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| Venezuela's Fiat Currency is Declining Rapidly and Bitcoin is Taking Over Years of hyperinflation of the Venezuelan bolivar has made the currency nearly unusable. Over the past 12 months, bitcoin has taken over the country as the main currency and residents have been utilizing the cryptocurrency to purchase basic goods, medicine, and other vital products. Patricia Laya, the ...
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| Bitcoin is failing as a currency The currency has always been volatile, but for a while its ceiling was around the thousand-dollar mark. Prices began to surge in the second half of this year, and TechCrunch's John Biggs believes that this new surge was entirely due to the investment community. On Dec. 10th, CBOE Global Markets ...
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| Before Bitcoin: The Rise and Fall of Flooz E-Currency Non-cash currency has been with us since the Chinese used cowry shells to sort out debt for goods and services more than 3000 years ago. In the 1960s, credit cards became an alluring alternative to saving and carrying paper bills. When online retailing exploded in the 1990s, it was only natural that ...
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| EMERGING MARKETS-Brazil currency touches 7-month low as pension vote delayed In Chile , the peso led currency gains in Latin America , closing at a two-week high as rising prices for copper supported further profit-taking after the peso touched a five-month low earlier this week. Mexico's peso, however, slipped 0.5 percent as traders remained cautious ahead of a central bank ...
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