Please note, this is a STATIC archive of website cointelegraph.com from 17 Oct 2021, cach3.com does not collect or store any user information, there is no "phishing" involved.

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

Steve Schwarzman, one of the world’s richest people, likes blockchain but thinks that applying it to money creation is odd.

Blackstone CEO: Blockchain Is Good But ‘Odd’ for Creating Money

2019-09-17T15:12:20+01:00

2584

Venture capital billionaire Tim Draper says that Bitcoin’s lack of simplicity is the main impediment to mass adoption.

$250K Bitcoin Price Prediction Is Now 'Conservative,' Says Tim Draper

2019-09-16T12:08:49+01:00

49205

Five figures were arrested over the scheme, which police say was one of the most sophisticated ever seen in Europe.

Europol Shuts Down Counterfeiting Ring Which Sold $1.44M for Bitcoin

2019-09-10T13:06:00+01:00

2853

Grammy award-winning rapper Akon has rebuffed Bitcoin naysayers who claim that the asset lacks intrinsic value.

Rapper Akon Says Bitcoin Better Than ‘Military-Backed’ US Dollar

2019-09-10T09:30:00+01:00

7719

Bitcoin is poised to benefit from the economic havoc and political implications of a possible no-deal Brexit, analysts argue.

Bitcoin Price Stable Compared to Pound Sterling During Brexit Debacle

2019-09-05T01:10:00+01:00

3740

A Marshallese official has penned an essay explaining the country’s national cryptocurrency project with a fixed supply.

Marshall Islands Official Explains National Crypto With Fixed Supply

2019-09-04T13:22:00+01:00

6168

Individuals can now only exchange up to $10,000 worth of pesos as the currency continues to crumble.

‘Buy Bitcoin’ Says Expert as Argentina Imposes $10K Limit for Citizens

2019-09-02T10:13:00+01:00

10303

The People’s Bank of China’s much-anticipated digital currency may allow fund transfers without needing a bank account, according to Binance Research.

Report: No Bank Account Needed to Transfer China’s Upcoming CBDC

2019-08-30T01:55:00+01:00

8104