The last year has been rather tough for crypto. Over the summer we saw prices crash and several companies fail. If anyone thought the following months would bring a change to that trend, they were in for a rough ride. In November, the so-called “crypto winter” would take it biggest scalp yet, in the form
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In 1661 Johan Palmstruch discovered a Midas touch when he realized that he could solve his bank’s liquidity spread of short-term deposits and long-term loans by issuing credit paper. Dubbed “Palmstruch’s Notes”, they were credited as the first instance of IOUs (“I owe you”) in Europe, backed by nothing but the general public’s confidence in
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Non-fungible tokens. NFTs. Pictures of monkeys and three-dimensional animations of Donald Trump puking rainbows were all over our Twitter feeds just a few months ago; where are they now? An NFT, as the name suggests, is a unique token identified by a code attributed to it. In contrast, Bitcoin would be a fungible token because
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The short-term effect on the population and financial markets “We live in a time of paradox and uncertainty. It is a paradox that, in a period of economic growth and low unemployment, households face a cost-of-living crisis and poverty is on the rise.” – His Majesty King Willem-Alexander of the NetherlandsSpeech from the Throne 2022
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