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Money Reimagined Bitcoin price coindesk That is likely to lead to lower export prices and deflationary pressures in the global economy. China is the largest trading partner of the world's prominent economies. Deflation, a sustained decline in the general price level, occurs when the inflation rate is negative.

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Crypto Long & Short HistoryEdit CoinDesk. “California Financial Regulator Announces FTX Investigation.”

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CoinDesk. “Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source.” Hollywood’s writers are on strike. Here’s why that matters. Wrapped bitcoin (WBTC) is a token that represents bitcoin on the Ethereum network. WBTC provides a way of using bitcoin in smart contracts and makes the world’s largest cryptocurrency more accessible on decentralized exchanges (DEX). The wrapped bitcoin price tracks that of bitcoin because the two are locked in a 1:1 ratio. In essence, the protocol allows bitcoin holders to exchange their bitcoin for an equivalent number of WBTC tokens, which can be put to work on Ethereum and used to access decentralized finance (DeFi) platforms.