Category Archives: Uncategorized

xxx She added that Cotten held “sole responsibility for handling the funds and coins,” and the remaining team members have had no luck accessing the exchange’s cold wallets since. From QuadrigaCX Owes Customers $190 Million, Court Filing Shows – CoinDesk. Cold wallets, as I was just reading in a new book “Blockchain and Decentralised Systems”Continue reading “QuadrigaCX Owes Customers $190 Million, Court Filing Shows – CoinDesk”

xxx Celebrated physicist Geoffrey West once observed that cities exhibit superlinear growth, meaning that as a city gets bigger, every person there becomes more productive. However, companies exhibit the opposite trend. Companies are nearly always killed by bureaucracy and administration crowding out creativity and innovation. Because, inside a company, “someone has got to take careContinue reading “POST Standard option”

The governor of the Bank of England, the Canadian ex-Goldman Sachs economist Mr. Mark Carney, recently suggested that digital ID cards “would make it safer for people to access money online”. He is sort-of-correct. We do indeed need to do something to stop the relentless increase in identity-related fraud and scams (such as, for example,Continue reading “Passport to success”

xxx For monetary enthusiasts like myself, it provides a great illustration of the many different functions packaged into the thing we call “money.” These functions needn’t be unified into one object or instrument. They can be split up, so that the instruments that we pass from hand to hand (or from phone to phone), theContinue reading “Moneyness: The Haitian dollar”

xxx Digital ID cards would make it safer for people to access money online, Mark Carney has suggested, as the boom in internet banking and the death of bank branches leads to new types of identification and financial security. The Bank of England Governor raised the idea as a way to harmonise the various different systems ofContinue reading “Digital ID cards could keep online finance safe, says Carney”

xxx The tie-up with R3 will take place over a new gateway, dubbed gpi Link, which is intended to plug third party e-commerce and trade plaforms directly into gpi. From Swift to open gpi gateway to R3 blockchain. xxx

A few years ago I raised the issue of the impact of changing technology on the choices available to those wanting to redesign money in a European context. My main post was that the cost of creating new currencies has collapsed because of the internet, mobile phones and smart chips everywhere. In the context ofContinue reading “Back to the hard e-euro again”

xxx Dubbed ‘Aber’, the new unit of account will be used for financial settlements between the Kingdom and UAE through the use of digital ledger technologies. From Saudi Arabia and UAE explore shared digital currency. xxx

xxx “But some fintech firms say they would be reluctant to invest the time and resources in applying for and maintaining the new OCC fintech license unless the Fed gives them access to the payments system, so they will not have to depend on banks to route money for them. Direct access would eliminate bankContinue reading “Fintech firms want to shake up banking, and that worries the Fed | Reuters”

xxx “Unfortunately, several high-ranking Fed members have recently expressed reticence about letting fintechs in. This concern is somewhat misplaced, and the Fed should seek to open up the payments system.” From “Fed should open the payments system to fintechs | American Banker”. I agree with Brian Knight about this. We need to further separate paymentsContinue reading “Fed should open the payments system to fintechs | American Banker”