Cryptocurrency has turned into an inferior version of the money Satoshi Nakamoto set out to replace. In the first bitcoin ‘block’, the cryptocurrency’s creator embedded a message: “The Times 03/Jan/2009 […]
The incredible boom in fintech and crypto banking is eroding long-standing protections for depositors and creating wider systemic risks. Deposit insurance and depositor preference If you deposit money in a […]
How much bitcoin trading takes place in ‘real money’? Not much. Most is hermetically sealed within the crypto ecosystem. Over two thirds of all bitcoin trading activity takes place in […]
Global financial regulators say the operators of digital tokens pegged to fiat currencies—stablecoins—must follow the stringent rules for other important financial infrastructures, such as payment systems, central securities depositories, securities […]
US social media giant Twitter is expanding its Tips feature to include the leading cryptocurrency, bitcoin. Twitter, which has over 200 million users, introduced Tips in May. “We’re making it […]
The combination of finance and technology is driving the biggest change in human history in 500 years, says Viktor Shvets, my guest on this week’s podcast. Shvets, a Hong Kong-based […]
US regulators are cracking down aggressively on the trading platforms that offer mouth-watering dollar-denominated interest rates on loans of crypto assets. On Friday, Coinbase announced that it was discontinuing a […]
International banking business has shrunk since the financial crisis of 2008, reversing a six-decade trend of increasing globalisation, according to new research from the Bank for International Settlements (BIS). In […]
To build an ecologically sound future economy, we need to find a more sustainable system of money. That’s the view of Steve Keen, author, heterodox economist and our guest on […]
The head of the UK financial services regulator has issued a stark warning about the risks facing retail investors in cryptocurrency, saying that social media channels are amplifying the danger. […]