Bitcoin and United States Notes

There was once a new currency that allowed for anonymous transactions and was issued in a fixed total amount in order to stabilise its value. However, it was a fiat currency, not pegged to gold or another fixed asset. Not surprisingly this novel currency was highly volatile in value, constantly rising and falling. Its introduction... Continue Reading →

Stablecoins (explained in 10 minutes)

10-minute explainer on Stablecoins by Dave Birch from the Centre for the Study of Financial Innovation There are about $117 billion of various sorts of so-called stablecoin out there - and some serious folk worry about the systemic implications. Not (necessarily) Dave Birch, who acknowledges that there are scams, and that there is a need... Continue Reading →

PayPal’s Bitcoin Strategy Is Not About Bitcoin

Grab a coffee and read Dave Birch’s latest Forbes article - PayPal’s Bitcoin Strategy Is Not About Bitcoin Given that the people who are great supporters of Bitcoin often talk about its key characteristic being that it is person-to-person, uncensorable value transfer you do have to wonder who will be using the new PayPal service that will allow them to pay... Continue Reading →

Future of cryptocurrencies and stablecoins

Bank of England Governor Andrew Bailey on the future of cryptocurrencies and stablecoins On September 3, the Hutchins Center on Fiscal & Monetary Policy at Brookings hosted Andrew Bailey, Governor of the Bank of England, to discuss how these trends are evolving and the growing role of stablecoins, which are cryptocurrencies linked to the price... Continue Reading →

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