Business
Bitcoin's rally above $15,000 has reignited debate over whether the cryptocurrency is so-called digital gold or a perilously risky bet as investors grapple with the coronavirus pandemic.
Nov 8, 2020
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6
Two Chinese nationals were charged Monday with laundering over $100 million in cryptocurrency that had been stolen by North Korean hackers, U.S. prosecutors said.
Mar 2, 2020
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3
Internet
Blockchain technology is not just useful for creating digital currencies such as Bitcoin or developing new financial technologies.
May 10, 2016
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24
Business
BlackRock, Wall Street's biggest money manager, is opening the door to investing in bitcoin futures in a potential boost for the controversial cryptocurrency.
Jan 21, 2021
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11
Consumer & Gadgets
Gov. Jared Polis said Coloradans can pay their taxes using cryptocurrency, making good on a plan he announced earlier this year.
Sep 21, 2022
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8
Business
Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency.
Jul 27, 2021
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224
Business
2020 could well be the year that the cryptocurrency dream dies. This is not to say that cryptocurrencies will die altogether—far from it. But to all the financial romantics who have cheered the rise of bitcoin and other ...
Jan 6, 2020
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7
Business
If Republicans win control of Congress in the November midterms, people who closely follow financial technology expect pressure on regulators to push crypto-friendly rules across the finish line.
Oct 5, 2022
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14
Business
The Facebook-backed Libra Association unveiled plans Thursday to seek approval for digital coins in individual currencies, revamping its cryptocurrency initiative in a move aimed at minimizing disruption to the global monetary ...
Apr 16, 2020
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159
Business
Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook's Libra, could one day replace the dollar as king of the foreign exchange market.
Sep 1, 2019
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16
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply. The other part of a nation's money supply consists of bank deposits (sometimes called deposit money), ownership of which can be transferred by means of cheques, debit cards, or other forms of money transfer. Deposit money and currency are money in the sense that both are acceptable as a means of payment.
Money in the form of currency has predominated in human civilizations from about 10,000 BCE on. Usually (gold or silver) coins of intrinsic value (commodity money) have been the norm. However, nearly all contemporary money systems are based on fiat money – modern currency has value only by government order (fiat). Usually, the government declares the fiat currency (typically notes and coins issued by the central bank) to be legal tender, making it unlawful to not accept the fiat currency as a means of repayment for all debts, public and private.
This text uses material from Wikipedia, licensed under CC BY-SA
