Better-regulated digital money tokens are the real threat to the financial system. Last week’s Terra ($UST) collapse was hardly surprising: backed by little but hot air and an online cult, […]
Contagion from the stablecoin collapse that started on Monday with Terra is now affecting the largest dollar token, Tether, hitting the broader cryptocurrency markets. At 07.00 UTC on Thursday 12 […]
Terra, the third-largest stablecoin by market size, is trading at a discount to its dollar peg after heavy investor selling that threatens broader contagion effects. With a market capitalisation of […]
A group of US legislators wants the US Treasury to introduce a fully anonymous digital dollar, countering plans for the central bank to take the responsibility of digitising the national […]
According to UK prime minister Boris Johnson, Britain and its Western allies will increase the economic pressure on Russia by examining whether more can be done to prevent President Vladimir […]
On 28 February the US, EU and UK froze most of the Russian central bank’s $630bn foreign currency reserves, responding to the country’s invasion of Ukraine. In the words of […]
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 […]
Over the last decade India has undertaken arguably the most ambitious digitisation programme of any country in the world. Its so-called ‘India stack’—a public digital infrastructure that allows governments, businesses, […]
Cryptocurrency exchange Binance today regained access to the UK’s Faster Payments system, which enables 24/7 real-time sterling payments of up to £1m. Binance is using UK-based electronic money institution Paysafe […]
Last week’s $320m Wormhole hack raises serious questions about contagion risks between crypto and the broader financial markets. $320m of disappearing ether On February 2, an attacker exploited faulty code […]