Tuesday, November 5, 2024
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Argentina Debates Dollarization in the Midst of Rampant Devaluation and Inflation – Economics Bitcoin News

Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic devaluation of the Argentine peso and the 100%+ interannual inflation that Argentina

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Latam Countries Prepare Regional Agreement to Counter Rampant Inflation – Economics Bitcoin News

A group of countries in Latam is preparing a regional agreement to address inflation, a problem common to most nations in the region. The initiative, which is being spearheaded by Mexican president Andres Lopez Obrador, would allow the exchange of products with high prices between the states to lessen the

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Swedish central bankers snipe Bitcoin mining, cite rampant energy use

Another day, another environmental attack on proof-of-work (PoW) mining. A report shared by the Swedish central bank argued that energy-intensive Bitcoin (BTC) and cryptocurrency mining should be banned. The Swedish central bank, known as the Riksbank, is the oldest central bank in the world. In a damning report entitled, "Cryptocurrencies and their impact

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Brazil Opens A Formal Inquiry Into The Country’s Rampant Cryptocurrency Scams

Brazilian Congressman Aureo Ribeiro, author of a bill that purports to regulate the Brazilian crypto market, requested the opening of a Parliamentary Inquiry Commission (PCI) to investigate crypto-related fraud in Brazil. CryptoX got access to a document that asks for a deep investigatigation into companies like Atlas Quantum (and CEO

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