The USD Dam: How To Spot The Failures Of Faith And Function In Fiat Currencies
As of late, it is a regular occurrence to hear suits from the mainstream media cry out for the “need for liquidity to save us.” “But what is this liquidity that they speak of?” the average Joe may think. The ocean of monetary energy known as the U.S. dollar is often misunderstood but this “liquidity” can be the difference between hardly surviving or thriving with minimal effort. Often revolving around how close one is to freshly made supply. (Brrr). This ocean of monetary energy may seem safe for the first world’s fish swimming inside, but there is a catch. It is not actually....
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It’s safe to say that resident Obama’s press secretary will not openly admit where the White House stands on the issue of Bitcoin use in the newly acquired Russian sovereign territory, Crimea. Not a word from the “official” fiat issuers either. My guess is it might be because the Kremlin, too, shares the same attitude to the currency of the future. If anything could add fuel to the fire; it would be an open discussion on the most important, and least discussed, change underway in Crimea – the fiat currency change. And this change is perfectly emblematic of a point Bitcoin proponents have....
Germany-based startup BitXatm has announced the arrival of its Sumo Pro - a cryptocurrency ATM with a POS (point of sale) function that will appeal to merchants seeking to easily accept payments from customers in digital currencies. Costing €2,900 (around $3,993), the stand-alone machine offers a generous 17-inch touchscreen and has the ability to accept any fiat currency. Additionally, it can accept or dispense any digital currency, according to the company's website. Operators of the Sumo Pro are able to link up with any exchange partner's API to facilitate the supply of digital....
In the world of cryptocurrency, countless new projects pop up every day. While a lot of them look strong, and even experience success, many others end up going nowhere. In fact, a lot of these projects end up being outright failures. The worst of these failures start out with promising futures, generating a lot of hype and raising large amounts of starting capital. Then, they flop. They either quietly fade into the sea of failed crypto projects, or crash spectacularly in a blaze of public drama. The following list shows the biggest of these failures, the most hyped projects that couldn’t....
Customers of Binance.US can now trade four spot bitcoin pairings with zero fees and a low 0.5% fee for using the “Buy Crypto” function.
While legacy finance is losing the people’s trust, decentralized finance is becoming the fair and deserved future of money. To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like never before.Nowhere is the decline in trust more evident than in the financial services sector. In its 2021 Trust Barometer, Edelman found that only 53% of American respondents said they trusted those in the U.S. to "do what is right" — down 5% from its 2020 survey.....