The major promise of DeFi is decentralisation. But activity is now shifting to a wholly centralised platform. To an outsider, there are many incomprehensible things about the expanding DeFi craze: […]
Stablecoins—digital money backed by assets of stable value—are in vogue. But for a stablecoin to function, its users have to trust in its backing. And history is full of examples […]
How China’s digital payments technology will take over the world. Our guest on the latest New Money Review podcast is Rich Turrin, a US citizen based for a decade in […]
The warnings of the man who popularised index investing have proved eerily prescient. Jack Bogle, late founder of the world’s second-biggest asset manager, Vanguard, was notoriously opposed to exchange-traded funds […]
Far from being a problem, bitcoin’s electricity consumption is healthy. In fact, making an explicit link between energy and money would help promote sustainable economic development, says Andrew Webber, founder […]
Slowly but surely, an alternative financial infrastructure is being built, promising a cheaper, more efficient, stable and transparent way of lending and borrowing, issuing securities and managing money. If that […]
As more details of the RobinHood crisis emerge, it has become clear that the stock-trading app at the centre of the busiest period of trading in Wall Street history was […]
Local currencies can help restore balance in society and it’s time to move away from an economy based on the exploitation of individuals’ personal data. So says Diana Finch, managing […]
The appearance of cryptocurrencies like bitcoin is part of a much bigger trend—the re-emergence of private money as a competitor to state-issued currencies like the dollar, euro, yen or pound. […]
Financial ‘super-app’ Revolut has announced it is applying to become a UK bank. But the fintech firm, which boasts over 12m customers and has a private market valuation of over […]