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5 Results from /crypto, 2020

Jamie Crawley

Jamie Crawley

Are CBDCs a question without an answer?

The Singapore Fintech Festival takes place next week with central bank digital currencies (CBDCs) one of the hot topics on the agenda. Questions should raise be raised about what role such currencies would in fact play in financial systems. Singapore would appear to be an ideal market for the use of a CBDC, with its dense population, universal int...

/crypto

Jamie Crawley

Jamie Crawley

What is Celo and could it succeed where Libra won’t?

Celo promises to be a stablecoin to rival Libra. While unlikely to be regarded with the same distrust as Facebook’s much-maligned digital currency, Celo will still have its share of challenges relating to regulation and scale. The announcement that Facebook was leading the development of a digital currency in June 2019 was met with fierce pushback ...

/crypto

Jamie Crawley

Jamie Crawley

Bitcoin halving: What does this mean and what will its effect be?

Bitcoin’s 2020 halving took place today. This happens around once every four years and is of much interest to cryptocurrency investors due to the profound effect halving has had on the cryptocurrency in previous occurrences. Halving refers to the number of coins that miners receive for adding new transactions to the blockchain being cut in half. Th...

/crypto

Jamie Crawley

Jamie Crawley

The pros and cons of CBDCs

Multiple central banks are looking closely at developing digital currencies to address the threat posed by projects such as Libra. There are many benefits to be found in central bank digital currencies (CBDCs), likely to be magnified amidst the Coronavirus pandemic as more and more transactions are carried out electronically and cash usage continu...

/crypto

Jamie Crawley

Jamie Crawley

Welcome to the era of stablecoins

Thanks in no small part to Facebook’s controversial Libra project, stablecoins have attained a great deal of interest in recent months and many questions have been thrown up about their place in the global financial system. How many stablecoins might exist with in a few years? What are the benefits and risks to banks and central banks? What techni...

/crypto