As the world depends more and more on computers and smart phones, many countries are thinking about making a digital version of their currency. These "digital currencies" could offer many advantages, but they also have a number of downsides.
Posts tagged as “money”
The city of Rotterdam is planning to take apart a famous old bridge so that the world's largest sailboat can be brought through the city, once it's completed. The boat is being built for Jeff Bezos, who owns the company Amazon. Not everyone is happy about the plan.
In an earlier article, NFK looked at a kind of digital money called a cryptocurrency. The article explored the popular cryptocurrency Bitcoin, and how it works. Today, NFK looks at some of the serious problems related to Bitcoin.
Reporters have revealed a massive collection of leaked documents showing how rich and powerful people around the world have been hiding their money and property "offshore" in order to avoid taxes. Many of the people are well-known world leaders.
In recent years, a kind of digital money, called "cryptocurrency" has been getting more and more attention. Many people are excited about the way the money works, and believe cryptocurrencies will become even more popular in the future.
In today's news roundup, a fire at a Rohingya refugee camp in Bangladesh leaves thousands homeless, England honors math genius Alan Turing with a new £50 note, and chimps in the Czech Republic are taking part in daily video calls.
In today's news roundup, China and Russia team up on a moon research station, the world's oldest woman will help carry the Olympic torch, and as its prices keep going up, Venezuela creates its first 1 million bolivar bill.
Among the more unusual news stories recently…breakdancing becomes an Olympic event, a New Zealand company upsets people when it tries to give away money, and some cricket umpires in Australia will now have ads - in their armpits.
The coronavirus pandemic has been hard on most businesses, but airlines have been hit harder than most. Many airlines have been forced to shut down. Those that remain in business are having to get creative.
One of the most unexpected results of the coronavirus pandemic has been a shortage of coins. The situation has gotten so bad in the US, that the supply of coins to banks is being limited.
In today's news roundup, Captain Tom gets a knighthood, a Singapore man wins a radio contest with the help of a singing star, and a family in Virginia finds nearly $1 million in "trash" bags on the road.