Consumer & Gadgets
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
2
9
Business
The United States is considering issuing a digital dollar, which would be backed by the nation's central bank and could help reinforce the U.S. role as a leader in the world financial system. Several financial institutions, ...
Nov 21, 2022
1
14
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
0
14
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
1
8
Business
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
1
21
Business
US Treasury Secretary Janet Yellen on Thursday called for increased oversight of cryptocurrencies, after President Joe Biden last month green-lit work on creating a digital American dollar.
Apr 7, 2022
1
45
Business
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
1
25
Business
India will introduce a state-backed "digital rupee" and impose a 30 percent tax on profits from virtual currencies, the government announced Tuesday while unveiling the next financial year's budget.
Feb 1, 2022
1
9
Energy & Green Tech
As she walked her dog Luna near her northern Israel town, Elishya Ben Meir collected litter that had been reported through a new app which turns garbage into goods.
Nov 10, 2021
0
9
Security
Law enforcement officials in the U.S. and Europe have arrested 150 people and seized more than $31 million in an international drug trafficking investigation stemming from sales on the darknet, the Justice Department said ...
Oct 26, 2021
0
3
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
