In early 2019, a report [https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf] by Bitwise to the U.S. Securities and Exchange Commission put forward a bold statement which at the same time failed to surprise anyone, “95% of all reported bitcoin trading volume is fake”. Since then Bitwise have
The most common way to store and interface with the Bitcoin network is either by using software running locally on your computer or provided by a web service like CoinJar. Web-based bitcoin clients allow for greater flexibility around multiple devices and locations, and may come bundled with additional features such
In March, the UK government formally announced plans to welcome and regulate digital currency activity in the UK. The promise of research funding, police training, and pragmatic regulation are welcome first steps, but to what end? The focus in this area tends to fall on questions of innovation, competition, crime,
Basic financial services are more expensive and exclusive than they need to be. If we can strip digital finance down into a lightweight, near-free service, we can offer it to everybody, including those currently excluded from the sector. Approximately half of the adult world does not have a bank account.
On 3 December, we made a submission in response to the UK government’s economic and finance ministry’s call for information on digital currencies [https://www.gov.uk/government/consultations/digital-currencies-call-for-information/digital-currencies-call-for-information] . In an effort to make Britain the global centre of financial innovation, the HM Treasury’s consultation