Last week’s dramatic price decline across the cryptocurrency market has reignited an old debate—are networks like bitcoin inherently ungovernable? The fork forks again On November 15 bitcoin cash (BCH), itself […]
Dystopian visions Bit by bit, the optimism of the early internet era has dissipated, replaced by widespread fear over a dystopian future. Valuable personal information is exposed unwittingly and carelessly […]
Money, identity and privacy are all linked. But these concepts are constantly changing in the face of new technology. Should money be anonymous or tied to the identity of the […]
In theory, decentralised ledgers could help revolutionise the global capital-raising process, disrupting the share and bond markets in the same way that bitcoin promises an alternative to central bank-issued money. […]
Global policymakers are struggling to achieve a consistent approach to defining and regulating cryptocurrencies. A new report from the UK government illustrates the problem in microcosm. On October 29 the […]
“‘Blockchain’ and ‘distributed ledger technology’ (DLT) have become almost meaningless buzzwords that are mainly used for marketing and PR purposes,” say the authors of a new Cambridge University study. Given […]
Although the world’s payment and financial settlement networks are rarely in the news, whoever controls them has enormous economic and political power. As an example, the fact that US dollar […]
Ten years after the failure of Lehman Brothers, the conventional narrative is that the bank failed because of the US real estate bubble and the collapse in the market for […]
Settlement of securities trades matters. The world’s market for shares and bonds is now worth $150trn, almost double the $90trn global money supply. The keeping of accurate accounts of securities […]
Bitcoin tracker funds threaten a clash by bringing together two fundamentally incompatible financial systems, says one former investment banker. Bitcoin exchange-traded funds (ETFs) are still on the drawing board: as […]