I was chairing a conference on blockchain and distributed ledgers the other day. The audience were a mixture of start-ups and banks, and the speakers were talking about how they viewed the world of distributed ledger developments. Many of the banks had successfully complete proofs of concept projects and were …
Read More »Even British Airways gets blockchain now
When I fly with British Airways, which I try to avoid these days thanks to the fatuous actions of their lame duck CEO, then I’ll always check out the latest edition of Business Life. It’s their upmarket magazine for business fliers, and usually hits the right note. So imagine my …
Read More »China’s ban on cryptocurrencies is not news
There’s so much rubbish being written about cryptocurrencies, ICOs, blockchain and shared ledgers at the moment that I’m almost tempted to give up on it all. 1 in 10 ICOs is a scam, blockchain is not the same thing as a shared ledger, and no, I can’t tell you if …
Read More »The imperative for self-sovereign identification (get lost Equifax)
I’m making a presentation on cybersecurity this week at our Nordic Finance Innovation meetings. This meant preparing a few new slides from scratch as I don’t have a set deck for cybercrime, and sat and started ideas just as the news dropped about the Equifax breach. You’ll all know about …
Read More »InsurTech’s big ticket items: machine learning on the blockchain
I don’t usually tell people that I’m a qualified expert in insurance as it’s not relevant, but I’m mentioning it today as I just presented at a private insurance event. There are lots of interesting nuances in insurance. You and I probably think it’s just that once a year renewal …
Read More »The History of Bitcoin
Gemuel Franco over at Fried.com shared a great infographic on bitcoin with me, so I thought I should share it with you. Checkout the history below and note that the original exchange rate of 1,309.03 bitcoins to a dollar would now equate to circa $5.5 million. Not a bad investment.
Read More »FinTech and the world of investment banking
Some people talk about FinTech disruption and how payments and banking is being attacked and unbundled by start-ups, but we often look at banking too simplistically. Global banks and investment banks are far more complex creatures than their high street counterparts, which is why we’ve seen far less disruption in …
Read More »Forking hell … the bitcoin split
There are a few exchanges I use for trading cryptocurrencies such as Kraken and Coinbase, so I was interested to receive this email from Coinbase last Friday: Dear Coinbase Customer, We are contacting you to make you aware of recent developments in a number of proposals for technical changes to …
Read More »What happened to the bitcoin bubble?
I was interviewed by UBS’s wealth management team a month ago, when the bitcoin bubble was in full bloom. The price had exploded, tripling in a month. Now that it has burst, the interview seems quite prescient so, here it is … UBS interview with Chris Skinner Cryptocurrencies – digital …
Read More »The crazy world of crypto currencies and ICOs
I’m boarding a flight yesterday and murfing (mobile surfing). Flicking between Facebook apps, twitter, bank account, BBC news and more. Suddenly I spot a new ICO – Initial Coin Offering – for a new bank. From Wikipedia: “An initial coin offering (ICO) is a means of crowdfunding the release of a new cryptocurrency. Generally, tokens …
Read More »Should I buy some bitcoin now?
I’m being asked this a lot as the value of bitcoin and other cryptocurrencies have increased ten-fold in the past few weeks. Good for those who have some. Bemusing for those who don’t. There are a range of factors driving the rise in cryptocurrency prices, particularly the craze for Initial …
Read More »Bitcoin isn’t a currency; it’s a religion
I’ve regularly got into confrontations with digital currency people, especially those who are believers in bitcoin, by saying things they don’t like to hear. First it was my comment that you can’t have money without government. They believe the currency is beyond control because it exists on a global network. …
Read More »Solving state corruption with technology
I try to generally avoid making political commentary on the blog as it’s not appropriate. This is a blog about technology and finance, not the economy and politics. Every now and again the two come together such as with Brexit and Donald Trump. Equally sometimes they cannot be avoided as …
Read More »If you liked it then you should have put a chain on it
I tweeted this the other day, and it got a lot of likes, so I thought I’d make it today’s blog title. We seem to have lost a lot of buzz on blockchain this year, even thought it’s still buzzing away as much as ever before. I recently was talking …
Read More »The largest payments company in the world that most people have never heard of
I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system. That has become one of the top search terms to find my blog, as it turns out, mainly because my blog entries are the first …
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