Crypto Biz: Hyperinflation and Bitcoin wagers, AI replacing first jobs and more
This week’s Crypto Biz explores the latest wild wager on Bitcoin prices, inflation fears and the jobs that artificial intelligence may soon replace.
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Argentina’s central bank halts cryptocurrencies from payment apps
The ban is intended to reduce Argentina's payment-system exposure to digital assets, said the monetary authority.
The average person’s wealth will be ‘completely destroyed by inflation,’ says Arthur Hayes
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
Holding Bitcoin: A profitable affair 88.5% of days
Bitcoin’s historical price performance confirms that a hard limit on total supply and seamless global usability is critical to becoming a store of value.
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market.…
Vitalik Buterin reveals 3 ‘huge’ opportunities for crypto in 2023
There's still plenty of room for innovation, according to Ethereum co-founder Vitalik Buterin.
Is Bitcoin an inflation hedge? Why BTC hasn’t faired well with peak inflation
Bitcoin’s status as an inflation hedge has come under scrutiny in the current market, but experts point toward the exceptional market conditions.
Global inflation mounts: How stablecoins are helping protect savings
More people are using stablecoins to hedge against inflation, as they offer numerous benefits.
Crypto’s correlation with mainstream finance could bring more bleeding soon
Since the start of the year, the crypto market’s performance has been considerably poorer than the S&P 500 and other popular indexes.
UK hits double-digit inflation for the first time in 40 years
At 10.1% inflation, the United Kingdom joins 2 billion people around the world suffering as price rises erode people's purchasing power.