fiat currency

Florida Governor Ron DeSantis has enacted a new law, opening the doors for transactions using gold and silver in the state. This move is seen as a nod to the original “gold standard.” What Happened: DeSantis signed the bill, HB 999, into law, allowing Floridians to use gold and silver...

Venture capitalist Tim Draper is well known for his Bitcoin (CRYPTO: BTC) price predictions over the years. In a new interview, Draper is sticking with a price target of $250,000 for the leading cryptocurrency. What Happened: Draper is best known for his 2014 prediction that Bitcoin would reach a...

In a striking statement, macroeconomic expert Raoul Pal forecasted a future when the burgeoning "crypto world" not only rivals but potentially surpasses the traditional "fiat world" in economic scale and influence. Rapid Growth And Migration To The Crypto World:...

Japan's National Tax Agency stated that cryptocurrency issuers in the country will not be required to pay capital gains taxes on unrealized gains. This follows the approval of a proposal last December by the tax committee of the ruling Liberal Democratic Party (LDP) to exempt crypto startups...

Bittrex's U.S. subsidiary will enable customer withdrawals this Thursday, per a directive by a Delaware bankruptcy court. The company's attempt to allow customers to regain access to their holdings was met with resistance from the U.S. government. The exchange still owes a substantial...

Argentine low-cost airline Flybondi made a move into the blockchain space by issuing its e-tickets as non-fungible tokens (NFTs). This new integration, called Ticket 3.0, is a continuation of Flybondi's partnership with NFT ticketing company, TravelX, which was established...

One of the largest cryptocurrency exchanges globally Binance revealed its latest venture, the launch of a prepaid cryptocurrency card in Colombia. This marks the third country in Latin America to have access to the Binance crypto card, joining Argentina and Brazil. According to a press release...

The recent collapse of cryptocurrency bank Silvergate Capital Corp (NYSE: SI) and the termination of the Silvergate Exchange Network (SEN) will be a challenging issue for the cryptocurrency industry, according to a report by JPMorgan Chase.  Silvergate served as a gateway for more than 1,...

With the collapse of both the Silvergate Exchange Network (NYSE: SI) and FTX (CRYPTO: FTT), stablecoins are expected to become even more ubiquitous as traders deposit their dollars with stablecoin issuers and transfer them to exchanges. SEN was widely used by exchanges, market makers, and investors...

The argument that cryptocurrencies are a viable alternative to fiat currency has been settled in the wake of the digital-asset sector's recent turmoil, with technology not being an alternative for "trusted" money, according to the Bank for International Settlements' Agustín...

When cryptocurrencies first started gaining the attention of mainstream investors in early 2017, a number of crypto pundits were quick to claim that they could act as an effective hedge against inflation. Citing the limited token supply of cryptocurrencies like Bitcoin (CRYPTO: BTC) as the chief...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has suggested that he sides with cryptocurrencies in their war on fiat currencies such as the United States dollar. What Happened: Elon Musk said this in response to a Twitter user who asked what he thinks about people who are angry at him over his...

Shares of exchange operator Intercontinental Exchange Inc (NYSE: ICE) are up around 20 percent year-over-year, and the company is exploring newer areas for growth like bitcoins. Jeff Sprecher, ICE CEO and NYSE chairman, was on CNBC recently to discuss the company’s growth and its investment...