Stablecoins—digital money backed by assets of stable value—are in vogue. But for a stablecoin to function, its users have to trust in its backing. And history is full of examples […]
For its promoters, it overcomes unfair restrictions on access to the world’s banking system. For critics, it’s the engine of a massive, system-wide fraud. All eyes are on tether, the […]
Banks should get into the lucrative cryptocurrency custody business soon or risk failing to exploit a key competitive advantage, say Boston Consulting Group (BCG) and law firm White & Case […]
When you place money on deposit you expect to get it back. Many people say that’s the original concept of banking: you pass your funds across a desk into safe […]
Serious long-term holders of bitcoin want to control the private key that gives them ownership of their coins. In practice, many delegate control to specialist custodians like BitGo, which is […]
Ransomware attacks involving cryptocurrency are on the rise, and a new London lawsuit illustrates how the hackers are seeking to launder their ill-gotten gains. Lawyers say the case is a […]
The battle between New York state prosecutors and the operators of tether, the world’s largest ‘stablecoin’, shows no sign of dying down. In a brief filed on 4 December with […]
Financial index data help drive the revenues of many stock and futures exchanges. But calculating an index from market inputs, apparently a straightforward activity, can still be a risky one. […]
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 […]
Is tether a fraud or a threat to the hegemony of the US dollar? Nothing better illustrates the clash between traditional finance and the new world of cryptocurrencies than tether, […]