Terra, the third-largest stablecoin by market size, is trading at a discount to its dollar peg after heavy investor selling that threatens broader contagion effects. With a market capitalisation of […]
A group of US legislators wants the US Treasury to introduce a fully anonymous digital dollar, countering plans for the central bank to take the responsibility of digitising the national […]
In 2008, a few obscure three-letter financial products—MBS, ABS, CDOs and SIVs—set off the biggest financial crisis in history. Now, could a new alphabet soup of DAOs, NFTs, Dapps, DMMs […]
According to UK prime minister Boris Johnson, Britain and its Western allies will increase the economic pressure on Russia by examining whether more can be done to prevent President Vladimir […]
A recent surge of interest has seen the assets of gold stablecoins pass $1bn in value. But business and disclosure standards in the sector are uneven and patchy. A stablecoin […]
On 28 February the US, EU and UK froze most of the Russian central bank’s $630bn foreign currency reserves, responding to the country’s invasion of Ukraine. In the words of […]
When applying sanctions to Russia’s central bank this week, the Bank for International Settlements (BIS) made a radical departure from the neutral stance it adopted during the second world war. […]
“In the case of Putin we are in this very dangerous place. We have reacted so aggressively and moved so far, so fast that he is personally humiliated under anything […]
Amidst the escalating war in Ukraine, Western countries are seeking to step up sanctions against Russia-linked entities. But sanctions can only be enforced if the dividing line between permitted and […]
Democratic systems are at risk from a reliance on oligarchs’ money flows, says Tom Burgis, an author and journalist at the Financial Times. Burgis is the author of a 2020 […]