The major promise of DeFi is decentralisation. But activity is now shifting to a wholly centralised platform. To an outsider, there are many incomprehensible things about the expanding DeFi craze: […]
How China’s digital payments technology will take over the world. Our guest on the latest New Money Review podcast is Rich Turrin, a US citizen based for a decade in […]
Congestion on the ethereum cryptocurrency network has hit record levels, driving per-transaction fees into three figures and rendering many decentralised finance (‘DeFi’) projects unviable. “Just spent $100+ on ETH gas […]
As more details of the RobinHood crisis emerge, it has become clear that the stock-trading app at the centre of the busiest period of trading in Wall Street history was […]
Local currencies can help restore balance in society and it’s time to move away from an economy based on the exploitation of individuals’ personal data. So says Diana Finch, managing […]
The appearance of cryptocurrencies like bitcoin is part of a much bigger trend—the re-emergence of private money as a competitor to state-issued currencies like the dollar, euro, yen or pound. […]
Last year’s high-profile insolvency of German fintech giant Wirecard may be followed by more failures among payment firms and electronic money (e-money) institutions (EMIs), the UK financial markets regulator, the […]
Financial ‘super-app’ Revolut has announced it is applying to become a UK bank. But the fintech firm, which boasts over 12m customers and has a private market valuation of over […]
From billion-pound businesses to sole traders, UK entities large and small are seeking to capitalise on the cryptoasset boom. Last week the UK financial markets regulator, the Financial Conduct Authority […]
Many observers argue that the imminent arrival of central bank digital currency (CBDC) could herald the biggest shake-up to the world’s monetary system for nearly a century. But, say the […]