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Economics Gazette

Economy and Business news

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April 22, 2018

Currencies

bitcoin cash

Analysts expect significant increase in the value of Bitcoin Cash

Analysts expect significant increase in the value of Bitcoin Cash and a decline in the Ether, according to report titled “CryptoLoulutes: Past, Present and Future”. In the analysis, the experts used historical data and algorithm to predict that Bitcoin Cash could reach 2,000 USD by May 2018, which reporesents an increase of 130%. The survey

Venezuela

Venezuela denominate its currency to cope with heavy inflation

The Venezuelan President Nicholas Maduro announced plans for denomination of the national currency to cope with heavy inflation. The plans include removing of the three zeros from the value of Venezuelan bolĂ­var. The measure will come into force in early June, attempting to ease the inflation pressure over the country and the payments. Venezuela suffers

Carney

Mark Carney called for regulations on cryptocurrencies

The Governor of the Bank of England Mark Carney called for tougher regulations on digital currencies to put an end to their “anarchy”. According to him, it is now time “the environment of cryptocurrencies to be subjected to the same standards as the rest of the financial system”. Mark Carney also said that cryptocurrencies currently

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