Analysis
A blockchain game adopts a play-to-earn model that lets users receive fiat for virtual property transactions.
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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.
- Markets News
The latest words from Jerome Powell suggest that there is little need to address monetary policy to avoid another market crash.
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A recent play sees international fiat digital asset exchange, OKCoin, bringing top brass from Blockchain.com and Coinbase to its front office.
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BitMEX’s CEO expects that Paul Tudor Jones will bring more big investors to the crypto market by investing in Bitcoin.
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Paul Tudor Jones, the billionaire founder of hedge fund Tudor Investment Corporation, reportedly revealed that Bitcoin is part of his portfolio.
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The Federal Reserve’s Zimbabwe-esque policy sees the country’s debt mountain reach unimaginable heights, adding $1 trillion under one month.
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Promises of unlimited money-printing lead the world’s largest crypto asset manager to sound the alarm to investors, promoting Bitcoin as a solution.
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Since white paper’s release in June 2019, Facebook’s Libra has continued to rely on blockchain architecture, vice chair Dante Disparte says.
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FXCoin announced XRP remittance testing, one company began its security token initiative, and more headlined news from Japan this past week.
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Liechtenstein-based international crypto exchange Bittrex Global has rolled out credit and debit card support for 125 more countries.
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Can crypto actually take on USD’s role around the world?
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The app will enable users to convert fiat currency into BABB’s native token throughout Europe, which can be sent abroad.
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In its most recent position paper, the IFWG labeled crypto as a possible (but unlikely) threat to South Africa's monetary system.
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A new scheme proposed by two congressmen would pay every U.S. adult $2,000 for at least six months, leading to fresh warnings about fiat instability.
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John McAfee, arch libertarian, tax fugitive and staunch advocate of cryptocurrencies, is offering 101 survival tips in lieu of investment advice during the pandemic crisis.
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