‘The Future of Money’: book review City Talk Are cryptocurrencies the next big investment, a fad or a currency that will transform the economic and financial landscape? What are some of the advantages and shortcomings of digital currencies? Who will benefit from them? Eswar S. Prasad attempts to address these questions in The Future of Money: How the Digital Revolution Is Transforming Currencies [...]
Abrdn snaps up stake in London crypto startup Archax Blockchain Scottish asset manager Abrdn has bought a stake in the UK’s first regulated crypto trader Archax in a major vote of confidence in blockchain technologies and cryptocurrencies. The acquisition, for an undisclosed sum, will see Abrdn become the crypto startup’s largest external shareholder, the crypto firm said in a statement. Launched in 2018, Archax is [...]
DeFi-ing the rules: five opportunities and five risks of decentralised finance City Talk In the Star Wars universe, the Force is a mystic energy field generated by living beings that binds the galaxy together. The ability to wield the Force gives Jedi Knights their superhuman abilities, making them peacekeepers of the galaxy. But how powerful would the Jedi be if every ‘transaction’ that used the Force had to [...]
Saturday Spotlight: Nigeria and China speed ahead of UK in digital money race April 9, 2022 A new index charting the readiness and adoption of central bank digital currencies (CBDC) has seen Nigeria top the ranking with the e-Naira, launched in October 2021. Nigeria’s lead is closely followed by other early CBDC adopters, the Bahamas, Mainland China, Jamaica and Eastern Caribbean. The findings, from the PwC Global CBDC Index, capture the [...]
Manchester United sign blockchain platform Tezos as training kit sponsor February 10, 2022 Manchester United have confirmed a training kit sponsorship deal with blockchain platform Tezos. The multi-year agreement is believed to be worth more than £20m a season, representing an increase on their previous contract with insurer Aon. It will Tezos appear on the training kit worn by both United’s men’s and women’s team, starting immediately. “This [...]
Is the future of our financial system DeFi? February 3, 2022 If Bitcoin is the Book of Genesis in crypto’s historical record, then DeFi (decentralised finance) might as well be the New Testament. Not a big religion buff? That’s ok – we’ve put together a way more detailed explanation about DeFi and its key components. While having knowledge of the broader cryptoasset market is key, DeFi [...]
How can the blockchain help tackle climate change? February 1, 2022 When you think of all the use cases for blockchain technology, solving the existential threat that is climate change is probably not one of them. If anything, crypto has had to play defence in 2021 when it comes to environmental issues, as big questions have been posed about the industry’s energy consumption and sustainability. Well, [...]
State news agency Xinhua releases NFTs amid China crypto crackdown December 22, 2021 Chinese state media agency Xinhua has announced plans to launch a line of NFTs despite a stringent nation wide crypto ban.
Producer of The Irishman backs NFT’s first step into Hollywood December 1, 2021 Production company NFT Studios announced “the first-ever Hollywood feature film to be fully funded” by “non-fungible tokens”, with Niels Juul, the exec producer behind Martin Scorsese’s The Irishman, as the founder. The production company is the first in its kind to fund a series of movies entirely through NFTs, which are ways of owning the [...]
Adidas partners with Coinbase amid metaverse push November 25, 2021 Global fashion brand Adidas has announced a partnership with Nasdaq-listed crypto exchange Coinbase amid a push into the Metaverse.