Category: Fiat

‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

'Zimdollar' Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency FloundersP2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country. Finance minister Mthuli Ncube sees the […]

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What Are Dollars Used for, President Trump? – The Gun Money Known as USD

What Are US Dollars Used For, President Trump? - The Gun Money Known as USDDonald Trump has taken to Twitter yet again, and this time he’s talking about bitcoin and the superiority of the United States dollar. Bashing lack of regulation and potential for criminal activity inherent to crypto, Trump claims the U.S. fiat will always be the strongest currency in the world. As empirical evidence goes, however, it’s […]

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Facebook Is a Threat to Governments Not Crypto

The moment Facebook released the whitepaper for its planned Libra coin, social media was flooded with claims about Zuckerberg’s new drive to take over the cryptocurrency market, with some even calling it a Bitcoin killer. However, looking at the actual details of the plan, it has little to do with cryptocurrency and is in fact […]

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PR: Monarch Wallet Updates Bring SLP Support

Monarch Wallet Updates Bring SLP SupportMonarch Blockchain Corporation has updated the Monarch Wallet for Android & iOS with a new user interface, full transaction history support for all tokens, SLP token support, SLP Faucet where users can receive free SLP tokens and their Universal KYC Has Also Been Launched!

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Choose Where to Buy Cryptocurrencies Using Exchangify

Choose Where to Buy Cryptocurrencies Using ExchangifyPurchasing cryptocurrencies often involves using the services of a digital asset exchange. Such trading platforms typically differ in terms of features, listed coins and supported fiat currencies. Exchangify.io is a website that can help you find the best option in your region. Also read: Cryptocurrencyalerting.com Will Notify You of Price Movements Website Selects Exchanges According […]

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PR: Blucon Launches BCH Transportation Card

Blucon Launches BCH Transportation CardBlucon is excited to announce the launch of their transportation card that supports BCH. The system will work by integrating the EXO-Platform, to allow the instant conversion of cryptocurrency into spendable cash. Blucon has leveraged on its existing business relationships between cryptocurrency exchanges and legacy banking institutions to launch this product. Excitement is also building, as Blucon’s listing on Digifinex which is set for the 27th of May is fast approaching.

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Celsius Wallet App Offers Interest and Loans for Your Cryptocurrency

Wallet App Offers Interest and Loans for Your CryptocurrencyWith crypto markets rising, hodling seems to be a sound investment strategy once again. If you have coins you want to keep, you can earn some interest on your digital assets thanks to platforms such as Celsius Network. Its mobile wallet allows you to also use the cryptocurrency as collateral in case you need to […]

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PR: BitCash Offers Fiat Banking Tools and Stability

BitCash Offers Fiat Banking Tools and StabilityBitCash – a new cryptocurrency ecosystem developed by blockchain engineer and serial entrepreneur Christian Kassler – launched on 28 August 2018. Combining traditional fiat banking tools and stability in one, BitCash seeks to be the world’s most useable, and most used, cryptocurrency.

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PR: Bitcoin Depot Adds 30 Bitcoin ATMs in Chicago With Zero Fees

Bitcoin Depot Adds 30 Bitcoin ATMs in Chicago With Zero FeesAs cryptocurrencies continue to influence the financial service industry and provide users with endless possibilities, bitcoin ATMs have proven to play a critical role in the cryptocurrency adoption process. Bitcoin ATMs convert fiat currency into digital cash, ensuring a seamless transaction experience.

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Crypto Debit Card Providers Are an Endangered Species

Crypto Debit Card Providers Are an Endangered SpeciesIt’s hard finding a reliable way to spend your cryptocurrency. When BTC’s fees went sky high in 2017, many merchants were sent scurrying from the crypto arena and have yet to return. With the Lightning Network permanently six months away, and few established crypto payment gateways, crypto debit cards have become a popular means of […]

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Universal Protocol Alliance Launches Interest-Paying Stablecoin UPUSD

A consortium of blockchain companies including Bittrex International, Brave, Cred, and Bitgo is launching a new stablecoin. Universal Protocol Alliance’s Universal Dollar (UPUSD) is a dollar-pegged token whose holders will earn interest, just like a regular savings account. The consortium has announced ambitious plans to launch UPUSD in Africa and Latin America first, to attract […]

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Markets Update: Diminished March Trade Volume Mirrors Previous Patterns

Markets Update: March Trade Volumes Diminish Following Prior Crypto TrendsOver the last few days, cryptocurrency markets have been holding steady and consolidating after the correction on Feb. 24. Currently, the entire market capitalization is hovering around $129 billion and trade volume has started to diminish slightly with $24.9 billion traded over the last 24 hours. The top contenders capturing most of today’s daily gains […]

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Report: ‘The State of Stablecoins’ Maps the Growth of Fiat-Pegged Cryptocurrency

