If Crypto Causes ‘Instability,’ It’s Because the System Is Unstable

If Crypto Causes ‘Instability,’ It’s Because the System Is Unstable

I started reading Nobel prize-winning economist Robert Shiller’s bestselling book “Irrational Exuberance” about asset bubbles recently. Wait, I should be more specific. I started reading the third edition published in 2015, during what Shiller identified as another asset runup. The modern classic economics text was first printed in 2000, before the implosion of the “dot … Read more

IMF warns of the danger to the financial system from ‘disappearing’ crypto coins and the instability of stablecoins | Currency News | Financial and Business News

Bitcoin balloon

Bitcoin balloon Andriy Onufriyenko The IMF warned countries about the risks that came with the growing crypto space in a report Tuesday. More than 16,000 tokens have been listed on exchanges, but only around 9,000 exist today, the report said. The fund said stablecoins were vulnerable to volatility and investor runs despite being pegged to … Read more