Money

Money is any item or data that is accepted as payment for goods and services in the country or any socio-economic context. Fiat currencies are currencies established as primary money in most jurisdictions.

Bitcoin and many other cryptocurrencies are mostly considered as a means of payment and sometimes considered as money in the Internet. However, there are only a few countries that accept it as a legal means of payment (like Japan) and some countries that ban using bitcoin and altcoins.

Is Bitcoin a real money? Is cryptocurrency money? Can Bitcoin be used to earn money? Does Bitcoin mining cost money? Will bitcoin replace money?

These and many other questions covered in the following articles on Coinidol.com:



Another CBDC Coming Soon: Lebanon Seeks to Fight Economic Crisis with Digital Currency
Nov 26, 2020 at 14:34
News
Another CBDC Coming Soon: Lebanon Seeks to Fight Economic Crisis with Digital Currency
The Central bank of Lebanon (BoL) is planning to release its state-backed digital currency known as digital pound. The bank is now the latest financial regulator to embrace the roll out of a central bank digital currency CBDC. The official launch is planned for 2021.
European Union Exploring Digital Euro: Central Bank Seeks Public Feedback
Nov 20, 2020 at 13:42
News
European Union Exploring Digital Euro: Central Bank Seeks Public Feedback
The European Central Bank Governing Council is advancing the work on the possible issuance and circulation of a digital euro, a type of central bank electronic money that would foil cash, not substitute it. Authorities want people to access and use these two types of money together, to offer greater choice and easier access to means of making payments.
Crypto Scammers Use Celebrity Endorsements to Promote Their Schemes, but Some of the Stars Are Actually Into Bitcoin
Nov 18, 2020 at 14:13
News
Crypto Scammers Use Celebrity Endorsements to Promote Their Schemes, but Some of the Stars Are Actually Into Bitcoin
People tend to look up to celebrities. That is why when they set a trend for something, common folks take up the trend almost immediately. For this reason, scammers often use their popularity to look more reliable and attract potential victims.
Bright Future: Will Joe Biden be More Friendly to Cryptocurrency?
Nov 17, 2020 at 09:21
News
Bright Future: Will Joe Biden be More Friendly to Cryptocurrency?
The US cryptocurrency industry has been quite controversial in its growth. The country’s financial watchdogs are mostly being cautious about this new technology. However, as the power in the USA has changed its face, the situation for cryptocurrency might change as well.
Ukrainian Sentenced for Stealing $10 Million Worth of Bitcoin from Microsoft
Nov 10, 2020 at 14:56
News
Ukrainian Sentenced for Stealing $10 Million Worth of Bitcoin from Microsoft
The US District Court in Seattle sentenced a Ukrainian man for stealing around $10 million in cryptocurrency while working as an engineer at Microsoft.
Cryptocurrency Scams Might Rise Amidst Second Wave of COVID-19 Pandemic
Nov 06, 2020 at 13:54
News
Cryptocurrency Scams Might Rise Amidst Second Wave of COVID-19 Pandemic
The outbreak of coronavirus triggered a significant growth of cryptocurrency scams in early 2020. Now, the second wave of the pandemic might trigger another boost of fraudulent activity.
Crypto Debit Cards Could Be the Key to Wide Adoption of Digital Currency
Oct 29, 2020 at 14:33
News
Crypto Debit Cards Could Be the Key to Wide Adoption of Digital Currency
Most people prefer to use cryptocurrency for storing value and profit rather than for making payments and transactions. However, the adoption of crypto cards puts digital currency closer to conventional money.
Bitcoin Cannot Save the Unbanked; CBDCs to the Rescue
Oct 28, 2020 at 13:15
News
Bitcoin Cannot Save the Unbanked; CBDCs to the Rescue
Financial inclusion of the globe’s unbanked population has been a sensitive issue for years. With the introduction of cryptocurrency, there have been speculations about its potential to get all these people aboard international finance. But is it really so?
US Regulators to Define Cryptocurrency as Money to Combat Terrorism Financing
Oct 26, 2020 at 14:32
News
US Regulators to Define Cryptocurrency as Money to Combat Terrorism Financing
The US Federal Reserve Board and Fincen are proposing to extend the definition of money to include cryptocurrency. This move might prove that financial regulators are willing to admit digital money as a payment method while opening up new possibilities for it. On the other hand, this might also mean a strengthening of control.
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