Bitcoin on $3K discount at Binance.US, but there’s a catch
[Jul 9, 2023 10:18 PM] Bitcoin is selling for just over $27,500 on Binance.US, a nearly $3,000 discount from global spot prices.
2 / 3 Relevant items tagged with #Fiat
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Binance.US solves USD withdrawal issues but warns it won't last long
[Jun 22, 2023 9:21 PM] “While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” said Binance.US.
Bitcoin Is Actually A Store Of Energy, And That Changes Everything
[Jun 19, 2023 10:00 PM] This is an opinion editorial by Shane Neagle, the editor-in-chief of “The Tokenist.”Time and time again, we see the mainstream media taking advantage of Bitcoin’s perceived exploit: energy consumption. For the Bitcoin network, this path has become
Fiat Mindsets Are Making My Patients Unhealthy, But Bitcoin Can Help
[Jun 15, 2023 6:00 AM] This is an opinion editorial by Travis Headley, an emergency medicine physician and medical director of an urban emergency department.As an emergency medicine physician, I witness the impact of various societal factors on the health and well-being…
Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals
[Jun 11, 2023 7:30 PM] People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank…
Major Australian bank to decline ‘certain’ payments to crypto exchanges
[Jun 7, 2023 11:26 PM] James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services cited a huge scale of "investment scams" involving crypto exchanges.
Russians Warned Against Saving in Crypto Amid Declining Savings in Foreign Fiat
[Jun 1, 2023 5:30 AM] A government official in Moscow has advised Russians to avoid cryptocurrencies now when interest in foreign fiat currencies is declining in the country. The high-risk assets are not suitable for the savings of most people and make sense only for…
Bitcoin selling for $5K cheaper on Binance Australia as fiat ramp closes
[May 29, 2023 11:50 PM] One Bitcoin can be bought for the equivalent of $22,000 on Binance Australia if paying with Australian dollars. The problem is getting it there.
BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says
[Apr 27, 2023 3:30 AM] Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a…
Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says
[Apr 20, 2023 4:30 PM] Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
[Apr 16, 2023 8:30 AM] Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data…
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
[Apr 14, 2023 7:30 PM] ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is…
China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says
[Apr 5, 2023 8:00 AM] An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S…
In God We Trust, All Others Pay In Bitcoin
[Mar 31, 2023 6:00 AM] Perhaps soon, around the world, we’ll begin putting our faith in Bitcoin rather than fiat. This is an opinion editorial by Phil Snyder, an educator teaching blockchain technology, Bitcoin and all things media at the University of Houston.Who hasn’t…
Bank Runs Like These Are The Reason Bitcoin Exists
[Mar 15, 2023 7:49 AM] We may be heading into another financial crisis, government bailouts for reckless banks included. Bitcoin exists to fix this. This is an opinion editorial by Julian Liniger, the co-founder and CEO of Relai, a bitcoin-only investment app.‘On The…
Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers
[Mar 15, 2023 7:00 AM] Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine…
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
[Mar 11, 2023 2:30 PM] Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged…
Binance Bans Russians From P2P Transactions With Dollars and Euros
[Mar 10, 2023 3:30 PM] Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based…
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
[Mar 9, 2023 12:30 AM] The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that…
Fixing The Incentives: How Fiat Money Broke The World
[Mar 8, 2023 10:00 AM] The global history of fiat money and U.S. world reserve status has incentivized many countries to abandon their own cultures and sovereignty.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer…
Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia
[Mar 4, 2023 11:00 PM] Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media…
UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value
Fixing The Incentives: How Fiat Funds National Corruption
[Mar 1, 2023 10:00 AM] Governments with the power to print money on a whim can avoid accountability and pursue corrupt agendas.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.In…
Most Americans Optimistic About Bitcoin And Crypto, Frustrated By Current Monetary System: Survey
[Feb 27, 2023 1:49 PM] Most Americans would like to see their monetary system change, according to a study conducted on behalf of Coinbase.A study conducted by Morning Consult on behalf of Coinbase examined the perceptions of the global financial system and how U.S…
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
[Feb 25, 2023 1:00 PM] After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market…
Brazil And Argentina Don’t Need A Common Currency, They Need Bitcoin
[Feb 22, 2023 7:00 AM] Brazil and Argentina are considering a common trading currency, but that would just perpetuate the economic problems that Bitcoin could solve.This is an opinion editorial by Jack Williams, an undergraduate business administration student and…
Nigeria’s Cash Chaos Is Reaching A Boiling Point, Underscoring Need For Bitcoin
[Feb 21, 2023 3:40 PM] As Nigerians protest over the inability to withdraw cash, it should be clear that the country needs a Bitcoin alternative.This is an opinion editorial by Ray Youssef, a founder and CEO of Paxful and a founder of the Built With Bitcoin…
Fixing The Incentives: Fiat Money Fuels Broken Corporations
[Feb 20, 2023 10:00 AM] The broken incentives driven by fiat money props up large corporations, keeping workers unproductive and stifling entrepreneurial innovation.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer…
Fixing The Incentives: The Fiat Treadmill Keeps Us From Storing Value
[Feb 10, 2023 10:00 AM] By eliminating reasonable stores of value, the fiat economic system incentivizes us to seek debt, hope for luck and take on other poor habits.Bitcoin changes our mental model and we can see it in a lot of people that get into Bitcoin. Many…
Fiat Ruins Work But Bitcoin Rewards Those Who Add Value
[Jan 31, 2023 10:00 AM] How have Big Tech companies laid off so many with no consequences to their operations? Because fiat incentivizes meaningless rent seeking.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with…