Report: The State of Stablecoins Maps the Growth of Fiat-Pegged CryptocurrencyA new report published this week shines a light on the stablecoin ecosystem. Authored by George Samman and Andrew Masanto in conjunction with Amazix, the report traces the rise of digital currencies against a backdrop of high inflation in 16 countries. The report claims these conditions will create a need for fiat-pegged digital currencies that […]

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Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations

Bitcoin's Social Contract Must Be Resilient to the Whims of Future GenerationsOver the last few years, infighting and different visions has led to significant divides within the Bitcoin community, weakening the network effects no matter which chain you support. With all the arguments about scaling, privacy, consensus changes and the various forks, it is amazing that these public networks are still thriving. Nevertheless, the people who […]

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Yellow Vest Movement Starts a New Form of Protest – Burning Banknotes

Yellow Vest Movement Starts a New Form of Protest — Burning BanknotesFor well over two months, the yellow vest movement in France has continued to keep itself illuminated with fervent protests against taxes, the banking system, and the region’s bureaucrats. On Feb. 1, a group of Gilets Jaunes working at the bill printing factory explained their plan to show the world they mean business by burning […]

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Tidbits: Kraken CEO Offers Help in Quadrigacx Case, Iranian Bitcoiner Learns Expensive Lesson

Jesse Powell Extends Invite to Canadian Police, Iranian Bitcoiner Learns Expensive LessonTidbits is a roundup of talking points from across the cryptosphere. In this edition, Jesse Powell offers to help the Canadian police investigate the supposed death of Quadrigacx CEO Gerald Cotten and the subsequent movement of funds. Also, the r/btc community teaches Iranian redditor Cdaemon how to keep his crypto safe.  Also read: Canadian Exchange […]

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Back to Basics: What Is Money?

Our current economic system can be compared to a merry-go-round that has us consuming, trapped in debt and spending as quickly as we earn. What is fiat currency? Why do we use it and who controls it? And how does it compare to gold and bitcoin? It is worth going back to basics, to better understand […]

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Texas Updates Regulatory Guidance Regarding Cryptocurrency Activities

Texas Updates Regulatory Guidance Regarding Activities Involving CryptocurrencyThe Texas Department of Banking has published new guidance regarding the regulatory treatment of virtual currencies under the Texas Money Services Act. The document states that most transactions involving cryptocurrencies will not be considered a transfer of “monetary value” but the exchange of virtual currencies for fiat will likely be recognized as a “money transmission.” […]

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New Platforms Track Major Stablecoin Markets

New Platforms Track Major Stablecoin MarketsThe birth of more stablecoins, which has coincided with significant market losses for traditional cryptocurrencies, has drawn attention to these fiat-pegged digital assets. Dedicated platforms are now aggregating statistical data about stablecoin markets for the benefit of traders. Also read: Chat Bot Advises Crypto Startups and Investors The Stablecoin War Is Heating Up The last […]

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Markets Update: Cryptocurrency Traders Are Still Searching for the Elusive ‘Bottom’

The entire crypto-economy has been meandering just above $109 billion after the last two weeks of market dumps. Volume has been light this week as digital asset enthusiasts and traders are now pondering the crypto market’s next big move. Also Read: Former Israeli Prime Minister Calls Cryptocurrencies a ‘Ponzi Scheme’ Market Surfers Wait for the […]

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The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets

The Daily: Coinbase Adds Paypal for Withdrawals, Gazprombank to Manage Crypto AssetsIn this edition of The Daily, Coinbase customers in certain regions can now link their Paypal accounts to withdraw fiat and sell cryptocurrencies. Also, Russia’s third-largest bank is working to launch a digital asset management service in Switzerland, and Koinex, India’s leading crypto exchange, has set up a new development center in Bengaluru, the country’s […]

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A Cashless Society – Utopia or Dystopia?

A Cashless Society – Utopia or Dystopia?From Stockholm to New York, major global hubs are ditching cash for cards. As contactless payment devices including smartphones and smartwatches proliferate, hard currency is falling out of favor. But for all the convenience that touch payments bring, the cashless transition has major ramifications for the most underserved segments of society. Also read: Russian Marketplace Allows […]

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Wendy McElroy: Don’t Smash the State, Bypass the State

Don’t Smash the State, Bypass the StateThe Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 7 Crypto Justice: Don’t Smash the State, Bypass the State. The 19th century individualist-anarchist Benjamin Tucker referred to anarchism as “society by contract.” The contracts could express any exchange, from leases to prostitution, from insurance policies to drug […]

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The Daily: Bitfinex Raises Fiat Withdrawal Fee, New Hardware Wallet Announced

The Daily: Bitfinex Raises Fiat Withdrawal Fee, New Hardware Wallet AnnouncedCrypto exchange Bitfinex has raised the minimum fee for fiat currency bank wire withdrawals and we’ve covered the details in The Daily. We also look at a San Diego-based company’s new hardware cryptocurrency wallet and the decision of one of Portugal’s leading football clubs to issue its own token. Also read: US Defense Department Probes Blockchain, […]

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