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 […]
India’s supreme court has struck down a two-year ban on cryptocurrency use in the country, boosting the prospects for adoption of virtual currencies in the world’s second most populous state. […]
Avanti, a new crypto-asset bank to be based in US frontier state Wyoming, will take advantage of the state’s potentially revolutionary new legal framework for the custody of clients’ crypto […]
UK-based cryptocurrency exchange Coinfloor says it’s time for intermediaries selling bitcoin to stop misleading retail investors. According to the exchange’s chief executive, Obi Nwosu, retail investors wanting to experience what […]
Serious long-term holders of bitcoin want to control the private key that gives them ownership of their coins. In practice, many delegate control to specialist custodians like BitGo, which is […]
Ransomware attacks involving cryptocurrency are on the rise, and a new London lawsuit illustrates how the hackers are seeking to launder their ill-gotten gains. Lawyers say the case is a […]
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 […]
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 […]
Last week the general manager of the Bank for International Settlements (BIS), Agustín Carstens, made a spirited defence of central banks’ role in the global monetary system. “The monetary and […]