Four payments sent after SamSam ransomware targeted entities across the US were traced by ProPublica to Proven DataFrom 2015 to 2018, a strain of ransomware known as SamSam paralyzed computer networks across North America and the UK. It caused more than $30m in damages to at least 200 entities, including the cities of Atlanta and Newark, the port of San Diego and Hollywood Presbyterian medical…
Bitcoin's weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there's a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins.
Bitcoin's share of the cryptocurrency market is sliding, with a host of alternative digital coins gaining ground as developers race to create digital cash that can gain a footing in mainstream commerce and finance.
Speech by Mr Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, at the Reinventing Bretton Woods Committee conference "Managing the Soft Landing of the Global Economy", Washington DC, 12 April, 2019.
In an overhaul of investments impacting almost every asset class, Spain’s largest corporate pension fund, is looking to increase diversification and improve its ESG ratings. It’s decreased equities in favour of US government bonds as part of a strategy to protect the portfolio in a potential downturn, this strategy also includes tail risk hedging, currency hedging and slashing its hedge funds…
Central banks are supposed to use the interest rate to achieve an inflation target and let the exchange rate float freely. So why do they often intervene in currency markets by buying and selling international reserves, and use a host of other measures to limit their currencies’ volatility?
Many central banks are considering whether to issue a new form of electronic money that would be accessible to the public. This new form is usually called a central bank digital currency (CBDC). Issuing a CBDC would have implications on the financial system and more broadly on the wider economy.