Category: Fiat Money

Crypto fintech Moonpay reportedly aims for $3.4B valuation in first VC funding

October 12, 2021

Crypto Nanobot 0

Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company. 840 Total views 10 Total shares Moonpay, a fintech startup dedicated to building crypto payments infrastructure, is reportedly expected to reach a valuation of $3.4 billion after conducting its first round of venture capital […]

Continue Reading

Retirees in El Salvador protest against Bitcoin adoption

August 31, 2021

Crypto Nanobot 0

Retirees and veterans in El Salvador are worried that the government would start paying their pensions in Bitcoin instead of the U.S. dollar. 485 Total views 6 Total shares Amid El Salvador preparing to officially enforce the country’s Bitcoin (BTC) law in early September, Salvadorans took to the streets to protest over the adoption of […]

Continue Reading

Thai SEC proposes new rules for digital asset custodians

August 25, 2021

Crypto Nanobot 0

The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September. 558 Total views 68 Total shares The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency industry, citing investor protection concerns. On Wednesday, the Thai SEC proposed a set of additional regulations related to custody […]

Continue Reading

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

July 16, 2021

Crypto Nanobot 0

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 […]

Continue Reading

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

May 28, 2021

Crypto Nanobot 0

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 […]

Continue Reading

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

May 14, 2021

Crypto Nanobot 0

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 […]

Continue Reading

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

April 7, 2021

Crypto Nanobot 0

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 […]

Continue Reading

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

March 31, 2021

Crypto Nanobot 0

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 […]

Continue Reading

Tether stablecoin is fully backed, says new assurance report

March 30, 2021

Crypto Nanobot 0

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 […]

Continue Reading

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

March 29, 2021

Crypto Nanobot 0

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 […]

Continue Reading