Zimbabwe's capital runs dry as taps cut off for 2M people

The more than 2 million residents of Zimbabwe's capital and surrounding towns are now without water after authorities shut down the city's main treatment plant, raising new fears about disease after a recent cholera outbreak ...

US central bank to study Facebook virtual currency

The US Federal Reserve has created a "working group" that is coordinating with government agencies and other central banks to consider the implications of Facebook's planned virtual currency Libra, chairman Jerome Powell ...

Cyber attacks cost $45 bn in 2018 as ransomware hits hard

An estimated two million cyber attacks in 2018 resulted in more than $45 billion in losses worldwide as local governments struggled to cope with ransomware and other malicious incidents, a study showed Tuesday.

Is Bitcoin the new gold standard or another fiat?

A statistical analysis of volatility in cryptocurrencies has been carried out using a news impact curve. The analysis provides empirical evidence that could help economists decide whether these modern digital currencies are ...

Facebook's Libra might be the best bet for cryptocurrency

Facebook's recent announcement of plans to launch a new digital currency called Libra was met with a skeptical or even alarmed response from lawmakers, regulators and leaders of foreign governments concerned about the impact ...

US Fed to look 'carefully' at Facebook virtual coin Libra

Federal Reserve chairman Jerome Powell said Tuesday the US central bank will be closely scrutinizing Facebook's newly announced cryptocurrency Libra with an eye toward potentially regulating the virtual coin.

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