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The U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes could very well “blow up the Treasury.” Furthermore, amid the gloomy macro trends, the chief marketing officer at Fluid Finance, Jessica Walker, says the failing economy and floundering fiat currencies reveal the true benefits of cryptocurrencies. Praetorian’s Harris Kupperman Says a Barrage of Fed Rate Hikes Could End up ‘Blowing up the Treasury’ This week Bitcoin.com News reported on a number of analysts who believe the U.S. central bank will codify another federal funds rate (FFR) rise by three-quarters of a point at the meeting in November. On October 18, the founder of the hedge fund Praetorian Capital, Harris Kupperman, published a report that claims an “av...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry is getting rapidly adopted throughout South America, with multiple nations exploring different ways to adopt it and apply it. Some have reached further stages than others, and in some places, there are isolated moves to adopt crypto in one way or another on a local level. For example, in Brazil, Rio de Janeiro just decided to publish a decree on October 11th, revealing that it will now allow its citizens to pay property tax with digital currencies . The city’s government is now seeking crypto companies that would make it possible starting in 2023. Crypto will be accepted alongside fiat currencies — meaning that crypto payments will not replace traditional money. But, the move is still important as it makes Rio the first city in Brazil to accept digital assets as an official form of payment for property taxes. So far, it is not known which coin(s) will be accepted, although i...