Category: Fiat Money

Tether to launch GBPT stablecoin pegged to British pound sterling

June 22, 2022

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Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment. 623 Total views 28 Total shares Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP). Tether officially announced on […]

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Tether aims to decrease commercial paper backing of USDT to zero

June 15, 2022

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Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it. 805 Total views 23 Total shares The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its U.S. dollar-based stablecoin Tether (USDT). Tether issued an official statement […]

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Bitcoin ecosystem makes a U-turn recovery in global ATM installations

June 11, 2022

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Bitcoin (BTC) ATM installations have marked a new comeback as June 2022 saw the reversal of the five-month-long downward trajectory for the first time this year.  The global ATM installations worldwide fell consistently throughout the year, with May reporting the lowest number of 205 ATM installations. However, June saw the installation of over 882 ATM […]

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Child prodigy with 162 IQ wants cryptocurrency for Christmas and gets it

December 25, 2021

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The 12-year-old Barnaby Swinburn scored 162 on the Mensa IQ test and became a member of the high-IQ society. 6570 Total views 86 Total shares The wish of owning cryptocurrencies this Christmas came true for a 12-year-old schoolkid with an intelligence quotient (IQ) higher than Albert Einstein.  Barnaby Swinburn, a resident of Bristol, England had […]

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Turkey’s crypto law is ready for parliament, President Erdoğan confirms

December 25, 2021

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Once implemented, the crypto law will implement a new economic model that can potentially help recover the lira’s falling value. 10714 Total views 60 Total shares Turkey’s President Recep Tayyip Erdoğan has reportedly confirmed the completion of a crypto law draft that will soon be shared with the Parliament for mainstream implementation in the country. […]

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Crypto.com and Silvergate enable institutions to buy and sell crypto with USD

November 30, 2021

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Silvergate is a major crypto bank known for assisting the launch of El Salvador’s crypto wallet Chivo. 1573 Total views 35 Total shares Major cryptocurrency exchange Crypto.com continues expanding its crypto on-ram and off-ramp solutions with a new partnership with the California state-chartered bank Silvergate. Crypto.com announced on Tuesday that it is working with Silvergate […]

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Bitcoin too volatile to be adopted as legal tender, says BoE chief

November 26, 2021

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The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it. 6700 Total views 56 Total shares Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City. […]

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Chinese retail giant JD accepts digital yuan payments for Singles Day

November 11, 2021

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Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021. 1325 Total views 17 Total shares E-commerce giant JD.com took payments in China’s central bank digital currency (CBDC) at a massive local ​​shopping event. JD.com accepted digital yuan (e-CNY) for payment on its e-commerce application for the Singles Day promotion […]

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UK FCA grants registration to crypto startup Crypterium

October 26, 2021

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Crypterium’s cryptocurrency wallet application is available in more than 170 countries, the company says. 1579 Total views 54 Total shares British cryptocurrency services provider Crypterium is the latest crypto firm to secure registration from the United Kingdom’s Financial Conduct Authority (FCA). Crypterium officially announced on Oct. 25 that it has recently been registered by the FCA […]

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Crypto-to-fiat liquidity startup Xanpool raises $27M

October 22, 2021

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Cryptocurrency-to-fiat infrastructure provider Xanpool continues expanding operations in the Asia Pacific (APAC) by securing fresh funding. The Hong Kong-based startup raised $27 million in a Series A funding round led by Valar Ventures, the venture capital firm co-founded by PayPal co-creator Peter Thiel. Other participating investors included crypto-focused venture capital firm CMT Digital as well […]

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