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| Venezuela sets initial digital currency value at US$60 [Caracas] Venezuela on Wednesday set the initial value of a digital currency it created to overcome a liquidity crisis at US$60, but its price will fluctuate based on the oil market, authorities said. The Latin American country - which has the world's largest proven oil reserves but is facing a crippling ...
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| China wants a weaker currency but it's not something they really, really want ... The softer CNY policy was quietly ditched in favour of a stable trade-weighted exchange rate, and unless they now see a sustained appreciation in trade-weighted terms, the currency's value has drifted down the pecking-order. ... China's leaders want a weaker currency but it's not something they really, ...
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| Bitcoin's reach as digital currency is yet to be seen Bitcoin could emerge as the global currency that businesses and individuals hold in their digital wallets and convert to bitcoin-denominated utility tokens. The world would effectively move to a "bitcoin standard" for digital transactions, similar to the global gold standard that was used for more than a ...
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