News
The EIB has reportedly hired banks like Goldman Sachs and Société Générale to explore a digital bond registered and settled via blockchain.
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Fiat Money News
Fiat money is an assent without intrinsic value that is established as money by government regulation. Fiat money is worth something only while the government maintains it. Monetary economists define fiat money as an intrinsically-valueless object that is widely accepted as a means of payment. Fiat money is mostly under the jurisdiction of central banks that are the issuers of new currency while also being its main regulator. Fiat money is not necessarily a physical asset. Today most of the value of fiat money is stored in digital form. The supply of fiat currency is one of the most important macroeconomic tools for monetary authorities to manage inflation, stimulate intensive economic growth, and reduce unemployment. The purchasing power of fiat money is glued to the state’s authority and any damage to that authority leads to a decrease of fiat money’s value and results in inflation.
- News
Binance founder and CEO Changpeng Zhao is placing his bets on crypto.
22871 - News
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
6139 - News
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman.
14036 - News
The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted.
6154 - News
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC.
10360 - News
Visa’s partners will be able to exchange USDC over the payment network to clear transactions made in fiat currency.
28152 - News
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs.
12293 - Markets News
The Big Sats Index reveals that a single McDonald's burger now costs less than 10,000 satoshis — cheaper than ever before.
30866 - News
The car manufacturer will reward eco-friendly drivers with a new type of Fiat currency — but it's actually all crypto.
11940 - News
The Bank of Russia hopes to complete a prototype platform for a digital ruble by the end of 2021.
11381 - Video
Kraken Bitcoin strategist Pierre Rochard debates professor of computer science Jorge Stolfi on whether Bitcoin meets the definition of a Ponzi scheme.
29497 - News
Bitcoin will become more stable and liquid when regulatory certainty is in place, Bridgewater’s director of investment research argued.
12270 - News
The RAI stablecoin will attempt to bring stability to DeFi markets with the long-term goal of becoming a stable global reserve asset not tied to any nation’s currency.
14075 - News
Russian wireless service providers MegaFon and Beeline proposed to link digital ruble wallets on smartphones to user's phone numbers.
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