But in late September, authorities slashed the value of the new gold-backed currency by more than 40 percent. The ZiG is only ...

Gold-backed digital currency. Lawmakers propose state-wide digital coins fully redeemable in precious metals, offering ...

The US government already owns 203,000 bitcoin worth nearly $21 billion, which it acquired mainly through asset forfeitures.

Fiat currencies are issued and regulated by a country's central bank but are not backed by a commodity like gold. Fiat currency is a type of money that is created by a government and is not backed ...

The idea of a common currency for the BRICS nations that's backed by gold "makes no sense whatsoever," said strategist David Woo. The group of major emerging economies have called for ways to end ...