The United States’ position at the centre of global financial system is at risk because of the country’s ageing money infrastructure, according to a former government insider. “We must future-proof […]
The rate of spread of coronavirus through the human population may be slowing, but the pandemic seems well on the way to claiming another permanent victim: physical cash. That seems […]
If money is ‘the most successful story ever invented by humans’, as Israeli historian Yuval Harari tells us, then the narrative is about to take a fantastical turn. That’s my […]
Social network Telegram is abandoning its plans to launch a new blockchain, the firm announced yesterday in a blogpost from its chief executive, Pavel Durov. Together with the recent decision […]
The ongoing revolution in payments merits everyone’s attention. That’s because it’s not just a question of winners and losers in the battle over payment technology or the societal impact of […]
Today’s dramatic collapse in the oil price is the latest confirmation of an economic slump that central banks and governments appear powerless to halt. Benchmark oil prices, measured by the […]
In an updated version of its white paper, released today, the Libra Association says it is scaling back its initial plans for a global payments medium and instead focusing on […]
Central banks may need to provide further emergency support to the non-bank financial system, the Bank for International Settlements (BIS) warned in an article published in the Financial Times on […]
Leveraged trading platforms played a big part in driving last week’s price collapse in bitcoin and ethereum, says a cryptocurrency fund manager. On March 12th bitcoin dropped from $7,800 to […]
The UK’s central bank has called for public input regarding the design of a new national digital currency amidst what it calls a revolution in payments. In a discussion paper […]
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