Sentences with phrase «by fiat currency in»

A new detailed report released by Hong Kong - based cryptocurrency trading platform BitMEX has found possible published evidence that Tether's network is backed by fiat currency in Puerto Rico's banking system.

Not exact matches

Unregulated digital entities, created by just about anyone out of nothing, that assume some value denominated in fiat currency simple because they're being traded between anonymous people or bots whose only desire is to make prices go up, on unregulated opaque exchanges where everyone thinks price manipulation is good as long as it pushes up the price....

The race between automation and human work is won by automation, and as long as we need fiat currency to pay the rent / mortgage, humans will fall out of the system in droves as this shift takes place... The safe zones are services that require local human effort (gardening, painting, babysitting), distant human effort (editing, coaching, coordinating), and high - level thinking / relationship building.

We are excited to join other progressive vendors of online services in helping our customers break their dependency on both big banks and fiat currency by adding payment by Bitcoin Cash — the only currency guaranteed by an international series of tubes — to the payment methods we accept.

The USD is a fiat currency directly backed by nothing, the supply of which can be arbitrarily altered and manipulated by a group of unelected bureaucrats in charge of the Federal Reserve.

We are excited to join other progressive vendors of online services in helping our customers break their dependency on both big banks and fiat currency by adding payment by PotCoin — the only currency guaranteed by an international series of tubes — to the payment methods we accept.

(1) PandaMiner has the right to suspend user's account and block all cryptocurrency, fiat currency and commodity sums contained therein, in case of non-fulfilment or unduly fulfilment of the terms of use by the user.

Part of the attraction of bitcoin is that it's not a fiat currency: It can't be inflated or «manipulated» by central banks; it's like gold in its limited, exogenous supply and its deflationary effects.

The company was incorporated in 2014 and is backed by SEED Capital Denmark, SEB Venture Capital and Accelerace. Coinify.com platform offers blockchain currency trading and payment processing services: individuals can buy and sell blockchain currencies; and merchants can accept blockchain payments in 15 currencies and receive payouts in fiat.

By Mt. Gox's own estimates, it has only 2,000 BTC and approximately $ 22.4 m in fiat currencies in its possession.

Not only this, but the regulatory agency has also stated that in the country of Columbia, the only medium of exchange that is deemed as legal consists of the country's fiat currency, issued by the Bank of the Republic.

There were 425 cases of illegal online transfers of fiat currencies, which is less than 1/4 of the amount noted by the NPA in 2014.

Unlike in the past, when you could exchange your dollars or any other currency for physical gold, fiat currency is not backed up by anything else than a number printed on a piece of paper.

Though the US dollar has remained the strongest fiat currency in a pool of rapidly devaluing fiat currencies over the past two years, if one calculates the declining purchasing power of the US dollar in the past couple of decades when using real rates of inflation inside the US (versus the bogus rates produced by federal entities), then one can easily reach the conclusion that the US dollar has crashed as well.

by The banking - government industrial complex has been pulling the wool over investors» eyes for years when it comes to getting the masses to keep their savings tied up in ever rapidly devaluing fiat currencies instead of intelligently converting them into the only real money out there — physical gold and physical silver — that has -LSB-...]

There is growing sentiment that our fiat currency system should be replaced with a hard anchor, such as the gold or silver standards in place in much of the world over the two centuries preceding gold's abandonment by the United States in 1971.

Unlike the fiat currencies that are subject to regulation by the central authorities of the country in which they issued, the CryptoBank cryptocurrency is decentralized, and therefore is not subject to geopolitical and age restrictions.

By holding your funds in fiat, you can minimize the volatility of your balance, as fiat currencies are generally less volatile than cryptocurrencies.

Since is is backed by an actual fiat currency, it allows the users to move their preferred fiat money in and out of a certain exchange efficiently and in a cheaper transaction rate.

By default, the Abra wallet will hold your balance in your local fiat currency based on the phone number you signed up with.

The performance of gold vs. fiat currencies reflects the fact that Central Banks globally are devaluing their currencies by printing currency and sovereign debt in increasing quantities.

The cash raised by the sale of the tokens, at a face value of 10 cents in fiat currency, will be used to expand GBX's and GSX's FinTech capabilities as well as doubling or trebling current staff levels.

Marketplace with easy - to - use mobile interface enabling instant payments in any currency, crypto or fiat - underpinned by the Nauticus Coin.

Cryptocurrency deposits could be potentially worth many times more than initially deposited, however if you prefer the stability of a fiat currency and still want to benefit from the blockchain technology, RxEAL has you covered with the smart deposits in rapidly growing ETH or stable Dai by Maker.

If the supply of that commodity is limited (e.g., no more gold to make coins can be mined), then the ability to manipulate the currency price (exchange rate) downward by varying the quantity in circulation (as occurs with quantitative easing in fiat currencies) is no longer an option.

