inflation as it relates to money means the devaluation of a payment vehicle amid the rising cost of goods and services. The term usually refers to fiat currencies, which can lose value when a government expands the supply of dollars in an economy. Venezuela saw its currency lose significant value in 2018 during hyperinflation — an exaggerated form of inflation. When it comes to cryptocurrencies, however, inflation works differently. Many assets, such as Bitcoin, have a maximum supply programmed into their code, which can prevent a loss of value due to added supply. Bitcoin does entail some level of inflation, as more coins are released into its circulating supply through a set and predictable mining schedule, but maximum supply sets definite limits on BTC inflation.
U.K.-based crypto firm BCB Group is looking to provide corporations with a way to put Bitcoin on their balance sheet by launching a dedicated treasury.19653
Gold should help crypto investors hedge against the risks of highly unstable prices of cryptos like Bitcoin, the CEO of Newcrest Mining said.11211
The president's refusal to budge on a $1.9 trillion COVID-19 relief bill will have knock-on effects for Bitcoin, as the money printers look set for action once more.12846
Blockchain proponents claim that agricultural asset-backed tokens would make it easier for farmers in Argentina to attract investment and access liquidity amid a nationwide economic crisis.5867
While the announcement came as a surprise to some, a digital Lira has been in the works since 201920169
Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients.5360
Mainstream news agencies are beginning to provide positive coverage of Bitcoin, acknowledging its proper significance as an asset as the US dollar nosedives.11673
Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000.64260
What price high must Bitcoin hit to account for the past three years of U.S. dollar inflation?27522
Strategic investor Lyn Alden says the 2020 macroeconomic environment is extremely favorable to Bitcoin.8176
You could easily lose up to 90% of your fiat savings to inflation alone in 100 years, but that would never happen with Bitcoin.58259
The entry of firms like Square, MicroStrategy and Stone Ridge may open the BTC floodgates and provide “confidence for the rest to follow.”24033
No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency.10593
His doom and gloom comments continue to roll in for global currencies.6632