Tech giant Facebook is targeting a multi-trillion dollar pool of money market fund assets as it seeks to launch its new digital currency, Diem, in the US. Yesterday Facebook announced […]
Governments should use their tax and spend powers to address rising levels of inequality, rather than relying on central banks to help build a fairer society. That’s the message from […]
Many large financial institutions have performed an about-turn in cryptocurrency during the last few years, moving from a position of outright hostility to one of acceptance and even enthusiasm. But […]
By comparison with assets like gold, real estate and government bonds, the advantages of bitcoin as a store of value are that it is electronic, operates on a decentralised blockchain […]
More than five thousand years before European states launched the euro, the region already had a single currency—bronze. According to researchers Nicola Ialongo from Göttingen University and Giancarlo Lago from […]
Political revolutions often go hand-in-hand with revolutions in money. Stores of value change, the way we make payments changes, our attitudes to credit change. According to Rebecca Spang, professor of […]
The biggest crises in financial markets happen when an asset previously assumed to be safe turns out not to be. Investors rush to sell it, they find they can’t get […]
John Kiff, our guest on the latest New Money Review podcast, prefers what he calls the ‘edgy’ areas of finance—from over-the-counter (OTC) derivatives to fintech and cryptocurrency. He also wants […]
Under pressure to reduce the operational risks in the US equity markets, infrastructure providers say they can shorten the time it takes to settle a share trade, but not eliminate […]
The volume of tethers in issue has doubled since the end of 2020 to over $45bn, despite continuing uncertainty over the largest stablecoin’s asset backing. Tether is a cryptocurrency version […]