On Friday night the USDC stablecoin fell to 10 percent below its $1 per share target value. On Saturday, the stablecoin’s issuer said it would continue to redeem USDC at […]
Yesterday’s decision by California’s banking regulator to shut Silicon Valley bank after a $42bn run by depositors, the second-largest bank failure in US history, threatens far-reaching consequences. One of its […]
US regulators are cracking down aggressively on the trading platforms that offer mouth-watering dollar-denominated interest rates on loans of crypto assets. On Friday, Coinbase announced that it was discontinuing a […]
The public needs protection from the Wild West land grab that’s now going on in money, says Rohan Grey, my guest on the latest episode of the New Money Review […]
The UK’s central bank is preparing for a once-in-a-lifetime reordering of the monetary system as a result of the arrival of new forms of digital money. In a discussion paper […]
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 […]
The US government is turning to stablecoins—transferable digital tokens backed by fiat currency—as a way of speeding up its notoriously slow domestic payments system. Earlier this week the Office of […]
While millions of pre-paid card users have seen their funds frozen as a result of the Wirecard scandal, some using cryptocurrency-based debit cards have been able to retain access to […]
Entrepreneurs are competing in an intensifying race to design the future standards for the transmission of money. Gauge war The western English town of Gloucester was once the frontline of […]
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 […]