The unusual incentives built into the bitcoin network mean that the cryptocurrency inverts the laws of economics: the more people buy bitcoin, the more its price goes down. That’s the […]
Avanti, a new crypto-asset bank to be based in US frontier state Wyoming, will take advantage of the state’s potentially revolutionary new legal framework for the custody of clients’ crypto […]
Money is undergoing unprecedented change: around the world, we see new ways of paying each other, new stores of value, new ways of recording economic activity and new forms of […]
According to the Tax Justice Network, the US has overtaken Switzerland to take second place in a global ranking of countries most complicit in facilitating illicit financial flows, while the […]
UK-based cryptocurrency exchange Coinfloor says it’s time for intermediaries selling bitcoin to stop misleading retail investors. According to the exchange’s chief executive, Obi Nwosu, retail investors wanting to experience what […]
Everyone outside the country is expecting the arrival of China’s new sovereign digital currency. President Xi has recently been singing the praises of blockchain technology, the infrastructure for the new […]
Serious long-term holders of bitcoin want to control the private key that gives them ownership of their coins. In practice, many delegate control to specialist custodians like BitGo, which is […]
In a speech delivered yesterday, Hester Peirce, one of the five commissioners of the Securities and Exchange Commission (SEC), outlined radical new proposals to make the US a friendlier market […]
Financial fraud makes for terrific stories. ‘When Genius Failed’, ‘The Smartest Guys in the Room’, ‘Devil Take the Hindmost’ and ‘Manias, Panics and Crashes’ are some of the classics of […]
Bitcoin’s hash rate—the processing power that secures the cryptocurrency’s transaction history—continues to soar and is now up sixfold in two years. Bitcoin miners currently perform an aggregate 123 exahashes (million […]