Markets News
Bitcoin hodlers could not ask for more, says Tone Vays as the U.K. central bank looks for protection against Brexit and coronavirus fallout.
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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
Robert Kiyosaki calls the United States “bankrupt” as national debt bears $27 trillion, listing Bitcoin among the three “best” long-term investments.
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The digital renminbi is legally compensatory to China’s fiat currency.
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BNB seems to have failed to meet certain standards on Binance's Uganda platform.
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The digital yuan will not unseat the U.S. dollar — at least not right away.
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Gold and Bitcoin as safe havens may be about to outperform stocks, a Bloomberg strategist says.
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Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows.
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Foreign investors still doubt the PBoC's policies when it comes to the RMB exchange rate.
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The first regulated stablecoin in Switzerland is entering e-commerce.
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Bybit has also added support for the Vietnamese language on its platform.
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An analyst warns that there is now “just too much money to spend” as the wild money printing regime of central banks fuels Bitcoin’s strength.
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China’s central bank released a new statement to debunk some rumors.
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Robert Kiyosaki says there is no longer any time to “think about” buying safe havens like Bitcoin as dollar weakness continues worsening.
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The price of Bitcoin has surged by 50% to 128% against global currencies since early 2020 and analysts believe the trend could continue.
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Data from the crypto giant suggests the most popular stablecoin holds major implications for the future of Bitcoin.
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