Sweden goes from being the first in adopting banknotes in Europe in 1661 to introducing its own digital currency in 2021, and becoming the first world’s cashless society in 2023. How is a country becoming the world’s first cashless society? Sweden, one of the most technologically advanced nations on the planet, is leading the way. […]
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The concept of equilibrium, one of the most central ideas in economics and one of the core assumptions in the vast majority of economic models, may have serious problems, concludes a study from the Institute for New Economic Thinking at the Oxford Martin School.
More and more security holes are appearing in cryptocurrency and smart contract platforms, and some are fundamental to the way they were built. Early last month, the security team at Coinbase noticed something strange going on in Ethereum Classic, one of the cryptocurrencies people can buy and sell using Coinbase’s popular exchange platform. Its blockchain, […]
As our lives have been getting longer and healthier – compared to prior generations – some people advocate doing away with the concept of retirement altogether. In support of that idea, increasing numbers of workers report in surveys that they expect never to retire, and not just because they can’t afford to but often because […]
JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business Engineers at the lender have created the “JPM Coin,” a digital token that will be used to instantly settle transactions between clients of its wholesale payments business. Only a tiny fraction of payments will initially be transmitted using the cryptocurrency, but […]