How does the monetary supply affect cryptocurrencies?
Cointelegraph analyst and writer Marcel Pechman explains how the monetary supply affects cryptocurrencies. Go to Source Powered by WPeMatico
Fiat Money
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Nigeria CBDC adoption spikes as fiat currency shortage grip the nation
The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. Go to Source Powered by WPeMatico
Gemini says no funds at Signature Bank backing GUSD
The company stated that it previously had a relationship with Signature but said it no longer has funds there. Go to Source Powered by WPeMatico
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins. Go to Source Powered by WPeMatico
Banks with crypto services require new Anti-Money Laundering capabilities
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions. Go to Source Powered by WPeMatico
Is the IMF shutting the door prematurely on Bitcoin as legal tender?
Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.” Go to Source Powered by WPeMatico
Naira redesign no more: President’s directive canned by Nigerian supreme court
The supreme court of Nigeria says no to naira redesign, rules the old banknotes to remain in circulation. Go to Source Powered by WPeMatico
Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges
Following the temporary suspension from Ukraine’s central bank, crypto exchanges like Binance and Kuna made official announcements informing investors about the inconvenience. Go to Source Powered by WPeMatico
Crypto transaction success rate hinges on user location: Report
A new report from Cointelegraph Research and Onramper revealed that fiat-crypto transactions have a 50% failure rate due to a number of factors, including user location. Go to Source Powered by WPeMatico
ChatGPT learns Bitcoin will end central banking and fiat currency
A Bitcoin mentor convinced ChatGPT, the AI chatbot, that Bitcoin would bring about the demise of fiat currency. Go to Source Powered by WPeMatico
