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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.

Top News

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

What Bitcoin correction? BTC price holds $55K despite several bearish indicators

The United States Marshals Service, a federal law enforcement agency within the U.S. Department of Justice, will auction off 4,040 bitcoins.

US Marshals to Auction $37M in Confiscated Bitcoin in February

2020-02-03T20:38:00+00:00

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Deutsche Bank’s research arm issued a report predicting that cash will be around for a long time despite the surge of digital currencies.

Deutsche Bank: Cryptocurrencies Won’t Replace Cash ‘Anytime Soon’

2020-01-27T21:53:00+00:00

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Bitcoin figures continue to highlight the dangers of U.S. economic policy as debt hits record highs of $23 trillion and dollars keep getting printed.

US Deficit Will Be at Least 6 Times Bitcoin Market Cap — Every Year

2020-01-24T09:27:00+00:00

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Six major central banks and the Bank for International Settlements jointly created a digital currency research group.

Six Major Central Banks to Collaborate on Digital Currency Research

Adrian Zmudzinski

2020-01-21T14:14:00+00:00

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Singapore-based crypto exchange Huobi partnered with a real estate firm in the UAE to offer secure crypto payment options for its real estate investors.

Huobi Exchange Partners With UAE Real Estate Firm to Enable Crypto Payments

2020-01-13T11:46:00+00:00

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Major cryptocurrency exchange Binance has added support for Australian dollars and Thai baht.

Binance Crypto Exchange Adds Support for Australian Dollars and Thai Baht

Adrian Zmudzinski

2020-01-08T09:58:00+00:00

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A working paper raises concerns about a run on the banks in times of financial instability, with tiered interest rates proposed as a solution.

Europe Central Bank Proposes ‘Unattractive’ Rates for Digital Currency

2020-01-03T11:47:00+00:00

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Trading against four cryptocurrencies and two stablecoins to begin a day after Binance’s CEO promised to “bring crypto to the masses.”

Binance Debuts Euro Pairs as CZ Says 180 Fiat Currencies Set for 2020

2020-01-03T09:06:00+00:00

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