News Snapshot:
China – China plus bitcoin is a marriage of convenience (The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) NEW YORK – Tech mogul Peter Thiel suggested this week that China might use bitcoin as a “financial weapon” to unseat government-backed currencies in general and the U.S. dollar in particular. The People’s Republic is indeed keen on digital currencies. But bitcoin isn’t its best way to challenge the greenback. In theory, a love child of the yuan and bitcoin could give the dollar a run for its money. China’s currency is a reasonably good store of...
