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Inflation
Why an Argentinian Town Is Investing in Crypto Mining
The Argentinian town of Sorradino is preparing to buy a mining rig with Mayor Juan Pio Drovetta explaining that this is a community-supported initiative, and profits will be allocated to upgrade rail infrastructure. “The Hash” group discusses the global economic impact of inflation and how communities are finding alternative ways to raise needed funds.
Bitcoin Jumps Above $41K, Rising With Nasdaq, S&P
The largest cryptocurrency whipsaws around the $40,000 level as markets digest elevated U.S. inflation readings.
Medley Global Advisors Exec on BTC Price Outlook As CPI Jumps 8.5% in March
Medley Global Advisors’ Ben Emons discusses BTC price action as the Consumer Price Index (CPI) reaches a 40-year high of 8.5%. Emons explains bitcoin’s connection to inflation and the idea of “digital inflation,” noting the economic impact of rising gas prices.
Bitcoin Held by Funds Drops Over $240M Ahead of CPI Release
A ByteTree Chart shows the number of coins held by U.S. and Canadian closed-ended funds, and Canadian and European ETFs have dropped by almost 5,800 BTC, worth $243 million, ahead of the CPI release.
Bitcoin and Today’s Wicked Inflation Share a Common Ancestor
In 2010, heterodox Fed member Thomas Hoenig spoke out against the central bank's experimental monetary policy.
Inflation Reaches 40-Year High of 8.5%, Can Crypto Help?
The inflation rate in the U.S. have yet again reached a 40-year high of 8.5% amid geopolitical uncertainty. “The Hash” group discusses whether or not bitcoin can be used as an inflation hedge and its steady price action following the Consumer Price Index (CPI) announcement.
Indian Taxes Hit Trading; Bored Apes Movie Debut
India tax breaks crypto’s back. Crypto follows broader market down as pandemic and inflation concerns persist. Bored Apes get animated in partnership with Coinbase. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
US Inflation Surges to New 40-Year High, What That Means for Crypto
GSR Markets’ Benoit Bosc discusses the current state of the crypto markets as the U.S. Consumer Price Index (CPI) rose to 8.5%, hitting a new 40-year high. Meanwhile, bitcoin and other digital assets are trading down.