Crypto

For those of us living in developing countries, it’s easy to forget that money actually has three distinct functions: a unit of accounting, a store of value and a means of exchange. After a small-scale, privately funded pilot in the beach town of El ...

El Salvador’s president, Nayib Bukele, said over the weekend that he plans to make bitcoin legal tender, making it the first country to do so. Accordingly, a shift from cash to bitcoin should not materially reduce the government’s tax take or its vis...

Several years ago, as Head of Research at Tellimer, I was sitting with a junior analyst over lunch in Dubai. In many other developing economies, however, the central bank lacks this degree of credibility. These are the countries where blockchain-base...

One of the key challenges regulators face relates to the fundamental character of cryptocurrencies; traders can benefit from anonymity, making it difficult for authorities to take action. Despite regulators’ dampening efforts, trading volume has incr...

Gold had a volatile day on Wednesday and is US$1,859 per ounce at the time of writing. However, it suggests this is likely to mark the bottom of the current flag pattern. The longer-term correlation is much more robust, with gold and the S&P 500 curr...

In the FX market, trading has been rangebound in the Asian session as investors await the FOMC minutes later this evening. The notable increase in cocoa exports will bolster foreign currency inflows into the country. Heading into today’s meeting, giv...