BoE’s Andrew Bailey says crypto has ‘all the potential’ to threaten financial stability

BoE’s Andrew Bailey says crypto has ‘all the potential’ to threaten financial stability

Bank of England Governor Andrew Bailey said that the rapid growth of cryptocurrencies means that they could threaten the world’s financial system. “It’s not a financial stability issue today, but it has all the potential to be one, particularly if the system starts getting leverage into it,’’ Bailey toild at an event at Cambridge Union on … Read more

Finding stability amid crypto market volatility

Finding stability amid crypto market volatility

In a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May. Just weeks later, more than $800 million was wiped off of the total crypto market cap, representing a decrease of over 33%.Volatility … Read more