New Money Review

Ethereum fees up tenfold in five months

December 10, 2021 Comments are Disabled

The fees collected by cryptocurrency miners for processing transactions on the ethereum network have rocketed more than tenfold in just five months, according to data firm CryptoCompare. Total monthly fees […]

London launders the world’s dirty money

December 9, 2021 Comments are Disabled

According to the UK government, the country is one of the best in the world at tackling money laundering. Nothing could be further from the truth, says a leading think […]

Russian hackers used bitcoin-powered botnet

December 8, 2021 Comments are Disabled

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 […]

Unstable DeFi could trigger wider crash, warns BIS

December 6, 2021 Comments are Disabled

The booming decentralised finance (‘DeFi’) market suffers from an existential problem, says the Bank for International Settlements (BIS): it isn’t decentralised. Meanwhile, the contagion risks from DeFi to the rest […]

Blockchain: an insider’s paradise

November 24, 2021 Comments are Disabled

The decentralisation inherent in cryptocurrency networks like bitcoin is valuable for its governance benefits, according to Hyun-Song Shin, head of research at the Bank for International Settlements (BIS). But this […]

Central banks will provoke the next financial crisis

November 23, 2021 Comments are Disabled

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 […]

Sweden calls for EU-wide bitcoin mining ban

November 11, 2021 Comments are Disabled

The Swedish government has called for a European Union-wide ban on the mining of energy-intensive cryptocurrencies like bitcoin and ethereum. Bitcoin and ethereum use an energy-intensive computer algorithm called ‘proof-of-work’ […]

Fed says stablecoin risks are growing

November 9, 2021 Comments are Disabled

The US central bank has warned of growing risks in the stablecoin sector. In its half-yearly Financial Stability report, released yesterday, the Federal Reserve said that stablecoins pose a growing […]

Binance CEO disowns smart chain scams

November 5, 2021 Comments are Disabled

Binance chief executive, Changpeng Zhao, has denied responsibility for scams conducted across his exchange’s decentralised finance (DeFi) platform, Binance Smart Chain. In a blog published on 4 November, Zhao said […]

Cryptocurrency—who’s in charge?

November 4, 2021 Comments are Disabled

Cryptocurrency is an experimental technology. But it’s also a $2.5trn market with growing and increasingly complex linkages to the traditional financial system—whether through ETFs, the futures market, central clearing, repo […]

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Other News

Ethereum fees up tenfold in five months

London launders the world’s dirty money

Russian hackers used bitcoin-powered botnet

Unstable DeFi could trigger wider crash, warns BIS

Blockchain: an insider’s paradise

Central banks will provoke the next financial crisis

Sweden calls for EU-wide bitcoin mining ban

Fed says stablecoin risks are growing

Binance CEO disowns smart chain scams

Cryptocurrency—who’s in charge?

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