Fiat Money

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

The United States Marshals Service (USMS), a federal law enforcement agency within the U.S. Department of Justice, will auction more than 4,000 confiscated Bitcoins (BTC). According to the official USMS website, the authority is planning to sell “approximately” 4,040 Bitcoins (4,040.54069820), requiring a $200,000 deposit in order to take part in the auction. The USMS …

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Six Major Central Banks to Collaborate on Digital Currency Research

The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC). According to a press release published by the Bank of England on Jan. 21, the aforementioned institutions will share their experience with other …

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

Major cryptocurrency exchange Huobi has partnered with a real estate firm in the United Arab Emirates (UAE) to allow real estate investors to pay in cryptocurrencies. The Singapore-based crypto exchange has entered a partnership with fäm Properties, a tech-driven real estate agency based in Dubai, to offer crypto payment options for its real estate investors, …

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Binance Crypto Exchange Adds Support for Australian Dollars and Thai Baht

Major cryptocurrency exchange Binance added support for Australian dollars (AUD) and Thai baht. Binance announced support for the national currencies in separate releases on Jan. 7. Thai digital asset exchange Satang Corporation will process Thai baht transfers, while Australian dollar transfers will be facilitated by Banxa, a company specialized in internationally compliant fiat-to-crypto gateways.  Satang’s …

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Europe Central Bank Proposes ‘Unattractive’ Rates for Digital Currency

The European Central Bank (ECB) remains open to the idea of a digital euro equivalent but would want to stop citizens holding too much of it.  That was the conclusion of a fresh working paper on so-called central bank digital currencies (CBDCs) by Ulrich Bindseil, the bank’s Director General of Market Infrastructure and Payments, on …

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Bitcoin: 4 Big Competitive Advantages Over Altcoins in 2020

Bitcoin (BTC) easily succeeds over other cryptocurrencies in multiple key areas, which all but guarantee its future as the standard, noted academic Konrad S. Graf has concluded. In the second installment of a two-part interview with Eurasia Review published Jan. 1, Graf highlighted a plethora of “competitive advantages” inherent to Bitcoin.  Graf has sought to …

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US Fed to Print $425B for New Year’s — 3 Times Bitcoin’s Market Cap

The United States central bank will inject at least $425 billion of nonexistent money into the economy by the middle of next month. In a statement released Dec. 11, the Federal Reserve confirmed it would ramp up so-called repurchase, or “repo,” operations on key dates over the new year period. Fed to “print” 3x Bitcoin …

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Cardano’s Payment Gateway for Merchants Is Now Live

The Cardano Foundation, the firm behind the 12th biggest cryptocurrency Cardano (ADA), has launched AdaPay, an ADA payment gateway for merchants. Developed by the Cardano Foundation and enterprise-grade fintech platform Coti, the solution allows merchants to accept ADA payments with “near-instant” settlement in 35 fiat currencies directly in their bank accounts, the firm announced Nov. …

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Max Keiser: Bitcoin’s ‘Self-Settlement’ Is a Revolution Against Dollar

Bitcoin (BTC) beats both fiat currency and gold because it does not need settlement, RT host Max Keiser has said. In the latest episode of the network’s Keiser Report on Nov. 7, the well-known Bitcoin bull explained that other forms of transactions need settlement time, but Bitcoin does not. Keiser: BTC “uniquely self-settling” This is …

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United States National Debt Hits 23 Trillion — Over $1M Per Bitcoin

The United States national debt is now over $23 trillion, according to website U.S Debt Clock. It is also worth noting that the debt per United States citizen is $69,724 and that the debt to gross domestic product ratio is 106.65%. The milestone has been pointed out on Nov. 1 by Bitcoin advocate Twitter personality …

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