Fiat Money | Crypto Profit Bot

Cointelegraph Exclusive: Artist Damien Hirst says NFTs are like ‘the invention of paper’

July 16, 2021

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According to the British artist, NFTs are changing the world, but not always in the get-rich-quick way many media outlets report. 3085 Total views 5 Total shares Damien Hirst, a contemporary artist known around the world, talked about similarities and differences between artwork and fiat currency as he prepared to drop 10,000 NFTs tied to […]

Bitcoin likely won’t entirely replace current financial system, Coin Center director says

May 28, 2021

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Bitcoin may not cause the current monetary and financial system to go extinct, though its usage will likely vary depending on one’s location. 7020 Total views 8 Total shares Bitcoin may not mean an end to traditional currency and banking, according to research director of Coin Center Peter Van Valkenburgh “I think there are folks […]

UK will likely need to issue a digital currency, says BoE deputy governor

May 14, 2021

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The Bank of England’s deputy governor Jon Cunliffe has argued that a sea change in the issuance and circulation of public and private monies could make general access to a digital form of central bank money crucial for ensuring financial stability in future. In a speech at the OMFIF Digital Money Institute in London, Cunliffe reflected […]

CEO of biggest crypto exchange has ‘close to 100%’ of net worth in crypto

April 7, 2021

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Binance founder and CEO Changpeng Zhao is placing his bets on crypto. 12758 Total views 88 Total shares Changpeng Zhao, founder and CEO of the largest global cryptocurrency exchange Binance and one of the world’s top crypto billionaires, does not own much except crypto. “I’m one of those guys who value liquidity much more than […]

Digital euro could take four years, says ECB president Christine Lagarde

March 31, 2021

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The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said. 4673 Total views 30 Total shares It could be a while before European Union gets a central bank digital currency, if it gets one at all. In a Wednesday interview with Bloomberg Television, European Central Bank President Christine Lagarde laid out the […]

Tether stablecoin is fully backed, says new assurance report

March 30, 2021

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Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman. 6662 Total views 38 Total shares Tether Holdings Limited, a company behind the world’s largest stablecoin Tether (USDT), has released an assurance opinion to confirm that Tether tokens are fully backed by its […]

Stablecoin reserves on crypto exchanges hit new historic high of $10B

March 29, 2021

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Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC. 6972 Total views 31 Total shares Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on […]

Bank of Russia to start digital ruble trials in 2022

March 11, 2021

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The Bank of Russia hopes to complete a prototype platform for a digital ruble by the end of 2021. 8322 Total views 34 Total shares The central bank of Russia is expecting to start pilots for its central bank digital currency in 2022, a senior executive reportedly claimed. Bank of Russia deputy governor Alexey Zabotkin […]

Bitcoin needs clear regulations to be less volatile, Bridgewater analyst says

February 26, 2021

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Bitcoin will become more stable and liquid when regulatory certainty is in place, Bridgewater’s director of investment research argued. 10217 Total views 26 Total shares A senior analyst at asset management firm Bridgewater believes that regulation could potentially make Bitcoin (BTC) a good asset for institutional investors. Bridgewater director of investment research Rebecca Patterson claimed […]

Swiss National Bank and BIS complete digital currency proofs-of-concept

December 4, 2020

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The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system. 3418 Total views 27 Total shares The Bank for International Settlements and the Swiss National Bank and are exploring the benefits of implementing a central bank digital currency, or CBDC, using blockchain technology. According to […]

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Category: Fiat Money