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Tether executives under federal criminal investigation, report says
Tether executives under federal criminal investigation, report says
Executives at Tether International, the company that issues the digital currency tether, are facing a federal criminal probe into whether they committ...
www.marketwatch.com
Bitcoin’s growing energy problem: ‘It’s a dirty currency’ via @financialtimes
Man Group boss: crypto has ‘no inherent worth’ but is good to trade:
"If you look at cryptocurrencies as a whole, it is a pure trading instrument. There is no inherent worth in it whatsoever. It is a tulip bulb,” via @financialtimes
Man Group boss: crypto has ‘no inherent worth’ but is good to trade . Luke Ellis compares digital assets to the 17th century Dutch tulip craze via @financialtimes
Decentralised finance
DeFi paradoxes
Why using crypto smart-contracts to remove financial intermediaries comes with its own trade-offs
...and major risks...
Markets haven’t even begun to reflect China-US decoupling risks. Sell-off in Didi shares is a clear warning of the dichotomy faced by investors
By GEORGE MAGNUS via @financialtimes
Nouriel Roubini is a professor of economics at New York University’s Stern School of Business. He is also CEO of Roubini Macro Associates, LLC, a global macroeconomic consultancy firm in New York, as well as Co-Founder of Rosa & Roubini Associates based out of London. At a 2006 address to the International Monetary Fund, Roubini warned of the impending recession due to the credit and housing market bubble. His predictions of these upside-down balance sheets became a reality in 2008, with the bubble bursting and reverberating around the world into a global financial crisis – a recession we’re only recently rebounding from after a decade climb. READ MORE
The Looming Stagflationary Debt Crisis
Years of ultra-loose fiscal and monetary policies have put the global economy on track for a slow-motion train wreck in the coming years. When the crash comes, the stagflation of the 1970s will be combined with the spiraling debt crises of the post-2008 era, leaving...
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