By keeping interest rates near zero for over a decade, central banks have created profound economic insecurity and financial fragility. That’s the argument of financial historian Edward Chancellor, guest on […]
How criminals can profit from shared liability BNPL (Buy Now Pay Later) is a type of short-term financing allowing consumers to make purchases and pay at a later date (often […]
How to create a debit card using stolen ID details Tim Yunusov, our intrepid hacking correspondent, shows how easy it is to circumvent technology firms’ ID checks–and to spend money […]
It’s hard to stamp out a bad idea in cryptocurrency. Shortly before the Terra (UST) stablecoin collapsed earlier this month, destroying most of the $50bn once invested in it and […]
Cryptocurrency lender and deposit-taker Celsius Network is under increasing pressure after this month’s rout in stablecoins. As at 06.00 GMT on 27 May, Celsius’s native token $CEL was trading at […]
Amidst the escalating war in Ukraine, Western countries are seeking to step up sanctions against Russia-linked entities. But sanctions can only be enforced if the dividing line between permitted and […]
Democratic systems are at risk from a reliance on oligarchs’ money flows, says Tom Burgis, an author and journalist at the Financial Times. Burgis is the author of a 2020 […]
Decentralised finance (DeFi) resembles the unregulated ‘shadow banking’ whose unruly growth triggered the 2008 financial crisis. And regulators need to move fast to avoid a repeat of the crash, says […]
India’s government said yesterday it plans to launch a digital version of its national currency later this year or in 2023. The country’s finance minister, Nirmala Sitharaman, said in her […]
In the last decade we’ve seen four massive leaks of data from offshore financial centres: the Panama, Paradise and Pandora papers and the FinCEN files. No-one knows who leaked this […]