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Diem could slash dollar payment costs

Diem, the Facebook-sponsored digital currency, could be highly disruptive to the US dollar payments infrastructure, say analysts at Bank of America Merrill Lynch (BAML). Earlier this week Diem said it […]

Tether doubles assets since year-end, reaching $45bn

The volume of tethers in issue has doubled since the end of 2020 to over $45bn, despite continuing uncertainty over the largest stablecoin’s asset backing. Tether is a cryptocurrency version […]

Largest crypto exchange moves into US equity trading

Binance, the world’s largest cryptocurrency exchange, is launching tokenised equity trading for its clients, starting with an offering of Tesla shares. The move will permit Binance’s clients to own US […]

Bitcoin arbitrage opportunities and risks

Why is the price of bitcoin for future settlement above the current (‘spot’) price? How are hedge funds trying to arbitrage differences in cryptocurrency funding rates? Why is the largest […]

Echoes of Libor in Coinbase’s bitcoin price-rigging

In an echo of the 2011 Libor scandal, Coinbase’s past manipulation of the bitcoin price impacted a key market benchmark. On Friday the Commodity Futures Trading Commission (CFTC), which regulates […]

Three ways to have anonymous CBDCs

Central Bank Digital Currencies (CBDCs) are on everyone’s agenda.  Nations big and small are studying their advantages and disadvantages, examining retail, wholesale, and hybrid models and even deploying functioning systems. […]