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Inflation
Bitcoin Rises as US Inflation Jumps to New High of 6.8% in November After 39 Years
The U.S. Labor Department’s Consumer Price Index (CPI), closely tracked by bitcoin traders, rose 6.8% in the 12 months through November, the highest since May 1982. Bitcoin jumped 2% in the minutes after the news. "The Hash" panel explains the impact of inflation on the global economy and what it means for the crypto market.
Bitcoin Turns Lower as Fed Chair Suggests Inflation No Longer ‘Transitory’
Federal Reserve Chair Jerome Powell’s turnabout suggests the U.S. central bank might move more quickly to tighten monetary policy – potentially a negative for speculative assets including bitcoin.
Yellen Says Stablecoins Require Proper Regulations
The Treasury Secretary also said she agreed with current Financial Crimes Enforcement Network (FinCEN) guidance that crypto firms and providers that don’t custody customer funds should not be regulated.
America, Let’s Try Optimism This Thanksgiving
Inflation is certainly a cause for anxiety, but it could be seen as a price worth paying for keeping the economy going during unprecedented calamity.
Goldman Says Fed May Accelerate Tapering in January: Report
The new projection means the asset purchase program would end in March.
Bitcoin Slips to $55K as Renewed COVID Concerns Jolt Traditional Markets
The cryptocurrency appeared set for a breakout above $60,000 after Thursday’s rise, but COVID fears played spoilsport.
Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela
As they have in the Philippines, some players are making enough money to feed their families.
