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.

News
“All of your margin balance may be liquidated in the event of extreme price movement,” Binance stated.
Binance to delist EUR, GBP and AUD margin trading pairs
Helen Partz
2021-07-26T10:26:03+01:00
17975
News
In a new survey, a number of cryptocurrency and fintech professionals expected a "hyperbitcoinization" to take place by 2040.
Crypto experts see Bitcoin replacing fiat money in 20 years
Erhan Kahraman
2021-07-19T09:57:22+01:00
6323
Market Analysis
The latest meltdown in BitFinex BTC shorts could follow up with a spike in spot Bitcoin bids, stated one analyst.
Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes
Yashu Gola
2021-07-17T15:46:39+01:00
31194
News
According to the British artist, NFTs are changing the world, but not always in the get-rich-quick way many media outlets report.
Cointelegraph exclusive: Artist Damien Hirst says NFTs are like 'the invention of paper'
Turner Wright
2021-07-16T19:00:00+01:00
9650
News
Binance has reportedly been forced to suspend fiat currency withdrawals for customers in the United Kingdom once again.
Binance reportedly halts pounds sterling withdrawal for UK customers again
Osato Avan-Nomayo
2021-07-13T13:56:00+01:00
9439
News
Cryptocurrency owners are “generally more educated than the average,” according to a new study by the Bank for International Settlements.
Crypto ownership has nothing to do with distrust in fiat: BIS study
Helen Partz
2021-07-02T13:26:38+01:00
8592
News
Crypto.com and Circle's partnership enabled U.S. dollar deposits and receiving USDC for users in more than 30 countries.
Crypto.com taps Circle for global dollar deposits
Erhan Kahraman
2021-06-29T11:59:30+01:00
3094
News
Bitcoin may not cause the current monetary and financial system to go extinct, though its usage will likely vary depending on one’s location.
Bitcoin likely won’t entirely replace current financial system, Coin Center director says
Benjamin Pirus
2021-05-28T18:00:00+01:00
10238

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