The new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC.
Fiat Money News
Fiat money is government-issued currency that holds value because it is recognized as legal tender, not backed by a physical commodity like gold or silver. Fiat money, a cornerstone of modern economies, has a rich history.
Originating from ancient practices of promissory notes, it gained prominence in the 20th century when nations shifted from commodity-backed currencies to government-issued paper money. With the advent of digital technology, fiat money underwent a significant evolution, transitioning from physical cash to digital transactions. The rise of online banking, debit/credit cards and digital payment platforms streamlined financial transactions, making them more accessible and efficient.
In recent years, central banks globally have explored the concept of central bank digital currencies (CBDCs) as the next phase of fiat money evolution. It is important to note that Bitcoin is not fiat money, but CBDCs (when implemented) will be. CBDCs refer to digital versions of national currencies directly issued and regulated by central authorities.
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5,000 BTC used to get you a pizza — now it’s worth more than some countries.
17222Bitcoin has passed a new all-time high against the euro, breaking a value of 60,000 euros for the first time in history.
14553The new BTC ATH against several fiat currencies shows their declining market value due to rising inflation.
9925Bitcoin users in the United Kingdom are increasingly close to record BTC price territory, while Japan and Turkey enter price discovery.
3998A new one-minute spot from Coinbase features an animated former U.S. President Abraham Lincoln on a penny pleading to be converted into digital form.
13509A detailed report on money laundering in the United States highlights that cash remains king for criminals looking to launder illicit funds.
2248A new children’s book aims to explain the concept of Bitcoin as the next evolution in the history of money.
1685President Javier Milei believes that the market will ultimately decide on the value of the projects.
4551Coinbase integrated Yellow Card’s payment rails, enabling Coinbase customers in Africa to more easily on and off-ramp between fiat and crypto, including USD Coin.
4764Addressing the flaws of traditional money can help humanity build a more prosperous future by reducing inequality, according to pioneer cryptographer David Chaum.
1276In Europe, the environmental footprint of banknotes is minuscule compared to crypto’s, but crypto has its own advantages.
30681The crypto-fiat payment services provider Alchemy Pay is expanding its presence in the U.S. after acquiring a money services license in the state of Iowa.
35241The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.
7438Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector.
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