Fiat Money: What It Is, How It Works, Example, Pros & Cons
What Is Fiat Money? Fiat money is a government-issued currency not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The…
Edward Snowden warns weakening encryption would have dire consequences: ‘Privacy is power.’
LONDON — Undermining encryption systems to give governments access to people’s personal messages would be a “colossal mistake” with fatal consequences, former U.S. whistleblower Edward Snowden has warned. “Privacy is…
Office of the Comptroller of the Currency (OCC) Structure, Powers
What Is the Office of the Comptroller of the Currency? The Office of the Comptroller of the Currency (OCC) is a federal agency that oversees the execution of laws relating…
Aggregate Demand: Formula, Components, and Limitations
What Is Aggregate Demand? Aggregate demand measures the total demand for all finished goods and services produced in an economy. Aggregate demand is the total amount of money exchanged for…
Bitcoin Price Tumbles as Chinese Notices Roil Market
Crypto prices fall as China’s government agencies reiterated a tough stance towards Bitcoin. Prices for Bitcoin (BTCUSD) and other major cryptocurrencies plunged Friday morning after Chinese authorities reiterated their tough…
Oceans Apart: Crypto Regulation in the US and EU
The differences between U.S. and EU approaches to crypto asset regulation are even more complicated than they appear. Please spare a thought for the financial regulators: the American ones, with…
THE PENTAGON’S ARMY OF NERDS
Why the military needs Silicon Valley, now more than ever The pentagon is not the most inviting place for first-time visitors, and it was no different for Chris Lynch. When…
El Salvador Becomes Bitcoin Laboratory as First Nation to Adopt it as Legal Tender
Bitcoin officially became legal tender in El Salvador on Sept. 7, 2021, making it the first country to adopt the currency. The move has turned the Central American country into…