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Economics Gazette

Economy and Business news

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August 15, 2018

Currencies

Bitcoin cash

Bitcoin Cash rose by 80% in a week

Bitcoin Cash appreciated significantly in the past week and rose by 17% on Monday. Thus, in the last seven days, the rise in its price has reached 80%. The main driver of the upward price movements is the forthcoming splitting of the currency into two. The process called “fork” represents a major deviation in the

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

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