Sentences with phrase «by the fiat currency»

Tether digital cash is a token working on top of the blockchain and backed by fiat currency.

Oudea has shown support to the proposal that the cryptocurrencies can be supported by fiat currencies.

Tether digital cash is a token working on top of the blockchain and backed by fiat currency.

So was this hack a bid by fiat currency diehards to undermine confidence in Bitcoin or maybe an elaborate ruse for someone to snap up a bunch of Bitcoins on the cheap?

Tether, a digital token backed by fiat currency, also experienced banking problems in 2017 when all international wires to Tether were frozen by Tether's Taiwanese banks.

Tether claims all of its coins are backed by fiat currency stored in a reserve.

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.

The UBS innovation team has recently proposed a so - called «settlement coin», which could be backed by fiat currency and become usable even within the existing regulatory framework.

Tether (USDT) is a digital token that is backed by fiat currency, in this case by US dollars.

Tether coins are supposed to be backed up by fiat currency.

Also, the issue whether a token that is fully backed by fiat currency falls under the definition of a cryptocurrency is questionable and will be put on the agenda of the next scheduled Index Committee Congress.

Tether, the altcoin backed by fiat currencies USD and EUR, has issued another 300 mln USDT tokens priced at $ 1 per token on Tuesday March 20, according to data from Omni Explorer.

Meanwhile the value of the property as measured by the fiat currency will increase.

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....

She asked them to consider a safe harbor for virtual currency startups, and to consider only regulating exchanges that change so - called fiat currencies — or legal tender that's not backed by physical commodities like gold — into virtual ones.

Most world currencies are fiat currencies, but they are backed by sovereign states.

The renegades, inspired by 2007 — 08 financial crisis, don't trust central banks and fiat money; they want a new global currency with limited supply.

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.

They are fiat currencies created by government decree.

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.

Like gold, cryptos are favored by those who have a deep distrust of fiat currency, or paper money.

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.

Hence a fiat currency is anything that the government declares «let there be value, by law and regulation».

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.

However, the increasing price of Bitcoin relative to traditional fiat currencies such as the Dollar and Euro may actually inhibit adoption by the general public.

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.

About the author: JS Kim is the Managing Director and Founder of SmartKnowledgeU, a fiercely independent research, consulting and education firm that focuses on gold and silver asset investment strategies as a means of countering the damaging effects of rapidly devaluing fiat currencies worldwide and price - distorted stock market and asset bubbles created by Central Bankers.

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.

Until 2017, the majority of Wirex customers worldwide enjoyed the fruits of early bitcoin adoption and powered their bitcoin lifestyle by exchanging bitcoin for fiat currencies (USD, EUR, GBP)-- making payments with their Wirex prepaid debit card.

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.

The original form of money, and still considered by many to be the only «true money», unlike fiat currency, which is what we use today.

By not dealing with fiat currencies, it allows investors to readily exchange their cryptocurrency assets for other cryptocurrencies while isolating themselves from any pressure the government could put on them through the banking system.

If the token is backed by a tradable good, such as gold, real estate, storage space, etc., then it is known as a Security token (these are often more heavily regulated because they are more similar to fiat currencies).

That's four times the gains posted by Russia's ruble and Brazil's real, the world's top two fiat currencies.

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-...]

Some, however, have already responded by proposing the issuance of a digital version of their fiat currencies.

But on the other hand, if you know the fiat currency payment is conducted directly by the buyer and seller.

By scaling and incorporating bitcoin into the world's computing devices, a large space of economic opportunities that is inaccessible to fiat currencies becomes possible.

by Yesterday the Bank of England cut its main interest rate from 0.5 % to 0.25 % for the first time, marking its first interest rate change since March 2009, and provided all of us with more reasons to keep converting fiat currencies into physical gold and physical silver.

If one takes a few minutes to really think about the medium that we accept as money today, fiat currencies made out of cotton fiber backed by nothing except militaries, murder, death, and threats of murder and death, then one should easily conclude that fiat currencies literally have no intrinsic worth.

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.

The dollar became a fiat currency, one backed by an arbitrary decree from the U.S. and the floating exchange rates we have today were born.

Customers will deposit bitcoin or fiat currency into their accounts and then place different order types that are recorded on an order book managed by the exchange.

If you utilize Abra by holding fiat currency, ie.