Changpeng Zhao, the undisputed king of crypto
At parties, on stages and in meetings, Changpeng Zhao is rarely seen without his black polo shirt, emblazoned with the insignia of his crypto firm Binance.
Nov 10, 2022
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Business
At parties, on stages and in meetings, Changpeng Zhao is rarely seen without his black polo shirt, emblazoned with the insignia of his crypto firm Binance.
Nov 10, 2022
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Security
A Ukrainian man has been charged with computer fraud for allegedly infecting millions of computers with malware in a cybercrime operation known as "Raccoon Infostealer," the US Justice Department said Tuesday.
Oct 25, 2022
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Business
Under the headline "Scammers in Paris", an online sleuth known as ZachXBT published a blog in August detailing how a pair of youngsters stole cryptoassets worth millions.
Oct 20, 2022
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Business
Americans want their electricity to be cheap, clean and reliable, but that trifecta is becoming more elusive, thanks to climate change. According to a 2021 report by the nonprofit research organization Climate Central, more ...
Oct 19, 2022
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Automotive
Commercial electric vehicle startup Lordstown Motors says it has slowly started production of its first model, the Endurance pickup.
Sep 29, 2022
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Business
Twitch on Wednesday announced a ban on sites that stream unlicensed roulette, dice, or slots games as the platform is hit with concerns about getting users hooked on gambling.
Sep 21, 2022
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Consumer & Gadgets
In simple terms, digital money can be defined as a form of currency that uses computer networks to make payments. Breathless media coverage of the future potential of cryptocurrencies such as Bitcoin has made digital money ...
Sep 15, 2022
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Business
The Treasury Department is facing pushback from the cryptocurrency industry over sanctions imposed on a firm accused of helping to launder billions of dollars—with some funds going to North Korean hackers.
Aug 26, 2022
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Energy & Green Tech
Earlier today, Prime Minister Anthony Albanese gave his first major climate change speech, touting Australia's future as a renewable superpower and promising Labor's ambitious new renewable target would "unlock $52 billion ...
Jul 12, 2022
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Energy & Green Tech
Transportation is the single biggest source of greenhouse gas emissions in the United States, accounting for about a third of all emissions. We could quickly lower those emissions by electrifying vehicles, but there's just ...
May 12, 2022
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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