All fiat currency or bitcoin sent to or from ITC in New York occurs exclusively through approved customers sending money to be held by ITC in an insured bank or Bitcoin to be held by ITC or a withdrawal of that customer money or Bitcoin at the express direction of an existing customer of ITC's New York trust company offices.

In terms of its philosophy, it is a similar prospect to a Europe - based proposal, Saga, which we reported on recently — though that intended to induce stability by tying itself to a fractional reserve of fiat currency.

It seems that more and more people justify investing in cryptocurrencies — even at current record prices — by claiming that they're an effective hedge against the instability of fiat currencies.

Of course, the large discoveries of gold and silver pale in comparison to the gigantic discoveries by central banks of new fiat currency.

Gold standards and the direct convertibility of currencies to gold have been abandoned by world governments in favor of fiat currency systems.

I am myself a libertarian in large part because of what happened on the evening of Sunday, 15 August 1971, when I watched Richard Milhous Nixon announce that by executive order he was «temporarily» closing the gold window (ain't nothing so permanent as a «temporary» government measure) to divorce the U.S. dollar from the last vestige of even a fiction of specie convertibility, thereby opening the sluices to the present flood of fiat currency inflation.

Perhaps today's fiat currencies — the US dollar, pound, yen and so on — will go up in smoke in an inflationary crescendo in the next few years, perhaps as planned by the paper aristocracy.

According to the proceedings filed, this amount is the price of bitcoins and fiat currency that were lost, stolen or «misused» by Mt. Gox, as well as the loss of value in those bitcoins that the claimants were prohibited from selling.

If it were, the credit would be too much like money because a) accounting is done in it, b) it is issued by a governing body (like a fiat currency) and c) it is fungible, i.e. you can already buy things with it and if you could buy things with it AND a and b were true, it would pretty much be a currency.

In electronic fiat currencies, this function is fulfilled by banks, which gives them control over the traditional system.

In case you consider exchanging fiat currency such as US Dollar (USD), Euro (EUR) or Japanese Yen (JPY), you can find a guide on how to go about buying Ethereum (or any other cryptocurrency for that matter) by reading our «Token Sale Participation Guide».

You agree and understand that we have the right to offset: (i) negative balances in your Fiat Account by selling the necessary amount of Digital Assets in your Digital Asset Account on the open market at a price within 5 % of the Prevailing Market Price to offset such negative balances; (ii) negative balances in your Digital Asset Account by buying the necessary amount of Digital Assets at the Prevailing Market Price to offset such negative balances with the fiat currency in your Fiat Account; and (iii) any and all debts owed to Gemini through the offset of balances of your account or any Related Account.

Additionally, fiat currency deposits were prohibited in April, meaning users could only trade by depositing cryptocurrencies.

Revolut Crypto allows users to effortlessly buy, hold and exchange cryptocurrencies in any of the 25 fiat currencies supported by the app.

In the beginning, ChinaLedger aims to engage itself in the capital market by introducing a «settlement coin» pegged to fiat currencIn the beginning, ChinaLedger aims to engage itself in the capital market by introducing a «settlement coin» pegged to fiat currencin the capital market by introducing a «settlement coin» pegged to fiat currency.

It may not replace fiat currencies, just as unlawful file - sharing has not killed off lawful distribution, but it may persist as a viable alternative and, by doing so, force change in the way its traditional predecessors function.

If you choose to deposit a fiat currency that isn't supported by CEX.IO, keep in mind that your bank may charge you a currency conversion fee.

Bitcoin was the first ever «cryptocurrency» designed by Satoshi Nakamoto in 2008 as a decentralised alternative to fiat currency.

The Lendex project's team announced that their ultimate goal is to bridge the gap by providing real - world consumers with accessible digital micro-loan products in fiat currencies on one side, and investors who can generate returns commensurate with emerging market risks on the other side.

Founded by CNET founder Halsey Minor in 2013, Bitreserve launched innovative features to shield its customers from the volatility of bitcoin by instantly locking deposits to a fiat currency selected by the customer, such as the U.S. dollar.

Here's where Tether comes in — a project that makes fiat currencies easy to trade by converting them to crypto - coins.

We are excited to join other progressive vendors of online services in helping our customers break their dependency on both big banks and fiat currency by adding payment by Ethereum Classic — the only currency guaranteed by an international series of tubes — to the payment methods we accept.

We are excited to join other progressive vendors of online services in helping our customers break their dependency on both big banks and fiat currency by adding payment by Basic Attention Token — the only currency guaranteed by an international series of tubes — to the payment methods we accept.

By Mt. Gox's own estimates, it has only 2,000 BTC and approximately $ 22.4 m in fiat currencies in its possession.

In late January, TrustToken, a global platform for tokenizing fiat currencies and real - world assets backed by Stanford - StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat - backed stablecoin to offer token - holders legally protected certificates of ownership of US Dollars.