Although the world’s payment and financial settlement networks are rarely in the news, whoever controls them has enormous economic and political power. As an example, the fact that US dollar […]
Ten years after the failure of Lehman Brothers, the conventional narrative is that the bank failed because of the US real estate bubble and the collapse in the market for […]
Settlement of securities trades matters. The world’s market for shares and bonds is now worth $150trn, almost double the $90trn global money supply. The keeping of accurate accounts of securities […]
Bitcoin tracker funds threaten a clash by bringing together two fundamentally incompatible financial systems, says one former investment banker. Bitcoin exchange-traded funds (ETFs) are still on the drawing board: as […]
Some technologies fade away and are replaced: typewriters, punch card computers and VHS tapes are now obsolete. But in payments, new technologies may need to build on old ones, says […]
Pavol Rusnak, chief technologist at cryptocurrency storage device provider Trezor, discusses security and his firm’s business philosophy in an exclusive interview. The private key to a cryptocurrency confers ownership of […]
The Bank for International Settlements (BIS) has warned that cryptocurrencies such as bitcoin are a poor substitute for money issued by central banks. The Basel-based BIS, an international financial institution […]
A reported new US Department of Justice (DoJ) probe into market manipulation at cryptocurrency exchanges has teeth, says one lawyer specialising in the regulation of new financial technologies. On May 24 […]
A major discovery by Satoshi Nakamoto, the inventor of bitcoin, was that you could ally game theory with computer science and cryptography and achieve a self-sustaining financial network. But there’s […]
A fierce debate over the optimal size of bitcoin blocks may have led to a schism amongst early adopters of the cryptocurrency. But the more efficient usage of block space […]