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Bitcoin is the "new world currency" Peter Thiel wanted PayPal to be But the PayPal co-founder is no bitcoin arriviste—he's had a vision for a stateless digital currency for nearly two decades. Founders Fund, the venture-capital firm co-founded by Thiel, bought $15 to $20 million worth of bitcoin last year, the Journal said yesterday, citing unidentified sources.
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Why Bitcoin Still Needs Fiat Currency (And This Won't Change in 2018) Miners do this because the unit of account for fiat currency is typically stable and liquid, such that they can pay wages to their employees, pay rent, electrical costs, property taxes, etc. There are exceptions to stability, such as planned economies of Venezuela and Zimbabwe which have suffered from ...
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CURRENCIES: Dollar Breaks 5-day Losing Run, But Analysts Remain Downbeat "The latter two factors in particular is seeing the USD lose its role as an investment currency -- and trading under new rules where an environment of rising U.S. rates no longer guarantees dollar strength," said Viraj Patel, foreign exchange strategist at ING, in a Wednesday note. Traders were also ...
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Bitcoins: is India ready for a change in currency? This has obviously triggered deliberations on the evolution of cryptocurrency as the future of digital currency. There are though, regulatory and legal issues before the Central Banks of the nations. The Indian government has not recognised them as a legal tender mainly due to economic, financial and ...
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EM FX: The importance of a currency for inflation - Rabobank With inflation in a double digit territory real interest rates are not adequately high to substantially boost lira's status of a high yielding currency." "Another factor conspiring against Governor Cetinkaya is a gradual process of monetary policy normalisation by major central banks. The Fed intends to deliver ...
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