SAO PAULO — Bitcoin has rapidly gained traction in emerging economies battered by the pandemic-triggered capital flight, as investors rush to shift money from their own falling currencies to the cryptocurrency In nations where purchases of hard currency are restricted, such as Argentina and Lebanon, in particular, the cryptocurrency is being […]
Bitcoin
Bitcoin halving to boost its appeal as inflation hedge
TOKYO — Bitcoin has drawn renewed interest from investors seeking inflation-resistant assets at a time when central banks are printing more money to prop up flagging economies. Supplies of the virtual currency are to be halved on Tuesday, Japan time, a feature that is built into its algorithm and occurs every four years. Now, only […]
Shanghai Disney, Sony results and Bitcoin ‘halving’
Welcome to Nikkei Asian Preview. The coming week will be full of results from some of Japan’s biggest companies, including the Big 3 banks. Results will also come from Singapore Airlines, Tencent Holdings, and China’s top chipmaker. Economies in Southeast Asia may soon show signs of life, as coronavirus measures […]