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 […]
According to CoinDesk, the MakerDAO protocol that underlies automated lending on the ethereum blockchain has run out of collateral, threatening its solvency. MakerDAO faces an emergency shutdown with $4 million […]
Domestic payments—those within a single currency area—are becoming faster, easier and safer. But the opposite is true when payments go global. There are six deep-rooted reasons for the opacity, high […]
Crypto-asset custodian BitGo is launching a new service for institutional clients, enabling them to lend out their bitcoin or obtain cash loans for cryptocurrency collateral, the firm announced today. “BitGo […]