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Default: why sovereign debt matters

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When, why and how do countries go bust? That’s the topic of the latest New Money Review podcast, where I’m joined by Greg Makoff, a former physicist, banker, government advisor […]

“We’ll Revolut that to you”

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If there’s one country where Revolut is an indispensable part of the payments landscape, it’s the Republic of Ireland. But Revolut’s Irish success comes at the expense of uncertainty regarding […]

How the internet went wrong

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“Competition is for losers,” Paypal founder, early Facebook investor and bitcoin enthusiast Peter Thiel once said. But now the monopoly power of the big tech firms has outgrown even Thiel’s […]

Russian hackers used bitcoin-powered botnet

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A Russian hacking group made clever use of bitcoin to prevent law enforcement bodies from impeding its operations, Google has alleged. In a civil case filed on December 2 in […]

Central banks will provoke the next financial crisis

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A central bank policy mistake is likely to cause the next financial crisis, says Dan Awrey, my guest on the latest episode of the New Money Review podcast. “The combination […]

Why does bitcoin cost more in the future?

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Last year commodity giant Glencore pocketed $1.3bn through a clever trade it made when oil prices briefly went negative. Amidst the coronavirus shock to global trade flows, tankers idled, crude […]

Stablecoin design is difficult and dangerous

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Too strict a reserve policy makes asset-backed money of limited use. But too lax a policy may be the first step on a slippery path to destruction. Since US President […]

UK regulator follows up anti-crypto threat

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A year after it threatened to ban the sale to retail clients of contracts based on bitcoin and other cryptoassets, the UK’s financial markets regulator has put its words into […]

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