Fiat Money | Crypto Profit Bot

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 […]

Former Bank of Japan exec says Japan will need years to issue digital yen

November 17, 2020

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A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits. 5174 Total views 36 Total shares Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a […]

DeFi is here to stay despite signs of a bubble, says Binance CEO

November 17, 2020

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Cryptocurrencies like Bitcoin are the best form of money, Binance’s CEO says. 5272 Total views 33 Total shares Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble. In a Nov. 17 interview with Russia’s […]

Bitcoin hits all-time high against Russian ruble

November 5, 2020

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Bitcoin has never been worth so many rubles. 1439 Total views 12 Total shares Amid the ongoing rally in cryptocurrency markets, Bitcoin (BTC) has secured another milestone by hitting a new all-time high against Russia’s national currency, the ruble. According to data from major crypto tracking website CoinGecko, Bitcoin has broken another historic high against […]

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Category: Fiat Money