Last week, France’s finance minister slammed Libra, Facebook’s proposed payments coin, for encroaching on a key area of national power. Bruno Le Maire said his country would block the development […]
What do Wikipedia—an online encyclopedia—and bitcoin—internet money—have in common? Both are open-source projects. This type of initiative is playing an increasingly powerful role in many areas of life. Open-source networks […]
Hardly at all, then at once—the tectonic plates of the global monetary system are shifting. Mark Carney, the outgoing Bank of England governor, yesterday shocked the traditionally staid annual August […]
The UK regulator says it wants to stop the sale of bitcoin derivatives to the general public. The proposed ban is too broad, unfair and will be ineffective, say critics. […]
At the end of a week in which Facebook announced a major new payments project and the UK’s central bank said it would allow more non-banks into the core of […]
Our guest on the latest New Money Review podcast is Andreas Antonopoulos, a computer scientist, author and public speaker. He made a flying visit to London last week and New […]
Cryptocurrency networks are intensely political. But it’s often fiendishly hard to work out how those politics operate. Who made the decision to split the ethereum network in 2016, or to […]
One intriguing aspect of bitcoin is the way it makes explicit the cost of running a monetary system. Bitcoin mining requires a lot of energy: nearly as much as Switzerland, […]
Money in the traditional financial system is highly segmented, depending on its form and user. Can new digital currencies avoid going down the same road? Coins and banknotes, deposits at […]
Like a current, money flows, it circulates, it’s liquid. In fact, English law regards currency as one of the key attributes of money. But should new, virtual forms of money […]