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On July 1, Joshua Green, CEO of the Bitcoin Cash (BCH) implementation Bitcoin Verde, told the BCH community that the local government from Dublin, Ohio plans to mint a token using the Simple Ledger Protocol (SLP). The unnamed SLP token will be used for city events, redeemed for city-branded swag, discounts, and can be given … Read more
Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government … Read more
Most people in this world will come in touch with fiat currency in one way or another. Even so, the vast majority of those individuals hardly ever wonder about the aspects of physical money, especially where US Dollar bills are concerned. The following fun facts and interesting tidbits of information show a US Dollar bill … Read more
As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better. With increasing competition, will the U.S. dollar continue to … Read more
In what some view as a landmark move, Google developers have added the bitcoin currency symbol to the iOS keyboard. Vitalik Buterin’s public request to add an ethereum symbol, however, was met with an unceremonious blow-off. The move, by a company so successful it’s evolved its domain name into a verb, reflects Bitcoin’s mainstream trajectory. Also read: … Read more
Amidst the ongoing cryptocurrency bear market, stablecoins have continued to gain prominence, with USDT currently comprising the dominant pairing for three of the four largest cryptocurrencies by market cap. Also Read: Localbitcoins Trade Surges in Latin America and East Asia USDT Comprises Dominant Pairing for 3 of Top 4 Cryptocurrencies by Market Cap According to Cryptocompare, … Read more
The Indian government panel tasked with drafting crypto regulation is reportedly worried that cryptocurrencies could destabilize the rupee if they are accepted as payments. Its concern came to light despite evidence that cryptocurrencies do not currently pose a threat to financial stability. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Impact on … Read more
Earlier this year we witnessed a mini flash crash that hit the fiat currency markets. It took approximately seven minutes for the Australian dollar to plummet against the Japanese yen, which surged to levels that it had last held almost a decade ago. Like a number of fiat currencies, bitcoin is going through its own … Read more
The Texas Department of Banking has published new guidance regarding the regulatory treatment of virtual currencies under the Texas Money Services Act. The document states that most transactions involving cryptocurrencies will not be considered a transfer of “monetary value” but the exchange of virtual currencies for fiat will likely be recognized as a “money transmission.” … Read more
Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Not Virtual Currencies Japan’s … Read more
