Last year’s PlusToken scam involved a clever combination of technology, fraudulent promises and viral marketing. The theft deprived its 3 million victims, mostly based in Asia, of over $2bn. But […]
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 […]
Tether, the stablecoin issuer, is expanding its product range with the launch of a new digital token representing a troy ounce of gold. The token, called Tether Gold (XAUT), will […]
Emerging markets are at the forefront of the race to develop central bank digital currencies (CBDCs), and all eyes are on China. That’s the main conclusion of a new Bank […]
US cyberspies fly to the UK to try to stop Britain signing a new deal with Huawei. The US threatens to cut off Iraq from the global financial infrastructure. A […]
A December incident at the frontier between traditional money and cryptocurrency highlights tensions over access to the global financial system. Just before Christmas, a cryptocurrency investor and twitter user called […]
The global financial infrastructure—a complex network of technical systems provided by central banks, exchanges, clearing houses and securities depositaries—supports trillions of dollars of trading a year and underlies almost all […]
The battle between New York state prosecutors and the operators of tether, the world’s largest ‘stablecoin’, shows no sign of dying down. In a brief filed on 4 December with […]
Asset manager WisdomTree has shaken up Europe’s cryptocurrency tracker market with the launch of a new bitcoin product that undercuts competitors by more than half. On December 3, WisdomTree listed […]
There’s a country out there that’s invisible to most of us. It’s called Moneyland. This country doesn’t discriminate against outsiders. It’s open to anyone, so long as they can afford […]
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