'Halving' arrives for bitcoin miners
The bitcoin market on Friday engineered the "halving" of the reward for operating the cryptocurrency, a much-anticipated step designed to limit production and boost the digital money.
Apr 20, 2024
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The bitcoin market on Friday engineered the "halving" of the reward for operating the cryptocurrency, a much-anticipated step designed to limit production and boost the digital money.
Apr 20, 2024
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The Taiwan chip giant TSMC has agreed to build a third semiconductor factory in Arizona, raising its total investment in the United States to $65 billion, US officials said Monday.
Apr 8, 2024
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Minnesota cities are asking the Legislature for power to slap internet providers with new fees, an idea they say will lead to more broadband in the state with the added bonus of helping to pay for basic government access ...
Mar 27, 2024
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When President Nayib Bukele announced plans to create the world's first "Bitcoin City," a futuristic metropolis financed by cryptocurrency bonds, American Corbin Keegan packed up his life in Chicago and headed for El Salvador.
Jan 31, 2024
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A lot is happening these days in the Norwegian electricity grid. The Nordic countries are experiencing increasing levels of variability in electricity generation from new wind and solar power plants, combined with decreasing ...
Jan 9, 2024
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An Australian man and a US national have been charged in California with operating a cryptocurrency Ponzi scheme, the Justice Department said Tuesday.
Dec 12, 2023
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Counterfeit Australian identity documents, especially driver's licenses, rank among some of the most frequently listed and sold identity documents on anonymous dark web marketplaces, according to new research from the Center ...
Nov 15, 2023
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The collapse of FTX clearly highlights the importance of being able to evaluate the solvency of cryptocurrency exchanges. Currently, this is only possible to a limited extent. That's why researchers from the Complexity Science ...
Nov 14, 2023
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Privacy is gaining importance in our digital society. There is a strong demand for anonymity and confidentiality of data according to the European General Data Protection Regulation.
Nov 14, 2023
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A 60-mile pedestrian and cycling trail in Arkansas, an electric street sweeper in Oregon and truck parking facilities in Florida don't appear to have much in common—let alone any similarity with a conversion of California ...
Oct 18, 2023
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Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value, and occasionally, a standard of deferred payment.
Nearly all contemporary money systems at the national level are fiat money systems. Fiat money is without value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the national boundaries of the country, for "all debts, public and private". By law, the refusal of a legal tender (offering) extinguishes the debt in the same way acceptance does. Some bullion coins such as the Australian Gold Nugget and American Eagle are legal tender, however, they trade based on the market price of the metal content as a commodity, rather than their legal tender face value (which is usually only a small fraction of their bullion value).
The money supply of a country is usually held to consist of currency (banknotes and coins) and 'deposit money' (the balance held in checking accounts and savings accounts). These demand deposits usually account for a much larger part of the money supply than currency. Deposit money is intangible and exists only in the form of various bank records. Despite being intangible, deposit money still performs the basic functions of money, as checks are generally accepted as a form of payment and as a means of transferring ownership of deposit money.
More generally, the term "price system" is sometimes used to refer to methods using commodity valuation or money accounting systems.
This text uses material from Wikipedia, licensed under CC BY-SA