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| Federal Reserve starting to think about its own digital currency, Dudley says As the price of the cryptocurrency continues to soar, the Federal Reserve apparently is giving thought to having a product like bitcoin for its own. William Dudley, president and CEO of the Federal Reserve Bank of New York, said at a conference Wednesday that the Fed is exploring the idea of its own ...
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| AP Explains: What is bitcoin? A look at the digital currency FILE - In this Monday, April 7, 2014 file photo, Bitcoin logos are displayed at the Inside Bitcoins conference and trade show, in New York. The price of bitcoin, the most widely used virtual currency, rose above $10,000 on Wednesday, Nov. 29, 2017 for the first time, breaking a symbolic threshold in what ...
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| The Plastic Bank: Using Plastic Refuse To Create A Global Currency For The Poor A new platform for the indigent using blockchain technology, a "plastic offset" program, an audience with the Vatican: The Plastic Bank continues on its quest to create a currency for the world's poor using, as its name suggests, plastic. The company, formed in 2013, pays people to collect plastic waste ...
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| Cost of hard currency in Zimbabwe tumbles as optimism takes root Zimbabwe doesn't have its own currency, with the government adopting a basket of foreign currencies including the US dollar and South African rand as legal tender in 2009 after hyperinflation rendered the local dollar worthless. A bond note is an instrument issued by the central bank that is, in theory, ...
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| Dudley: Fed is starting to think about its own digital currency Instead of creating a new, decentralized currency, the blockchain will allow governments to track and tax every dollar transaction automatically. On Bitcoin, Dudley said it is no rival for dollar, and "it's really more of a speculative activity." More broadly, he said that financial markets are 'pretty buoyant', ...
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| Bitcoin and digital currencies/Working with the disabled Bitcoins, and their cousins Ethereum, Litecoin and others, are a form of digital currency used for "peer-to-peer" monetary transactions that take place online. The concept of e-cash was introduced in 1981 by cryptographer David Chaum to facilitate anonymous transactions; by the 2010's, users were ...
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| Wells Fargo Currency Traders Found to Be Overcharging Customers to Fatten Bonuses Currency traders at Wells Fargo routinely overcharged foreign exchange customers in order to meet bonus incentives based on how much revenue they were able to pull in, according to the Wall Street Journal. In fact, after an internal review, it was found out of roughly 300 fee agreements, only 35 ...
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