A few weeks ago the Royal Canadian Mint rolled out MintChip, a digital currency that is “better than cash.” It isn’t an alternative currency in that it’s a digital representation of the sovereign currency — the Canadian dollar.

(U//FOUO) Bitcoin – A decentralized, peer-to-peer (P2P) network-based virtual currency – provides a venue for individuals to generate, transfer, launder, and steal illicit funds with some anonymity. Bitcoin offers many of the same challenges associated with other virtual currencies, such as WebMoney, and adds unique complexities for investigators because of its decentralized nature.

First They decided to get rid of pennies, no the Canadian Mint looks to completely digital currency.

It's the end of the line for Canada's humble penny. The government has decided the lowest denomination coin is more trouble than it's worth, so the Royal Canadian Mint will stop distributing the penny this fall. "It costs taxpayers a penny-and-a-half every time we make one. We will, therefore, stop making them.", said Finance Minister Jim Flaherty.

Federal Reserve officials are considering a new type of quantitative easing that will allegedly attempt to boost the economy without accelerating inflation. Under the new approach, the Fed would print new money to buy long-term mortgage or Treasury bonds but effectively tie up that money by borrowing it back for short periods at low rates. And if you believe that will work, I've got a bridge to nowhere I think you'll be very interested in purchasing...

Eric Schmidt compliments bitcoin, saying it is "a great idea". He also reveals that Google was working on a currency of their own which they were going to call Google Bucks. Eric says Google stopped work on their own currency because of legal issues.

Corrected data illustrates massive inflation, and possible true motivations of the founding fathers?

The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.

Can Bitcoin Survive? Is It Legal?

Bitcoin – the online currency used to buy Alpaca wool socks and illegal drugs whose value dropped from $17.50 to “pennies” after a June 19 hack into its currency exchanger, Mt.Gox –has gotten plenty of media attention. But unless consumers and merchants can be persuaded that adopting it will make them better off, it’s likely to go the way of other online currencies.

FBI raids Chuck E. Cheese over GAME TOKENS, insisting that they constitute counterfeiting.