Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets.
Fiat Money News
Although the crypto space commonly uses the term, many folks may still wonder, “What is fiat money?” The fiat definition is fairly straightforward: Fiat money, also called fiat currency, refers to currencies put out by governing bodies and central banks. Fiat money examples include the U.S. dollar, the Chinese yuan and the Mexican peso. Governments control fiat, meaning it is a centralized form of money tied to the borders of each respective country, for the most part.
Different in its design and control, Bitcoin (BTC) is not a fiat currency. Bitcoin is borderless and decentralized, and governments neither issue nor control it. In general, cryptocurrencies are not fiat currencies, although some stablecoin assets represent certain fiat currencies in digital form.
Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation's economy.7130
“All of your margin balance may be liquidated in the event of extreme price movement,” Binance stated.21976
In a new survey, a number of cryptocurrency and fintech professionals expected a "hyperbitcoinization" to take place by 2040.6376
The latest meltdown in BitFinex BTC shorts could follow up with a spike in spot Bitcoin bids, stated one analyst.31278
According to the British artist, NFTs are changing the world, but not always in the get-rich-quick way many media outlets report.9751
Binance has reportedly been forced to suspend fiat currency withdrawals for customers in the United Kingdom once again.9686
Cryptocurrency owners are “generally more educated than the average,” according to a new study by the Bank for International Settlements.8618
Crypto.com and Circle's partnership enabled U.S. dollar deposits and receiving USDC for users in more than 30 countries.3111
Bitcoin may not cause the current monetary and financial system to go extinct, though its usage will likely vary depending on one’s location.10240
After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency.13906
Massive volatility on crypto markets has been always associated with an uptick on stablecoin markets, a Tether exec noted.13876
While CBDCs could help central banks address the decline in cash payments, some risk factors remain.9460
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year.38816
The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention.10653