You Searched For "fiat currency" and got 20 results
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2 mins read
'Big Short' investor Michael Burry says the dollar isn't strong at all — and inflation is eroding the US currency's buying power
Burry argued the dollar is only strong relative to its currency rivals, and the greenback is buying…
Theron Mohamed
3 mins read
Elon Musk joked that McDonald's should accept Dogecoin. Here's why that doesn't make any sense.
"I will eat a happy meal on TV if McDonald's accepts Dogecoin," Musk said on Tuesday morning. McDon…
Ben Gilbert
1 min read
Central bank digital currencies could slash costs for cross-border payments and speed transactions to seconds, BIS says
A prototype of a CBDC platform showed the time for cross-border payments taking as little as 2 seco…
Carla Mozée
1 min read
'I think it's a very dangerous thing': Trump trashes cryptocurrencies and says he favors a strong US dollar
The comments from the former president come just one week after wife Melania Trump announced plans …
Matthew Fox
5 mins read
Fiat money: Currencies that derive their value largely through trust in the governments that issue them
Fiat money is currency backed by trust in the government that issued it and not tied to a physical …
Leslie Quander Wooldridge
8 mins read
CBDCs — The fight for fiat currencies to remain relevant in the age of digital cryptocurrencies
Many countries are looking at launching a central bank digital currency (CBDC) to take advantage of…
2 mins read
More than half of experts in a recent crypto survey said bitcoin will replace fiat currency by 2050
So-called hyperbitcoinization could take place as early as 2035, according to Finder.com, which sur…
Carla Mozée
2 mins read
Tether slapped with $41 million fine for 'untrue or misleading statements' on fiat currency backing
The CFTC discovered Tether only held sufficient fiat reserves to back its USDT stablecoin for only …
Isabelle Lee
3 mins read
Here is why a ban on cryptocurrencies may not be even possible
Will India ban cryptocurrency? Will trading in crypto be legal even if the country bans cryptocurre…
1 min read
A crypto startup is selling Solana NFTs from a vending machine in New York in exchange for fiat currency
After customers choose an NFT, the vending machine dispenses an item with a QR code that buyers sca…
Natasha Dailey
2 mins read
Crypto assets could replace fiat currencies within as little as 5 years, financial execs tell Deloitte
In a survey, 76% of execs said crypto will at least provide a strong alternative to fiat, which mea…
Camomile Shumba
1 min read
Crypto lost the battle to be an alternative to fiat money after FTX collapse, top economist says
"Only the legal, historical infrastructure behind central banks can give great credibility [to mone…
Morgan Chittum
6 mins read
India’s digital currency to be launched in FY23 to be cost effective, transparent and secure
The central bank digital currency (CBDC) is about to be launched this financial year in FY23, finan…
1 min read
Tether to launch tokens pegged to the British pound in an expansion of its lineup of stablecoins
Putting British pounds on the blockchain will provide a "faster, less costly option for asset trans…
Carla Mozée
2 mins read
Sanctions on Russia could eat away at the dollar's global dominance and boost the use of crypto, IMF says
As countries turn to other currencies in international trade, "fragmentation at a smaller level is …
Adam Morgan McCarthy
2 mins read
Florida Governor Ron DeSantis proposes banning a digital currency from the Fed, arguing it will stifle innovation and promote surveillance
"The Biden administration's efforts to inject a centralized bank digital currency is about surveill…
Matthew Fox
3 mins read
Taiwanese crypto exchange suspends trading in Rupees after TDS laws kick in
India’s new tax rules that collect 1% TDS on transfer of crypto and other virtual assets came into …
2 mins read
The Fed may release its long-awaited paper on central bank digital currencies as early as next week, report says
Jerome Powell has said CBDCs would negate the need for stablecoins, but other observers say a digit…
Isabelle Lee
2 mins read
Central bank digital currencies could save global corporations $100 billion per year, JPMorgan says
The 35-page report looked into a CBDC network that operates 24/7 and focused on Southeast Asia, whi…
Isabelle Lee
1 min read
The ruble surges close to pre-invasion levels as Russia-Ukraine talks raise hopes for end to fighting
Controls that Russia's central bank imposed are also helping to bring the ruble back to life after …