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.

Analysis
A blockchain game adopts a play-to-earn model that lets users receive fiat for virtual property transactions.
Play-to-Earn Crypto Gamers Flip Virtual Properties for Fiat Rewards
Rachel Wolfson
2020-05-22T16:23:00+01:00
8970
Markets News
The latest words from Jerome Powell suggest that there is little need to address monetary policy to avoid another market crash.
Fed Chair Blames Coronavirus, Not ‘Usual Suspects’ for Crashed Economy
William Suberg
2020-05-14T13:20:00+01:00
2976
News
A recent play sees international fiat digital asset exchange, OKCoin, bringing top brass from Blockchain.com and Coinbase to its front office.
OKCoin Brings Two Industry Vets Onboard Amid Global Expansion
Benjamin Pirus
2020-05-09T13:00:41+01:00
5189
News
BitMEX’s CEO expects that Paul Tudor Jones will bring more big investors to the crypto market by investing in Bitcoin.
BitMEX CEO Expects Investors to Follow Paul Tudor Jones’ Move to Bitcoin
Helen Partz
2020-05-09T04:00:00+01:00
16123
News
Paul Tudor Jones, the billionaire founder of hedge fund Tudor Investment Corporation, reportedly revealed that Bitcoin is part of his portfolio.
Billionaire Paul Tudor Jones Buys Bitcoin to Hedge Against Inflation
Helen Partz
2020-05-07T22:00:00+01:00
7989
Markets News
The Federal Reserve’s Zimbabwe-esque policy sees the country’s debt mountain reach unimaginable heights, adding $1 trillion under one month.
US Debt Hits $25T — Stimulus Checks That Bought Bitcoin Now Worth $1.6K
William Suberg
2020-05-07T14:27:00+01:00
9629
Markets News
Promises of unlimited money-printing lead the world’s largest crypto asset manager to sound the alarm to investors, promoting Bitcoin as a solution.
Buy Bitcoin to Escape Fiat ‘Debasement’ Says New Grayscale Report
William Suberg
2020-05-01T09:25:00+01:00
9903
News
Since white paper’s release in June 2019, Facebook’s Libra has continued to rely on blockchain architecture, vice chair Dante Disparte says.
Blockchain, Not Crypto, Is at Core of Facebook’s Libra, Vice Chair Says
Helen Partz
2020-04-28T17:35:00+01:00
3801

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