Economy
To Fund the Resistance, Berkeley Turns to Cryptocurrency
The city of Berkeley is planning on developing its own cryptocurrency, to fill affordable housing funding gaps left by the federal government.
The camera company Kodak pivoted to KodakCoins; Long Island Iced Tea Corp. started mining bitcoins. Russia’s considering the crypto-ruble; and Venezuela proposed the Petro. It seems like every day, another currency or corporation goes crypto.
Now, liberal U.S. cities are following. This spring, Berkeley, California, might become the first to develop its own digital currency for buying municipal bonds.