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 […]
US authorities are seeking to rein in the financial stability risks created by the runaway growth of the stablecoin market, according to a new report released yesterday. Stablecoins are digital […]
Robinhood’s infatuation with crypto was short and sweet, if last night’s corporate earnings report is anything to go by. Robinhood shares fall below July IPO price The trading app’s revenue […]
The market at the centre of the world’s financial system—repo—is witnessing record popularity. But it’s always prone to collapse, and now cryptocurrencies are joining the fray. The repo market The […]
Stablecoins—digital currencies pegged to existing money, like the dollar, euro, pound or gold—are the hottest topic in finance. From crypto-market dollars like Tether and Circle to Facebook’s Diem project and […]
Cryptocurrency has turned into an inferior version of the money Satoshi Nakamoto set out to replace. In the first bitcoin ‘block’, the cryptocurrency’s creator embedded a message: “The Times 03/Jan/2009 […]
The incredible boom in fintech and crypto banking is eroding long-standing protections for depositors and creating wider systemic risks. Deposit insurance and depositor preference If you deposit money in a […]
How much bitcoin trading takes place in ‘real money’? Not much. Most is hermetically sealed within the crypto ecosystem. Over two thirds of all bitcoin trading activity takes place in […]
Global financial regulators say the operators of digital tokens pegged to fiat currencies—stablecoins—must follow the stringent rules for other important financial infrastructures, such as payment systems, central securities depositories, securities […]
“We’ve never been so busy,” says Nick Furneaux, a digital forensic investigator who specialises in cryptocurrency crime. Furneaux, our guest on the latest New Money Review podcast, works with law […]