currency

A crypto breakthrough? Western states consider taking digital currency

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A crypto breakthrough? Western states consider taking digital currency

The Wyoming effort also offers a window into some of the forces vying to shape the future of digital money: namely, big retailers and veterans of the commercial banking industry. “We are looking for alternative currencies to compete with the US dollar,” said Zhou Xiaomeng of American CryptoFed, a group backing the Wyoming proposal. American … Read more

How Diem became crypto’s sacrificial lamb

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How Diem became crypto’s sacrificial lamb

Facebook’s digital currency Diem – once seen as a force that could undermine financial stability and competing currencies – is now on life support after it was announced last week that it was Association Behind it are talks with a small Californian bank to sell its assets for around 200 million euros. But the announcement … Read more