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Bitcoin Isn't Currency, Can't Replace Dollar, Says Incoming New York Fed Chief Bitcoin and other cryptocurrencies cannot replace the U.S. dollar because they fail the basic test of what a currency should be. That's what John Williams, the incoming head of the Federal Reserve Bank of New York, insists. "Cryptocurrency doesn't pass the basic test of what a currency should be," ...
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Delhi Police Busts Bitcoin-Virtual Currency Racket; 2 Arrested New Delhi, April 21: The Special Cell of Delhi Police on Saturday busted a Bitcoin-virtual currency racket and arrested two people for allegedly duping people, a news agency ANI reported. The two accused were identified as Deepak Jangra and Deepak Malhotra. They allegedly launched a fraudulent ...
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Foreign Currency Shortages Hamper Cooking Oil Production Zimbabwe's manufacturing sector is languishing under the prevailing acute cash and foreign currency shortages. The cooking oil industry is one industry that is fighting for its survival. The industry is teetering on the brink of collapse since foreign currency shortages became rampant. Busisa Moyo, Oil ...
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