According to CoinDesk, the MakerDAO protocol that underlies automated lending on the ethereum blockchain has run out of collateral, threatening its solvency. MakerDAO faces an emergency shutdown with $4 million […]
Governments and big tech firms now observe all our activity online and can both predict and influence our behaviour. But some technologists are fighting back against the assumption that these […]
The UK’s financial regulator, the Financial Conduct Authority (FCA), caused confusion this week by issuing risk warnings against two cryptocurrency exchanges, Kraken and BitMEX, then withdrawing one of them. One […]
The unusual incentives built into the bitcoin network mean that the cryptocurrency inverts the laws of economics: the more people buy bitcoin, the more its price goes down. That’s the […]
Money is undergoing unprecedented change: around the world, we see new ways of paying each other, new stores of value, new ways of recording economic activity and new forms of […]
According to the Tax Justice Network, the US has overtaken Switzerland to take second place in a global ranking of countries most complicit in facilitating illicit financial flows, while the […]
Serious long-term holders of bitcoin want to control the private key that gives them ownership of their coins. In practice, many delegate control to specialist custodians like BitGo, which is […]
In a speech delivered yesterday, Hester Peirce, one of the five commissioners of the Securities and Exchange Commission (SEC), outlined radical new proposals to make the US a friendlier market […]
In our latest podcast, Neil Walsh, the Vienna-based head of the Cybercrime, Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) Department at the United Nations, gives an exclusive interview to […]
Financial fraud makes for terrific stories. ‘When Genius Failed’, ‘The Smartest Guys in the Room’, ‘Devil Take the Hindmost’ and ‘Manias, Panics and Crashes’ are some of the classics of […]