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Introduction to QuantLib training with Luigi Ballabio

19-21 October, London

The Monetary Future's Blog

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New Binary Options Trading Service Takes Bitcoin-Only Payments

May 2, 2014 Comments (0)

By Jon Matonis CoinDesk Wednesday, March 26, 2014 A new service for financial options has launched a beta website for nine different binary options, including gold, silver and crude oil, plus six foreign exchange pairs. The offered currencies – euros, Australian dollars, New Zealand dollars, British pounds, yen, and Swiss francs – are all paired with the US dollar. Different than previous binary...

A Taxonomy of Bitcoin Mixing Services for Policymakers

May 2, 2014 Comments (0)

By Jon Matonis CoinDesk Monday March 17, 2014 As the first-ever technical workshop devoted to bitcoin research convened on the island of Barbados on 7th March, it was clear from the outset that several academic papers would be exploring various methods to compensate for bitcoin’s inherent lack of anonymity. For now, it’s an academic endeavour, but it underlies the fundamental principle known as ‘freedom of...

How Bitcoin Smashes Mobile Payments Barriers

April 25, 2014 Comments (0)

Open Letter to Mobile World Congress, Barcelona 2014from Jon Matonis, Executive Director, Bitcoin Foundation  February 27, 2014 I have worked in the currency, payments, and cryptography business for over 20 years, at businesses including Visa, Sumitomo Bank, VeriSign, and Hushmail. The technological developments now occurring in peer-to-peer payments and online distributed trust ledgers will shake the current financial system to its core. Ultimately, this will be a good thing for...

Market-Based Reactions To New Bitcoin Regulation

March 10, 2014 Comments (0)

By Jon Matonis CoinDesk Sunday, February 23, 2014 Every action has a reaction, and the world of government regulation is no different. Recently, the regulatory chatter has picked up around Bitcoin and it appears to be focused on two major mandates as perceived by the financial regulators. Number one is the attempt to apply invasive technology-specific money transmitter regulation to a technology that doesn’t seem to fit...

The Evolution of the Bitcoin Clearing House

March 10, 2014 Comments (0)

By Jon Matonis CoinDesk Friday, February 14, 2014 We may be witnessing the final months of the large international bitcoin exchanges for retail purposes. On the road to maturity, the survivors are most likely to emerge as supra-regional bitcoin clearing houses. Today’s global bitcoin exchange plays the mega-role of both retail and wholesale exchange, providing the platform for individual traders, corporate traders, and smaller...

Legal Online Gambling Is Next Major Bitcoin Market

February 9, 2014 Comments (0)

By Jon Matonis CoinDesk Thursday, January 30, 2014 The international online gambling industry is an estimated $30bn market, and growing. More importantly for Bitcoin, it’s a global market that depends on fast, irreversible payments. Just like a ordinary casino chip in any land-based casino, digital bitcoin provides privacy, immediacy, and payment finality. Unlike most typical consumer purchases (where returns and...

The Implications of Bitcoin: Money Without Government

February 9, 2014 Comments (0)

By Jon Matonis CoinDesk Thursday, January 23, 2014 One of my favorite things about bitcoin is how it’s such an all-inclusive tent. Bitcoin attracts political idealists from the right, political idealists from the left, Silicon Valley technologists, social science academics, philosophers, capitalists, socialists, and even apolitical speculators. Alex Payne kicked off this latest round of analysis with his blog piece: “Bitcoin, Magical...

Bitcoin Exchanges Go Local to Drive Adoption

January 20, 2014 Comments (0)

By Jon Matonis CoinDesk Wednesday, January 15, 2014 Much of the media attention surrounding bitcoin exchanges has focused on the larger global players, as they are the endpoints that have the majority of bitcoin’s trading volume. This was satisfactory in the early days of bitcoin, as global price discovery was the driving requirement – but now there is a growing need for in-country exchange transactions, due in part to...

What a Landmark Legal Case From Mid-1700s Scotland Tells Us About Fungibility

January 12, 2014 Comments (0)

By goonsack DGC Magazine Monday, November 18, 2013 John Campbell of the Bank,  cashier of the Royal Bank of  Scotland, c. 1749. A banknote  can be seen on the table.Although the case in question (Crawfurd v. The Royal Bank) happened in the mid-1700s, I think it is highly...

Price Discovery in the Absence of Bitcoin Exchanges

January 5, 2014 Comments (0)

By Jon Matonis CoinDesk Tuesday, December 31, 2013 Recently, authorities in India, China, Korea, Denmark, France, and Norway have issued stern warnings regarding the use and trade of bitcoin and other digital currencies. As a consequence, important exchange outlets for price discovery have been slowed or shuttered following the government advisories. Furthermore, India and China represent nearly half of the globe’s total...