Fiat Money Financial News

12.03 / 08:47

Stablecoin Adoption Binance Altcoin Banks Fiat Money Backed Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ

The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market — causing losses in the millions, damaging investor sentiment and intensifying the regulatory spotlight over cryptocurrencies. However, the recent depegging of Circle’s USD Coin (USDC) led Binance CEO Changpeng ‘CZ’ Zhao to believe that traditional banks are a risk to stablecoins that are usually pegged 1:1 with fiat currencies, like the US dollar.

10.03 / 23:11

Law regulation Fiat Money South Dakota gov vetoes bill excluding crypto from definition of 'money'

Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of money to exclude cryptocurrencies.

06.03 / 17:15

Adoption Bitcoin Regulation IMF Fiat Money Bitcoin Bitcoin Price Is the IMF shutting the door prematurely on Bitcoin as legal tender?

There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador and the Central African Republic (CAR), which have already done so — declare Bitcoin (BTC) an official national currency?

06.03 / 17:15

business regulation Fiat Money Naira redesign no more: President’s directive canned by Nigerian supreme court

The supreme court of Nigeria has ruled that the old N200, N500, and N1,000 naira notes remain in circulation till Dec. 31, 2023, effectively nullifying the naira redesign previously announced by Nigerian President Muhammadu Buhari. The introduction of redesign sought to phase out the use of the old naira notes.

05.03 / 14:11

Adoption regulation Fiat Money P2P Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges

Ukraine temporarily suspended the use of its national currency, the hryvnia, via banking cards for fiat deposits and withdrawals on crypto exchanges. While the move immediately impacted how investors move funds to and from exchanges, Binance reminded users about how peer-to-peer (P2P) services come in handy when trading cryptocurrencies.

20.02 / 15:40

Adoption defi Research Fiat Money Crypto transaction success rate hinges on user location: Report

The crypto community continually seeks ways to bridge the gap between traditional finance and fiat currencies with decentralized finance (DeFi) tools. Crypto on-ramp platforms are a primary way users can cross between these two financial ecosystems.

03.02 / 12:11

Decentralization community Fiat Money Bitcoin Community Bitcoin NOT Ray Dalio says Bitcoin is not the answer, the community responds

While billionaire Ray Dalio believes that fiat is in jeopardy, he also thinks that neither Bitcoin (BTC) nor stablecoins are the answer. In response, crypto community members took to Twitter to express their opinion on the topic.

26.01 / 16:41

Technology Central Bank Fiat Money Bitcoin Community Bitcoin end ChatGPT learns Bitcoin will end central banking and fiat currency

ChatGPT is a powerful new AI tool, capable of problem-solving, advanced coding, answering complicated questions and now–spelling out the end of fiat currencies.

01.01 / 16:13

inflation Upgrade Fiat Money Bitcoin Rewind 2022: A crypto roundup of the year and stepping into 2023

Stepping into the year 2023, it's time to pause and reflect on the accomplishments and struggles the global crypto community witnessed over the last 365 days. Starting from the very beginning of 2022, no investment strategy could help recover the falling portfolios across traditional and crypto ecosystems. January 2022 inherited a slightly collapsing market, wherein investments made on 2021 all-time high prices resulted in immediate losses.

02.11 / 17:41

Adoption Africa Fiat Money We need to move a lot faster on Global South Bitcoin adoption — Paxful CEO

Cointelegraph hit the gym with Ray Youssef, co-founder and CEO of Paxful, to tackle Bitcoin adoption in the Global South. In between sets and a little out of breath, Youssef told Cointelegraph, “The Global South is where we should be looking” for Bitcoin (BTC) adoption.

03.08 / 13:25

Adoption Fiat Money Bitcoin Future Inflation punishes the prudent while Bitcoin gives future hope — Jordan Peterson

The ability to save up is an essential tool for self-regulation and planning for the future, but when inflation becomes uncontrollable, those who put in their efforts to delay gratification get punished for their choice. On the other hand, Bitcoin (BTC) does the opposite, according to clinical psychologist Jordan Peterson.

19.05 / 20:33

business Stablecoin Tether Fiat Money Holdings reports Tether reports 17% decrease in commercial paper holdings over Q1 2022

USDT Stablecoin issuer Tether has reported it cut its reserves allocation to commercial paper investments and increased that of United States treasury bills over the first quarter of 2022.

26.11 / 20:23

cryptocurrency in india Reserve Bank of India Fiat Money Crypto-focused funds rejig strategy amid talk of trading ban

Mumbai: A few blockchain and crypto-focused funds are rethinking their investment strategy amid speculation that trading in virtual currencies would be banned. They are planning for contingencies to ensure they do not face a situation like in 2018 when the Reserve Bank of India cut banking access for the crypto and blockchain community. Though the broader crypto community feels a ban is unlikely, some funds are erring on the side of caution.

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