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60 articles found
Latest
How Does Cryptocurrency Differ from Traditional Cash?
As interest in cryptocurrencies soars, it’s worth understanding how they differ from the cash we’re used to. This article compares the two, examining their pros and cons, and ponders whether digital currencies can truly replace fiat.
Things You Can Buy with Crypto in 2024
As cryptocurrencies continue to gain traction as an alternative to fiat money for buying goods and services, today's article takes a look at what you can purchase using crypto in 2024 and the methods available.
Riot Platforms Acquires Block Mining
The mining firm has purchased its rival for $92.5 million, paying $18.5 million in fiat and the remainder in Riot common stock valued at $74 million.
5 Bug Bounty Platforms in Web3 to Earn Money From
On Web3 bug bounty platforms, you can use your skills to hunt vulnerabilities in different projects and earn rewards in return. The amount you earn usually depends on how critical the bug is and how much the company offers to pay. Rewards can be in the form of crypto or fiat money.
Fiat On-Ramp: Simple Ways to Buy Crypto with Fiat Currency
Fiat on-ramps are revolutionizing the way traditional finance interacts with blockchain technology. These platforms offer a user-friendly way to quickly convert fiat money into various cryptocurrency tokens.
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New Zealand's Central Bank Governor Criticizes Stablecoins
At a parliamentary committee session, New Zealand central bank governor Adrian Orr voiced his skepticism towards stablecoins, labeling them as inherently unstable. He argued that their reliability is solely contingent on the financial reserves of the issuing entity. The governor also dismissed the notion of Bitcoin or any similar cryptocurrency as a viable substitute for fiat money or a store of value.
Under-the-Radar Crypto Trading Flourishes in China
Despite restrictions, Chinese cryptocurrency enthusiasts are keeping the trade alive. Users are covertly meeting in public places like cafes, parks, and even laundromats to swap wallet addresses, trade assets, and exchange bank information for converting their crypto into fiat currency.
FIAT Launches Free NFT Collection
Leading Italian automaker FIAT, in partnership with the Zealy platform and Arbitrum blockchain, is set to release 55,000 exclusive FIAT Pass NFTs today at 11:00 a.m. ET. These NFTs will be distributed from November 21 to November 30, 2023, on a first-come, first-served basis to users on the whitelist.
“Stablecoins Way Better than Digital Fiat”: MakerDAO Interview
GNcrypto had a pleasure talking to Tadeo, Developer Relations for Spark Protocol, MakerDAO’s SubDAO. And the conversation wasn’t just about the Dai stablecoin or its advantages compared to its competitors, USDT included. We delved into which countries are better at regulating crypto, why people trust opaque businesses, recent research into Solana as a potential future codebase for MakerDAO.
Binance Aims to Cease Partnership with Advcash
The fiat gateway from Advcash made it possible for users to transfer their money stored in Russian banks, which have fallen under sanctions, to the exchange. The user base is spreading this news, having gotten notifications from the exchange about it. Nevertheless, Advcash representatives assert that they haven’t received any communications from Binance concerning updates to their partnership.
Crypto vs. Forex: What’s the Real Difference for Investors?
Deciding to enter the financial markets? One question you’ll face is whether to trade digital or fiat currencies. However, there’s much more that separates Forex from crypto trading. Let’s dive into the core differences in this article.
Different Ways to Cash out Crypto in Ukraine
New to crypto, and the assets you bought increased in value? Maybe you have something in mind you want to buy with the profit. What to do if you need fiat money to acquire what you want? Depending on the country, different options may be available. Below, we’ll discuss the ways to cash out and use crypto in Ukraine in particular.
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Hong Kong Gears Up for Stablecoin Legislation
In a span of two months, the Hong Kong Monetary Authority (HKMA) collected 108 responses from industry players and financial institutions about regulations for fiat-referenced stablecoins. Government officials see these assets as the most promising, which is why the new bill will focus on them.
Ether․fi and Visa to Launch a Crypto Credit Card
A new product named Ether․fi Cash is designed as an alternative to the often complex and costly off-ramp process of converting cryptocurrency to fiat money. The developers hope that this innovation will allow cryptocurrency holders to operate entirely within the blockchain ecosystem.
SafePal Bridges Cryptocurrency and Fiat Worlds
SafePal, a decentralized crypto wallet, has launched a Visa virtual bank card, teaming up with Swiss bank Fiat24. This initiative promises decentralized and confidential asset storage, though the bank will maintain custody of user credentials.
Celsius's Bankruptcy Saga Approaches its Final Chapter
The bankrupt crypto company Celsius has announced the conclusion of its bankruptcy proceedings. They are set to begin distributing over $3 billion in both crypto and fiat currency to their creditors.
Elon Musk Shows Little Interest in Cryptocurrencies
Elon Musk has shared his relatively indifferent stance towards cryptocurrencies, considering money primarily as a database for resource distribution. He opined that fiat currencies are quite capable of serving this purpose effectively, provided that governments don't abuse the system and fuel inflation.
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What is Inflation and Can Crypto Hedge Against It?
Did you know that a decade ago, $100 could buy you double the amount of burgers than it can today? It's not just a recent trend – it's the enduring impact of inflation on fiat currencies.
Wintermute Accuses NEAR Foundation of Violating Agreements
Wintermute, an algorithmic trading firm in digital assets, accuses NEAR Foundation and Aurora of failing to uphold their agreement involving the conversion of $11 million worth of the now-defunct USN stablecoin to USDT. These tokens originated from the now-defunct FTX exchange and were acquired by Wintermute in exchange for fiat currency with the assurance of a complete conversion.
MoneyGram Debuts Wallet for Crypto
Bridging the gap between fiat and the stablecoin USDC, MoneyGram has unveiled its non-custodial crypto wallet. The payment solution ensures compliance with all KYC norms and maintains adherence to sanction regulations. “We’re turning MoneyGram into a global ATM concept using blockchain,” shared CEO Alex Holmes.
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