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Tag Archives: fiat

Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’

Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11. While the exchange has not specified a reason for the suspension, it states that deposits are “expected to resume within a week.” As reported Oct. 8, the exchange has recently ...

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Bitfinex Suspends Fiat Deposits amid Bitcoin Selloff

Did cryptocurrency exchange giant Bitfinex play a role in last night’s bitcoin sell-off? As first reported by The Block, the British Virgin Islands-based but Hong Kong-operated exchange has “temporarily paused” EUR, USD, JPY, and GBP wire deposits, although screenshots from customer accounts circulated on social media suggest that the situation should “normalize within a week.” Bitfinex’s EUR, USD, JPY, GBP ...

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Samourai Wallet Removes Fiat Values in Favor of Satoshis

Samourai Wallet announced the release of a new app update on September 28 that removes fiat values for wallet balances and transaction fees. Instead, the wallet now shows only satoshis (sat), the smallest unit of bitcoin, for all values. In the announcement, the bitcoin wallet provider knew that the change could cause some frustration among users and possibly cause some ...

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Dash Podcast 71 – Feat. Ash Francis from eWallet instant Fiat to Dash exchange for UK

Video repost of episode 71 of the three amigos podcast with special guest Ash Francis from eWallet. The 3 amigos podcast takes place every Friday at 3pm EST / 7pm UTC. The Dash Force News 3 amigos podcast is now available to listen to on the following platforms:  Itunes Tunein Stitcher Google Play Overcast Podbean If you haven’t done so by now, can you please make sure ...

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Ukrainian National Bank Considering Launching State Digital Currency Tied to Local Fiat

The National Bank of Ukraine (NBU) is considering launching a state-owned digital currency based on blockchain, local news outlet Vesti Ukraine reported Tuesday, September 25. NBU says that the blockchain-based hryvnia, or e-hryvnia, has to be centralized and remain under government control, Vesti Ukraine writes. The state-backed coin is expected to increase the rate of non-cash payments, along with reducing ...

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VivusPay Finally Makes Cryptocurrencies As Easy to Use as Fiat

Many agree that using cryptocurrency presents much-needed solutions to problems that exist across the board in the payment industry. Blockchain is a state-of-the-art technology that completely changes how we do business. So why don’t we see the ubiquitous use of cryptocurrency when people pay for goods and services or make transfers? Why do people still go to banks when a ...

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Crypto Exchanges Don’t Need Licenses in Colorado For Fiat, Positive Development

The State of Colorado recently released a special guidance that will eliminate the need for money transmitting licenses in crypto exchanges in cases when no fiat currencies are being involved. No Fiat Used — No License Needed Only days ago, on September 20th, a new interpretive guidance regarding the Colorado Money Transmitters Act’s applicability was released by the Colorado Division ...

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VivusPay Finally Makes Cryptocurrencies As Easy to Use as Fiat

VivusPay Bridges the Gap The VivusPay mobile application, powered by Optherium, is exactly what is needed to consolidate both the traditional and digital worlds. This app offers an eWallet that provides users with a secure way to manage their various cryptocurrencies as well as fiat currencies. The application is already publicly available to everyone through the AppStore or Google Play, ...

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Binance to [Beta] Launch Singapore Fiat Crypto Exchange Tomorrow

Binance is set to unveil a fiat currency exchange that will be based in Singapore. This was revealed by CEO Changpeng Zhao over the weekend while speaking at the Cumberland Summit, a blockchain event in Singapore. Zhao further revealed that the new exchange is currently under an invitation-only beta testing phase. After making the announcement during his speech on September ...

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