It’s interesting as I found two studies over the past few days that show Dogecoin and shiba Inu coins are the most popular on the net, beating bitcoin. Both reports were analysing Google Trends for searches, not acutally buying or use of crypto. Even so, the reports prove to be interesting. The first report –…
Having spent the last decade saying that cryptocurrencies were rubbish (bankers) or the future (libertarians), I really enjoyed this new report from Thomson Reuters (which you can download for free here if you register). Therefore, thought I’d post the summary and tease you to clickthrough … SPECIAL REPORT: Cryptos on the rise 2022 — a…
I just spotted a spoof story on The Onion which, if you’re not aware, is a humour website of news stories. Their latest one: Study Finds Processing Power Wasted Mining Bitcoin Only Thing Preventing Sentient Computers From Wiping Out Humanity It made me laugh but, at the same time, made me think. Is bitcoin that…
I was reminded the other day of a quote by Ronald Reagan: “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” He said this in the 1980s about the government’s view of the economy, but let’s apply it to cryptocurrencies. Initially irrelevant but now mainstream, many…
I haven’t written much about Facebook’s digital currency Diem, as there’s not much to write about. A dead duck from day one, it would never succeed. I said so back when it launched in 2019: The bottom-line is that Facebook may have developed a stablecoin using blockchain to enable global payments within Messenger, Instagram and…
This BBC article … The remarkable items that have been used as currency … got me thinking about tokenisation. The article discusses the use of shells, specifically the seasnail shell called a cowrie, and how it became a global currency by around 1200BC. Although the cowrie is mainly found in the Indian and Pacific Oceans,…
If you didn’t notice, there’s been an interesting thing going on State-side about crypto. It all started off with the 2022 Superbowl (well done the Rams and commiserations to the Bengals), where crypto ads were more present than any other ads. Despite the hype, none of the cryptocurrency commercials at the big game made any…
The Federal Reserve issued a paper about stablecoins at the end of January. There’s lots of good content there, but I particularly liked the way in which they opened the discussion which I have copied here (for full report click here). The basics of stablecoins Stablecoins are digital currencies recorded on distributed ledger technologies (DLTs),…
South Park recently did a great skit on NFTs, and one line really resonated with me: The reason the line works so well is that money and finance, markets and companies, countries and laws, are all about beliefs. That’s the basic underlying fundamental. If you believe this contract with this currency authorised by this government…
