Posts in category

Fiat Money


This post was originally published here Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11. While the exchange has not specified a reason for the suspension, it states that deposits are “expected to resume …

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Tether, the altcoin backed by fiat currencies USD and EUR, has issued another 300 mln USDT tokens priced at $1 per token on Tuesday March 20, according to data from Omni Explorer. In mid-February, Tether had released 86 mln in euro-backed EURT and 61.1 mln in US dollar-based USDT on the Ethereum (ETH) Blockchain. Bitfinex’ed, …

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The Square Cash App, a mobile app formerly for sending just fiat currency that added a Bitcoin (BTC) sending option in late January 2018, has made BTC buying and selling available for Wyoming users. The app is working on adding the option for New York residents as well, currently in the process of applying for the …

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A study by Yandex, a multinational corporation for Internet services, showed that Kazakhstanis have been searching for a variety cryptocurrency-related terms in frequency and amount several times higher this year as compared to 2017, local news outlet zakon.kz reported March 2. The study shows that the increase in interest began in June of last year …

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The meteoric rise of Bitcoin’s value in 2017 was enough to bring it into mainstream consciousness – but people are clamoring to get on the Blockchain and cryptocurrency train. That has culminated in a number of weird and wonderful advertising campaigns, featuring some interesting celebrities and big businesses, all vying to promote and capitalize on …

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“Zen Master” and Hollywood actor Steven Seagal has announced that he is the new brand ambassador for Bitcoiin2Gen (B2G), a new cryptocurrency that claims to be a “superior or more advanced version of [Satoshi Nakamoto’s] Original Bitcoin”, in a tweet Feb. 20. Bitcoiin2Gen published a press release on Feb. 12 announcing that due to Seagal’s …

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Cryptocurrency mining is putting an undue amount of pressure on the electrical infrastructure of Douglas County, a small territory in Washington state, CNBC reports. Crypto miners are flocking to Washington to take advantage of the state’s cheaper electrical costs, creating a need for more data infrastructure to keep up with the higher energy demand. The …

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The National Bank of Ukraine (NBU) has said it is “considering” introducing a digital version of its national currency, the hryvnia, that is not based on Blockchain, at least for now. The central bank reported in a Facebook post Thursday Jan. 11 that it is studying “new and innovative technologies” as part of the country’s …

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Cryptocurrency markets are on the up today, Jan. 12, with almost all of the top 20 coins on CoinMarketCap in the green, and the highest gain reaching almost 37 percent at press time. The market had been in the red as recently as Jan. 11, with almost $100 bln in losses in total market capitalization …

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The North American Bitcoin Conference has stopped accepting cryptocurrency payments for ticket purchases due to “network congestion.” A notice on the official website of the annual event, which will be held Jan. 18 and 19 in Miami, also cited “manual processing” of cryptocurrency payments as part of why the event’s organizers decided to accept fiat …

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According to Stefan Molyneux, a highly regarded Canadian podcast host, it is more important to recognize the free fall of fiat currencies, more so than to acknowledge the exponential growth rate of Bitcoin. Molyneux says: “It’s not so much that Bitcoin is going through the roof – it’s that fiat currencies are in free fall, …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A top Deutsche Bank strategist speculates that we may be looking at the “start of the end of fiat money”. Bitcoin was originally developed as a peer-to-peer electronic cash system that would free its users from the bondage of state-controlled currency and …

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Deutsche Bank lead strategist Jim Reid claimed that the current fiat-based currency system is unstable and nearing its end. He claimed that the system was only able to advance to its current state due to the disinflationary shock it experienced in the 1980s. In his recent report, Reid claimed that the fiat system is now …

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Interest is a subject with a very chequered history that today works hand-in-hand with inflation to control the world’s major economies. The story of interest is as old as that of money, but recently digital currencies have begun to add a major wrinkle. Once humans had invented currency to facilitate trade it became a common …

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