Opinion

Opinion

Why Bitcoin Will Take a Long Time to Dethrone the Dollar

If history is a guide, the dollar's reserve currency status can withstand a lot of bad policymaking. Bitcoin may rise, but it could take a while.

Markets  ·  29 June 2020
Travel Rule

Is the Travel Rule Good or Bad for Crypto? Both

A new international rule requiring digital asset operators to report transactions could spilt the crypto industry in two, argue two researchers.

Policy & regulation  ·  27 June 2020
Newsletters

Money Reimagined: Crypto’s Diversity Problem

Technology on its own doesn't ensure inclusion. People do. There’s nothing intrinsically fair about a blockchain.

People  ·  26 June 2020
Opinion

Where the NY Fed ‘Bitcoin Is Not New’ Blog Goes Wrong

A recent post categorizing Bitcoin as just another fiat currency uses some strange definitions of money, our columnist writes.

Policy & regulation  ·  24 June 2020
DeFi

DeFi Protocols Should Act More Like Fiduciaries

Open protocols can help reform the financial system, says our columnist. But they need to come with safeguards consumers understand.

Markets  ·  23 June 2020
Hong Kong

The Tokenization Revolution Starts With Gold

Gold is a traditional safe harbor in a crisis and the blockchain-based version is a good way to start taking advantage of tokenization.

Markets  ·  22 June 2020
Custody

How Public Key Infrastructure Will Revolutionize Custody and Fund Management

The widespread use of public/private key pairs will change how assets are held and funds are managed.

Markets  ·  20 June 2020
Ethereum

Money Reimagined: Ethereum’s Renaissance Creates an Opportunity – And a Major Test

With DeFi and ETH-backed stablecoins booming, and the ETH 2.0 scaling upgrade imminent, the Ethereum community is gaining near-unstoppable momentum.

Markets  ·  19 June 2020
Censorship

Tearing Down Monuments Isn’t Censorship – It’s Speech

Removing monuments to fit the values of the day is not censorship. It is an act of speech in and of itself, says our columnist.

People  ·  18 June 2020
Opinion

The New York Times Proves Why Civil’s Vision Is Still Vital

News media incentivized to tell the truth in a non-sensational manner is essential for beating racism and other injustice, says our columnist.

Business  ·  18 June 2020
Opinion

Blockchain Code Can Fill In When Antitrust Law Fails

Technology and the law have traditionally been at odds, but with blockchain and antitrust policy there's potential for cooperation.

Policy & regulation  ·  17 June 2020
Opinion

In Fintech, Fiat and Crypto Worlds Are Converging

Crypto firms and banks are partnering at scale, part of the broader democratization of payments systems around the world.

Business  ·  17 June 2020
CBDCs

In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride

Today's stablecoin market mirrors the “wildcat banking” era of the mid-1800s, when banks printed their own dollars. Like then, federal intervention is likely.

Markets  ·  16 June 2020
Opinion

Venezuela Is a Testing Ground for Digital Dollarization (and Zelle Doesn’t Like It)

With their economy crumbling from hyperinflation, Venezuelans are finding new workarounds to get hold of digital dollars.

People  ·  16 June 2020
Bitcoin

If Crypto Is Anything Like Fixed-Income, It’s Going to Need a Fatter Textbook

Expect digital assets investing to mirror fixed income investing and become more specialized and complex over time, says our columnist.

Business  ·  16 June 2020