Yesterday I wrote a post on Twitter saying that clients of crypto exchange Kraken didn’t have much of a case for compensation after Monday’s flash crash in ethereum. During the […]
The New York Attorney General (NYAG), Letitia James, today announced an $18.5m settlement of its fraud case against the cryptocurrency exchange Bitfinex and its affiliated entity, stablecoin issuer Tether. The […]
Yesterday’s price crash revealed large dislocations in the market for the second-largest cryptocurrency, ethereum. Although cryptocurrencies can be traded around the world 24/7, there is no single market for the […]
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 […]
Doubts remain about the leading cryptocurrency’s long-term viability. Bitcoin miners—the computers securing the network and keeping a record of transactions—rely on two sources of income: the block reward and the […]
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 […]
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 […]
Congestion on the ethereum cryptocurrency network has hit record levels, driving per-transaction fees into three figures and rendering many decentralised finance (‘DeFi’) projects unviable. “Just spent $100+ on ETH gas […]
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