The market at the centre of the world’s financial system—repo—is witnessing record popularity. But it’s always prone to collapse, and now cryptocurrencies are joining the fray. The repo market The […]
Cryptocurrencies have recently been in the headlines for their role in laundering the proceeds of cybercrime, such as ransomware. But it’s by means of a much older invention that most […]
Banks holding bitcoin will have to set aside capital to back the full amount of their cryptoasset exposure, under guidelines proposed today by the Basel Committee for Banking Supervision (BCBS). […]
Ten-year US Treasury bond yields could double again from current levels, unsettling stock markets. The V-shaped economic recovery we’ve seen since the coronavirus panic of last March could push US […]
The New York Attorney General (NYAG), Letitia James, today announced an $18.5m settlement of its fraud case against the cryptocurrency exchange Bitfinex and its affiliated entity, stablecoin issuer Tether. The […]
The US/China conflict over the future of money has just moved up a notch. Yesterday, outgoing US president Donald Trump signed an executive order banning US users from accessing eight […]
One has been around for three billion years, the other for only twelve. Yet supporters of the upstart—bitcoin—say it can beat gold as a vehicle for long-term savings. In the […]
Governments are acquiring an increasing share of the overall bitcoin supply after a spate of asset seizures from cyber criminals. In recent days, Chinese authorities have announced the confiscation of […]
Open banking—which allows consumers to link savings, budgeting and faster payments apps with their bank accounts—is leaping ahead in the UK. But consumer protection standards may need to jump to […]
Post-Wirecard, the Bank of England has warned it will impose more stringent regulation on the payments sector in order to ensure the safety of the broader financial system. And, it […]