A Chinese digital currency is the real threat, not Facebook’s Libra | Kenneth Rogoff

Western governments need to start thinking about their response to currencies they cannot controlThe Facebook chief executive, Mark Zuckerberg, was at least half right when he recently told Congress that there was no US monopoly on regulation of next-g…

Read more

Bitcoin price falls below $10,000 as lift from Facebook’s Libra fades

Cryptocurrency climbed to nearly $14,000 on news social network was launching rivalThe price of bitcoin has fallen back below $10,000, down 30% from last week’s peak of nearly $14,000.Continuing its wild ride, the digital currency dropped to $9,717 on …

Read more