Regulators are intensifying their efforts to prevent the operators of social networks from launching digital currencies that may subsequently prove hard to dislodge. During the last week, global financial regulators […]
If you want to get regulators onside to launch a new global payments technology, there’s one place in particular where you need to plead your case. It’s Basel in north-west […]
They may not be at war, but relations between the traditional finance and cryptocurrency/blockchain camps have long been marked by mutual suspicion. A year ago, Sibos, which describes itself as […]
If you thought investing in cryptocurrencies was risky, try making them. An estimated 4.3 million bitcoin mining machines around the world now perform around 82 exahashes (million trillion hashes) per […]
China’s central bank head sought last week to head off speculative fever regarding the launch of a new state-backed digital currency. Intense investor interest in China’s financial technology (fintech) sector […]
According to some fintech firms, large banks do have a future. It’s just as a low-value provider of the transaction data that they, the highly rated tech specialists, will exploit. […]
For years, scientists have been battling to build a computer that exploits one of the strangest areas of modern science—quantum physics. Now Google claims to have achieved a breakthrough by […]
Central banks around the world have so far been reticent about issuing their own digital currencies. But there’s one major exception: China, the world’s largest trading nation. Earlier this month, […]
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 […]
Facebook’s new payment initiative, Libra, is already causing discord between policymakers in the UK and those in other European Union countries. Libra, which is heavily backed by Mark Zuckerberg’s social […]