It's This is Money, your essential week's round-up of the biggest money stories in the UK and abroad. This week, guest-host Sue Dougan teamed up with Editor Simon Lambert and Personal Finance Editor Rachel Rickard Straus from the Financial Website of the Year, This Is Money. On the agenda today; A further rate cut looks unlikely for now, but that's not stopped the banks from taking full advantage of the chance to punish savers and borrowers alike. Meanwhile, a Pensions Roadblock is what we're calling people scared off from trying to get their nest egg in order. Is it just a bit complicated, or totally hopeless? And we'll also be taking a look at a new book on the hidden threat of Big Data: it's Weapons of Maths Destruction.
This is Money is presented in partnership with NS&I.
Cryptocurrencies like bitcoin are on the rise, so the debate in central banks is how to tackle digital money. Central banks certainly could enter this market, but would it be the right thing to do? Matt Cox has been hearing from monetary innovation specialist, Garrick Hileman.
Peter Randall, CEO of London start up SETL, talked about blockchain and its impact on financial institutions. SETL is launching ‘the world's first commercial platform for using blockchain technology to register and settle securities transactions’. Peter discussed the platform.
Bitcoin is an unregulated, independent, decentralised virtual currency, thought to be impervious to fraud or theft and with no transaction fees.
It was invented - it's claimed - by the mysterious Satoshi Nakamoto in 2008.
Then last week an Australian computer scientist named Craig Wright, came forward claiming he was Satoshi.
But does it matter who invented Bitcoin? and what are the problems with cryptocurrencies? Listen to Billy Bambrough, City A.M.'s deputy news editor
David Emm, Principal Security Researcher at Kaspersky Lab, joins Share Radio to talk about the increasing number of companies being attacked by Ransomware. Ransomware, one of the fastest-growing types of cyber threats, encrypts data on infected machines, then typically asks users to pay ransoms in hard-to-trace digital currencies to get an electronic key so they can retrieve their data.
Sarah Pennells is joined in the studio by money experts Frank Van Lerven from Positive Money, and on the phone with Steve Keen from Kingston University and Chris Skinner from the Financial Services Club to ask the question just what is money? From Bitcoin, to where money comes from, Sarah and her guests answer your questions live only on Ask Sarah.