Facebook wallet for Libra digital coins renamed 'Novi'
Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi" on Tuesday.
May 26, 2020
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Internet
Page 4 - News tagged with currency
Business
Central banks join to study possible digital currencies
Major central banks have joined together to explore whether they should issue digital currencies as the use of cash declines and more people turn to electronic forms of paying.
Jan 21, 2020
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Business
G7 countries seeking common stance on Facebook's Libra
Facebook's controversial plans for a new digital currency will again come under scrutiny of finance officials from Group of Seven economies Thursday, who worry it undermines their hold over the global financial system.
Oct 17, 2019
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Business
Crypto-currencies and criminality: myth or reality?
The recent bust of a worldwide international paedophile ring using Bitcoin payments highlighted one of the key fears surrounding crypto-currencies—their use by criminals.
Nov 3, 2019
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Internet
Nearly 300 arrested in US-Europe dark web drug bust
A multi-continental crackdown has halted a major "dark web" drugs marketplace, with international police arresting 288 suspects and recovering more than 50 million euros ($54.8 million) in cash and virtual currency, Europol ...
May 2, 2023
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Business
Facebook could launch digital wallet this year: report
Facebook is ready to launch a digital wallet that would let users store cryptocurrencies, a senior company executive said in a US media interview Wednesday.
Aug 26, 2021
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Business
Biden orders work to begin on future digital dollar
President Joe Biden on Wednesday ordered government agencies to begin work on creating a digital US dollar, weighing the risks and benefits of a move that could be a game changer for the global financial system.
Mar 9, 2022
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Consumer & Gadgets
Cryptocurrencies are in crisis, but they are not going to disappear
Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s.
Jan 18, 2023
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Business
How a digital pound could work alongside cryptocurrencies
Like many other countries, the UK has developed a plan for a central bank digital currency (CBDC). A digital pound would essentially act like an online form of cash suitable for everyday payments. It would not earn any interest ...
Feb 24, 2023
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Business
Central Bank Digital Currencies will create evolution, not revolution, in international payments systems
Central Bank Digital Currencies (CBDCs) may offer a route towards improving and simplifying the complex ecosystem of international and domestic payments but are not likely to replace established conventional payments systems ...
Jun 9, 2022
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Currency
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
