A lesson from hyperinflationBefore Bitcoin, di Bartolomeo’s most successful investment was shorting the Bolivar with US dollars, referring to his experience in Venezuela during the hyperinflationary 2010s. “I was borrowing Bolivars and buying dollars with them, holding the hard dollars and having a borrow [position] on the weaker currency,” he said.
Banco Industrial has more than 1,600 service locations across Guatemala and has also expanded into neighboring countries. The “key to mainstream adoption of blockchain technology is making it invisible to the end-user,” SukuPay CEO Yonathan Lapchik told Cointelegraph. With SukuPay’s technology, Banco Industrial app users can receive dollars from the US for a flat fee of $0.99, significantly lower than the typical 6% to 10% they currently pay, said Lapchik.
Pi Protocol and Spark Protocol have also developed interest-bearing tokens. Source: Austin CampbellStrategy continues to stack satsWith Bitcoin back above $100,000, Michael Saylor’s business intelligence firm, Strategy, has resumed its buying spree by acquiring 7,390 BTC last week for approximately $765 million.
The story "Crypto Biz: From shorting the Venezuelan Bolivar to shorting the US dollar" has 661 words across 29 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "Crypto Biz: From shorting the Venezuelan Bolivar to shorting the US dollar" was covered 2 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 9 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
