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How the internet went wrong

“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

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

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?

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

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

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 […]